Applied Finance Correlations

AFVZX Fund

USD 23.23 0.20 0.87%

Current 90-days correlation between Applied Finance Select and American Mutual Fund is 0.81 (i.e., Very poor diversification).The correlation of Applied Finance 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.

Market Correlation - Applied Finance

Very poor diversification

For the present investment horizon, the measured correlation between AFVZX and DJI stands at 0.82, or Very poor diversification. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Use Trending Equities to better understand diversified portfolio construction. Additional portfolio transparency improves capital positioning. This reflects a position in Applied Finance Select across the allocation. 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 Applied Mutual Fund

0.65	AFALX	Applied Finance Core	Pair Corr
0.65	AFAZX	Applied Finance Core	Pair Corr
0.79	AFDVX	Applied Finance Explorer	Pair Corr
0.89	AFDZX	Applied Finance Explorer	Pair Corr
0.88	AFVLX	Applied Finance Select	Pair Corr
0.69	VVIAX	Vanguard Value Index	Pair Corr
0.8	AWSHX	Washington Mutual	Pair Corr
0.8	WSHCX	Washington Mutual	Pair Corr
0.92	WSHFX	Washington Mutual	Pair Corr
0.91	FWWMX	American Funds Washington	Pair Corr
0.91	FWMMX	American Funds Washington	Pair Corr
0.9	DODGX	Dodge Stock Fund	Pair Corr
0.77	AMFFX	American Mutual	Pair Corr
0.77	AMFCX	American Mutual	Pair Corr
0.67	VSTSX	Vanguard Total Stock	Pair Corr
0.78	VSMPX	Vanguard Total Stock	Pair Corr
0.78	VITSX	Vanguard Total Stock	Pair Corr
0.63	VFFSX	Vanguard 500 Index	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.67	VTSAX	Vanguard Total Stock	Pair Corr
0.73	VTSNX	Vanguard Total	Pair Corr
0.68	VTISX	Vanguard Total	Pair Corr
0.73	VTPSX	Vanguard Total	Pair Corr
0.75	VINIX	Vanguard Institutional	Pair Corr
0.76	BRZKX	BlackRock Advantage Esg	Pair Corr
0.63	FIVUX	First Investors	Pair Corr
0.75	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.64	TITIX	TIAA-CREF TAX-EXEMPT	Pair Corr
0.9	TLYPX	TIAA Cref Lifecycle	Pair Corr
0.66	BGLCX	Brookfield Global Listed	Pair Corr
0.93	FLCSX	Fidelity Large Cap	Pair Corr
0.87	JNTPX	JPMORGAN SMARTRETIREMENT*	Pair Corr
0.82	LIJAX	BlackRock Lifepath Idx	Pair Corr

Related Correlations Analysis

	VVIAX	AWSHX	WSHCX	WSHFX	FWWMX	FWMMX	DODGX	AMRMX	AMFFX	AMFCX
VVIAX		0.73	0.71	0.74	0.73	0.73	0.82	0.41	0.96	0.96	VVIAX
AWSHX	0.73		1.0	0.85	0.72	0.72	0.81	0.46	0.81	0.82	AWSHX
WSHCX	0.71	1.0		0.85	0.71	0.71	0.8	0.45	0.79	0.8	WSHCX
WSHFX	0.74	0.85	0.85		0.82	0.82	0.92	0.33	0.85	0.86	WSHFX
FWWMX	0.73	0.72	0.71	0.82		1.0	0.86	-0.1	0.78	0.78	FWWMX
FWMMX	0.73	0.72	0.71	0.82	1.0		0.86	-0.1	0.78	0.78	FWMMX
DODGX	0.82	0.81	0.8	0.92	0.86	0.86		0.23	0.88	0.89	DODGX
AMRMX	0.41	0.46	0.45	0.33	-0.1	-0.1	0.23		0.45	0.45	AMRMX
AMFFX	0.96	0.81	0.79	0.85	0.78	0.78	0.88	0.45		1.0	AMFFX
AMFCX	0.96	0.82	0.8	0.86	0.78	0.78	0.89	0.45	1.0		AMFCX
	VVIAX	AWSHX	WSHCX	WSHFX	FWWMX	FWMMX	DODGX	AMRMX	AMFFX	AMFCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WSHCX	+ 1.0	AWSHX
FWMMX	+ 1.0	FWWMX
AMFCX	+ 1.0	AMFFX
AMFFX	+ 0.96	VVIAX
AMFCX	+ 0.96	VVIAX
DODGX	+ 0.92	WSHFX

High negative correlations

AMRMX	- 0.1	FWMMX
AMRMX	- 0.1	FWWMX

Risk-Adjusted Indicators

There is a big difference between Applied Mutual Fund performing well and Applied Finance 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 Applied Finance'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VVIAX	0.53	0.10	0.15	0.10	0.58	-0.55	0.95	-1.20	3.26
AWSHX	0.50	-0.03	0.00	0.19	0.00	0.00	0.88	-1.11	3.55
WSHCX	0.50	-0.03	0.00	0.20	0.00	0.00	0.87	-1.10	3.58
WSHFX	0.51	0.01	0.00	-0.02	0.00	0.00	0.88	-1.11	3.56
FWWMX	0.59	0.08	0.12	0.08	0.63	-0.66	0.92	-1.11	7.25
FWMMX	0.59	0.08	0.12	0.08	0.63	-0.66	0.94	-1.10	7.25
DODGX	0.58	0.04	0.06	0.02	0.71	-0.61	1.24	-1.33	3.20
AMRMX	0.57	-0.09	0.00	1.70	0.00	0.00	0.83	-1.15	7.42
AMFFX	0.47	0.04	0.06	0.03	0.65	-0.43	0.82	-0.99	2.92
AMFCX	0.47	0.03	0.06	0.03	0.65	-0.43	0.83	-1.00	2.93

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