Americafirst Large Correlations

Mutual Funds . USA . 
Fund . Americafirst Large Cap
SBQAX Fund  USD 13.59  0.08  0.59%   
The current 90-days correlation between Americafirst Large Cap and Vanguard Total Stock is 0.96 (i.e., Almost no diversification). The correlation of Americafirst Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Americafirst Large Correlation With Market

Significant diversification

The correlation between Americafirst Large Cap and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Large Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Americafirst Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Americafirst Mutual Fund

  0.93SBQIX Americafirst Large CapPairCorr
  1.0SBQUX Americafirst Large CapPairCorr
  0.98ABRUX Americafirst MonthlyPairCorr
  0.91ABRWX Americafirst TacticalPairCorr
  0.98ABRFX Americafirst TacticalPairCorr
  0.91AFPIX Americafirst IncomePairCorr
  0.96AFPAX Americafirst IncomePairCorr
  0.96AFPUX Americafirst IncomePairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.89VITSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.89VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.88VINIX Vanguard InstitutionalPairCorr
  0.88VIIIX Vanguard InstitutionalPairCorr
  0.86PFN Pimco Income StrategyPairCorr
  0.87CIF Mfs Intermediate HighPairCorr
  0.68PCF Putnam High IncomePairCorr
  0.95VBIAX Vanguard Balanced IndexPairCorr
  0.92ETILX Eventide GileadPairCorr
  0.92FFMMX American Funds AmericanPairCorr
  0.88MWFIX Mainstay Equity EtfPairCorr
  0.92AAAGX Thrivent Large CapPairCorr
  0.87LDVAX Leland Thomson ReutersPairCorr
  0.97SAWMX Sa Worldwide ModeratePairCorr
  0.93EMREX Jpmorgan Trust IvPairCorr
  0.76ESMYX Invesco European SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Large Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Americafirst Large's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  1.11  0.13  0.04 (1.37) 1.64 
(1.05)
 2.08 
(2.35)
 13.08 
VFIAX  1.09  0.13  0.04 (1.47) 1.69 
(1.04)
 2.05 
(2.35)
 12.96 
VTSMX  1.10  0.13  0.04 (1.38) 1.66 
(1.03)
 2.08 
(2.36)
 13.08 
VITSX  1.10  0.08  0.04  0.11  1.66 
(1.05)
 2.08 
(2.36)
 13.08 
VSMPX  1.11  0.13  0.04 (1.36) 1.64 
(1.05)
 2.08 
(2.36)
 13.09 
VSTSX  1.11  0.13  0.04 (1.36) 1.64 
(1.05)
 2.08 
(2.36)
 13.09 
VFINX  1.09  0.08  0.04  0.11  1.67 
(1.10)
 2.05 
(2.35)
 12.96 
VFFSX  1.09  0.13  0.04 (1.43) 1.66 
(1.04)
 2.05 
(2.35)
 12.96 
VINIX  1.09  0.08  0.04  0.11  1.69 
(1.07)
 2.06 
(2.35)
 12.96 
VIIIX  1.09  0.08  0.04  0.11  1.69 
(1.07)
 2.06 
(2.35)
 12.96 

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