Anfield Universal Correlations

AFLIX Fund

USD 8.72 0.01 0.11%

The current 90-days correlation between Anfield Universal Fixed and Q3 All Weather Sector is -0.08 (i.e., Good diversification). The correlation of Anfield Universal 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.

Anfield Universal Correlation With Market

Average diversification

The correlation between Anfield Universal Fixed and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Universal Fixed 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 Anfield Universal Fixed. 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 Anfield Mutual Fund

0.96	AFLEX	Anfield Universal Fixed	Pair Corr
0.94	AFLKX	Anfield Universal Fixed	Pair Corr
0.8	JSORX	Jpmorgan Strategic Income	Pair Corr
0.77	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.77	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.79	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.79	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.75	ASG	Liberty All Star	Pair Corr
0.72	CII	Blackrock Enhanced	Pair Corr
0.78	ETV	Eaton Vance Tax	Pair Corr
0.68	CLM	Cornerstone Strategic	Pair Corr
0.7	CRF	Cornerstone Strategic	Pair Corr
0.79	USA	Liberty All Star	Pair Corr
0.83	ETY	Eaton Vance Tax	Pair Corr
0.7	NFJ	Virtus Dividend Interest	Pair Corr
0.76	BTLSX	Baillie Gifford Inte	Pair Corr
0.8	FLCCX	Fidelity Advisor Large	Pair Corr
0.74	SHAPX	Clearbridge Appreciation	Pair Corr
0.74	ATOIX	Alpine Ultra Short	Pair Corr
0.67	CHDVX	Cullen High Dividend	Pair Corr
0.66	TSMLX	Tiaa Cref Lifestyle	Pair Corr
0.89	WAHSX	Western Asset High	Pair Corr
0.74	BMGAX	Blackrock Mid Cap	Pair Corr
0.78	AVUNX	Avantis Equity	Pair Corr
0.7	JSEQX	Jpmorgan Small Cap	Pair Corr
0.63	MAAOX	Morgan Stanley Insti	Pair Corr
0.69	WMCVX	Wasatch Small Cap	Pair Corr
0.68	HISVX	Harbor Small Cap	Pair Corr

Moving against Anfield Mutual Fund

0.49

PMZCX

Pimco Mortgage Oppor

Pair Corr

Related Correlations Analysis

	QAISX	PGAIX	APHFX	GSCYX	WMRIX	HNSGX	APDOX
QAISX		0.69	0.81	0.83	-0.01	0.87	0.83	QAISX
PGAIX	0.69		0.8	0.7	0.56	0.81	0.75	PGAIX
APHFX	0.81	0.8		0.79	0.27	0.83	0.93	APHFX
GSCYX	0.83	0.7	0.79		-0.06	0.93	0.74	GSCYX
WMRIX	-0.01	0.56	0.27	-0.06		0.13	0.25	WMRIX
HNSGX	0.87	0.81	0.83	0.93	0.13		0.81	HNSGX
APDOX	0.83	0.75	0.93	0.74	0.25	0.81		APDOX
	QAISX	PGAIX	APHFX	GSCYX	WMRIX	HNSGX	APDOX

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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

APDOX	+ 0.93	APHFX
HNSGX	+ 0.93	GSCYX
HNSGX	+ 0.87	QAISX
GSCYX	+ 0.83	QAISX
APDOX	+ 0.83	QAISX
HNSGX	+ 0.83	APHFX

High negative correlations

WMRIX	- 0.06	GSCYX
WMRIX	- 0.01	QAISX

Risk-Adjusted Indicators

There is a big difference between Anfield Mutual Fund performing well and Anfield Universal 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 Anfield Universal'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
QAISX	0.38	0.06	(0.04)	(0.73)	0.61	(0.60)	1.21	(1.48)	3.90
PGAIX	0.32	(0.01)	(0.15)	0.09	0.35	(0.37)	0.74	(0.67)	2.04
APHFX	0.10	0.02	(0.49)	0.49	0.00	(0.16)	0.22	(0.22)	0.77
GSCYX	0.85	(0.01)	0.03	0.09	0.84	(1.04)	2.14	(1.37)	7.13
WMRIX	0.40	0.00	(0.15)	0.08	0.50	(0.47)	0.91	(0.96)	2.37
HNSGX	0.85	0.12	0.04	0.84	0.89	(0.95)	1.95	(1.33)	5.90
APDOX	0.15	0.02	(0.37)	2.39	0.08	(0.21)	0.39	(0.20)	1.45

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