Access Flex Correlations

FYAIX Fund

USD 31.12 0.02 0.06%

The current 90-days correlation between Access Flex High and Alphacentric Lifesci Healthcare is 0.44 (i.e., Very weak diversification). The correlation of Access Flex 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.

Access Flex Correlation With Market

Weak diversification

The correlation between Access Flex High and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Access Flex High and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Access Flex High. 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 Access Mutual Fund

0.69	MLPSX	Mid Cap Value	Pair Corr
0.7	MLPIX	Mid Cap Value	Pair Corr
0.61	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.61	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.72	SVPIX	Small Cap Value	Pair Corr
0.72	SVPSX	Small Cap Value	Pair Corr
0.77	UMPSX	Ultramid Cap Profund	Pair Corr
0.78	UMPIX	Ultramid Cap Profund	Pair Corr

Moving against Access Mutual Fund

0.81	UIPIX	Ultrashort Mid Cap	Pair Corr
0.78	UIPSX	Ultrashort Mid Cap	Pair Corr
0.68	BRPSX	Bear Profund Bear	Pair Corr
0.64	BRPIX	Bear Profund Bear	Pair Corr
0.49	GVPSX	Us Government Plus	Pair Corr
0.35	GVPIX	Us Government Plus	Pair Corr
0.33	BTCFX	Bitcoin Strategy Profund	Pair Corr

Related Correlations Analysis

	LYFAX	BHSRX	AHSCX	RAGHX	SWHFX	VGHCX	PJHRX	HHCZX
LYFAX		0.93	0.93	0.95	0.84	0.95	0.87	-0.06	LYFAX
BHSRX	0.93		0.95	0.92	0.77	0.96	0.75	-0.18	BHSRX
AHSCX	0.93	0.95		0.94	0.82	0.96	0.78	-0.25	AHSCX
RAGHX	0.95	0.92	0.94		0.87	0.96	0.84	-0.11	RAGHX
SWHFX	0.84	0.77	0.82	0.87		0.87	0.89	0.02	SWHFX
VGHCX	0.95	0.96	0.96	0.96	0.87		0.84	-0.07	VGHCX
PJHRX	0.87	0.75	0.78	0.84	0.89	0.84		0.08	PJHRX
HHCZX	-0.06	-0.18	-0.25	-0.11	0.02	-0.07	0.08		HHCZX
	LYFAX	BHSRX	AHSCX	RAGHX	SWHFX	VGHCX	PJHRX	HHCZX

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

VGHCX	+ 0.96	BHSRX
VGHCX	+ 0.96	AHSCX
VGHCX	+ 0.96	RAGHX
RAGHX	+ 0.95	LYFAX
VGHCX	+ 0.95	LYFAX
AHSCX	+ 0.95	BHSRX

High negative correlations

HHCZX	- 0.25	AHSCX
HHCZX	- 0.18	BHSRX
HHCZX	- 0.11	RAGHX
HHCZX	- 0.07	VGHCX
HHCZX	- 0.06	LYFAX

Risk-Adjusted Indicators

There is a big difference between Access Mutual Fund performing well and Access Flex 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 Access Flex'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
LYFAX	0.87	0.29	0.22	(10.15)	0.71	(1.06)	2.00	(1.59)	4.78
BHSRX	0.65	0.24	0.29	0.51	0.24	(0.81)	2.04	(1.12)	4.57
AHSCX	0.77	0.19	0.15	0.38	0.68	(0.86)	1.85	(1.53)	5.46
RAGHX	0.74	0.19	0.18	1.84	0.55	(0.92)	2.07	(1.56)	4.55
SWHFX	0.71	0.05	0.02	0.12	1.25	(0.77)	2.19	(1.54)	9.48
VGHCX	0.70	0.20	0.21	0.39	0.41	(0.80)	2.23	(1.46)	5.27
PJHRX	0.98	0.03	0.00	0.11	2.46	(0.93)	2.07	(1.47)	15.35
HHCZX	0.90	0.02	(0.01)	0.09	1.05	(1.05)	1.24	(1.68)	14.75

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