Yorktown Small Correlations

YOVAX Fund  USD 17.22  0.02  0.12%   
The current 90-days correlation between Yorktown Small Cap and Api Growth Fund is 0.96 (i.e., Almost no diversification). The correlation of Yorktown Small 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.

Yorktown Small Correlation With Market

Very poor diversification

The correlation between Yorktown Small Cap Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yorktown Small Cap Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yorktown Small Cap Fund. 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 Yorktown Mutual Fund

  0.99APGRX Api Growth FundPairCorr
  0.8APIBX Api Short TermPairCorr
  0.84APIUX Api Multi AssetPairCorr
  0.99APITX Api Growth FundPairCorr
  0.79APIMX Api Short TermPairCorr
  0.84APIIX Api Multi AssetPairCorr
  1.0YOVIX Yorktown Small CapPairCorr
  1.0YOVLX Yorktown Small CapPairCorr
  0.83AFFIX Api Multi AssetPairCorr
  0.84AFFCX Api Multi AssetPairCorr
  0.99AFGGX Api Growth FundPairCorr
  0.7AFMMX Api Short TermPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.98FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.98PASVX T Rowe PricePairCorr
  0.98PRVIX T Rowe PricePairCorr
  0.98TRZVX T Rowe PricePairCorr
  0.98PRSVX T Rowe PricePairCorr
  0.72GAAKX Gmo Alternative AlloPairCorr
  0.71GAAGX Gmo Alternative AlloPairCorr
  0.61SMCHX Alpssmith Total ReturnPairCorr
  0.98NWALX Nationwide Bny MellonPairCorr
  0.95BICPX Blackrock ConservativePairCorr
  0.91MAUKX Pioneer Multi AssetPairCorr
  0.97FERGX Fidelity Sai EmergingPairCorr
  0.97FTCCX Franklin ConservativePairCorr
  0.98RSMOX Victory Rs MidPairCorr
  0.94TNMRX 1290 Multi AlternativePairCorr

Moving against Yorktown Mutual Fund

  0.5GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Yorktown Mutual Fund performing well and Yorktown Small 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 Yorktown Small'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.