Absolute Capital Correlations

Mutual Funds USA . 
Fund . Absolute Capital Defender
ACMDX Fund  USD 11.13  0.06  0.54%   
The current 90-days correlation between Absolute Capital Defender and Absolute Capital Asset is 0.9 (i.e., Almost no diversification). The correlation of Absolute Capital 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.

Absolute Capital Correlation With Market

Very poor diversification

The correlation between Absolute Capital Defender and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Capital Defender and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Absolute Capital Defender. 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 discontinued.

Moving together with Absolute Mutual Fund

  0.92TEBRX Teberg FundPairCorr
  0.91AAMIX Absolute Capital AssetPairCorr
  0.83AAMAX Absolute Capital AssetPairCorr
  0.89AAMCX Absolute Capital AssetPairCorr
  1.0ACMIX Absolute Capital DefenderPairCorr
  1.0ACMAX Absolute Capital DefenderPairCorr
  0.89PAALX All Asset FundPairCorr
  0.91PATRX Pimco All AssetPairCorr
  0.89PAAIX All Asset FundPairCorr
  0.89PALPX Pimco All AssetPairCorr
  0.89PASAX All Asset FundPairCorr
  0.91PASCX All Asset FundPairCorr
  0.89PAANX Pimco All AssetPairCorr
  0.91PAUPX Pimco All AssetPairCorr
  0.91PAUIX Pimco All AssetPairCorr
  0.91WARRX Wells Fargo AdvantagePairCorr
  0.86GAAKX Gmo Alternative AlloPairCorr
  0.86GAAGX Gmo Alternative AlloPairCorr
  0.95GPMFX Guidepath Managed FuturesPairCorr
  0.94PQTAX Pimco Trends ManagedPairCorr
  0.94PQTNX Pimco Trends ManagedPairCorr
  0.94PQTIX Aa Pimco TrPairCorr
  0.89WARCX Wells Fargo AdvantagePairCorr
  0.96LCRIX Leuthold E InvestmentPairCorr
  0.77PLIBX Plumb BalancedPairCorr
  0.78SDVSX Sit Dividend GrowthPairCorr
  0.95RERAX Europacific GrowthPairCorr
  0.81FROTX Franklin ConvertiblePairCorr
  0.94TIHRX Tiaa-cref High-yieldPairCorr
  0.68JPBEX Jp Morgan CorePairCorr
  0.96FTSAX Fuller Thaler BehavioralPairCorr
  0.75PCSIX Pace Strategic FixedPairCorr
  0.96FSATX Fidelity Asset ManagerPairCorr
  0.95AMDWX Amana Developing WorldPairCorr
  0.94KADIX Kensington ActivePairCorr
  0.73TIIWX Tiaa-cref Inflation-linkedPairCorr
  0.95MVIIX Praxis Value IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Absolute Mutual Fund performing well and Absolute Capital 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 Absolute Capital'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.

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