Acm Tactical Correlations

Mutual Funds . USA . 
Fund . Acm Tactical Income
TINIX Fund  USD 8.83  0.02  0.23%   
The current 90-days correlation between Acm Tactical Income and Acm Dynamic Opportunity is 0.46 (i.e., Very weak diversification). The correlation of Acm Tactical 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.

Acm Tactical Correlation With Market

Very weak diversification

The correlation between Acm Tactical Income and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acm Tactical Income 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 Acm Tactical Income. 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 gross domestic product.

Moving together with Acm Mutual Fund

  0.94ADOIX Acm Dynamic OpportunityPairCorr
  0.98BSIKX Blackrock StrategicPairCorr
  0.98BSICX Blackrock Strategic OppsPairCorr
  0.98BASIX Blackrock Strategic OppsPairCorr
  0.98BSIIX Blackrock StrategicPairCorr
  0.95JSORX Jpmorgan Strategic IncomePairCorr
  0.95JSOZX Jpmorgan Strategic IncomePairCorr
  0.93JSOCX Jpmorgan Strategic IncomePairCorr
  0.95JSOSX Jpmorgan Strategic IncomePairCorr
  0.95JSOAX Jpmorgan Strategic IncomePairCorr
  0.9PMZCX Pimco Mortgage OpporPairCorr
  0.94SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.94SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.7OSPPX Oppenheimer Steelpath MlpPairCorr
  0.7MLPNX Oppenheimer Steelpath MlpPairCorr
  0.69MLPLX Oppenheimer Steelpath MlpPairCorr
  0.85EMO Clearbridge Energy MlpPairCorr
  0.92RSNYX Victory Global NaturalPairCorr
  0.92RSNRX Victory Global NaturalPairCorr
  0.69SPMPX Invesco Steelpath MlpPairCorr
  0.67MLPMX Oppenheimer Steelpath MlpPairCorr
  0.96LUBIX Thrivent IncomePairCorr
  0.93VEXMX Vanguard Extended MarketPairCorr
  0.97PYCTX Payden RygelPairCorr
  0.87PSSRX Prudential FinancialPairCorr
  0.98GSDIX Goldman Sachs EmergingPairCorr
  0.82GSDSX Goldman Sachs ShortPairCorr
  0.93NQGAX Nuveen Nwq GlobalPairCorr
  0.78NAD Nuveen Dividend AdvantagePairCorr
  0.97MWCIX Metropolitan WestPairCorr
  0.88RDMCX Rational Dynamic MomentumPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.8SLARX Deutsche Latin AmericaPairCorr
  0.95DNSMX Driehaus Small CapPairCorr
  0.98PAUCX Pimco All AssetPairCorr
  0.95NCIDX Columbia ConvertiblePairCorr
  0.87RFAYX Investment Grade BondPairCorr
  0.95FSCTX Fidelity Advisor SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Acm Mutual Fund performing well and Acm Tactical 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 Acm Tactical'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
TINIX  0.12  0.02 (0.48) 0.30  0.00 
(0.17)
 0.23 
(0.23)
 0.69 
ADOIX  0.52  0.15  0.13  0.40  0.15 
(0.62)
 1.26 
(0.83)
 4.10 
OEGYX  0.78  0.18  0.14  0.34  0.74 
(0.86)
 2.34 
(1.26)
 4.99 
FKAIX  0.89  0.18  0.17  0.31  0.73 
(1.04)
 2.41 
(1.62)
 6.11 
PADEX  0.47  0.11  0.08  0.29  0.28 
(0.54)
 1.47 
(1.01)
 3.41 
JAFSX  0.97  0.29  0.26  0.42  0.62 
(1.19)
 2.58 
(1.53)
 6.31 
SGTTX  0.99  0.24  0.23  0.34  0.67 
(1.16)
 2.51 
(1.87)
 6.91 
CPRTX  0.04  0.01  0.00 (0.71) 0.00 
 0.00 
 0.09 
 0.00 
 0.44 
NTBIX  0.14  0.03 (0.36) 0.35  0.00 
(0.19)
 0.32 
(0.21)
 1.28 
BSBIX  0.07  0.02 (0.83)(0.94) 0.00 
(0.12)
 0.11 
(0.11)
 0.42 

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