Americafirst Income Correlations

AFPIX Fund

USD 5.10 0.01 0.20%

The current 90-days correlation between Americafirst Income and Americafirst Large Cap is 0.13 (i.e., Average diversification). The correlation of Americafirst Income 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.

Americafirst Income Correlation With Market

Very poor diversification

The correlation between Americafirst Income Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americafirst Income Fund 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 Americafirst Income 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 gross domestic product.

Moving together with Americafirst Mutual Fund

0.87	SBQAX	Americafirst Large Cap	Pair Corr
0.89	SBQIX	Americafirst Large Cap	Pair Corr
0.87	SBQUX	Americafirst Large Cap	Pair Corr
0.88	ABRUX	Americafirst Monthly	Pair Corr
0.88	ABRWX	Americafirst Tactical	Pair Corr
0.88	ABRFX	Americafirst Tactical	Pair Corr
0.95	AFPAX	Americafirst Income	Pair Corr
1.0	AFPUX	Americafirst Income	Pair Corr
0.93	FFIFX	American Funds	Pair Corr
0.9	FAIFX	American Funds	Pair Corr
0.92	IFACX	Income Fund	Pair Corr
0.9	IFAFX	Income Fund	Pair Corr
0.93	AMECX	Income Fund	Pair Corr
0.92	RIDBX	Income Fund	Pair Corr
0.93	CIMEX	Income Fund	Pair Corr
0.93	RIDFX	Income Fund	Pair Corr
0.92	CIMCX	Income Fund	Pair Corr
0.93	CIMFX	Income Fund	Pair Corr
0.91	SPGSX	State Street Premier	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.81	FSELX	Fidelity Select Semi	Pair Corr
0.82	SMAPX	Salient Mlp Energy	Pair Corr
0.91	AMEIX	Equity Growth	Pair Corr
0.69	LBHIX	Thrivent High Yield	Pair Corr
0.79	CLM	Cornerstone Strategic	Pair Corr
0.95	CGFFX	Growth Fund	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.86	PGAIX	Pimco Global Multi	Pair Corr
0.85	FSRFX	Transportation Portfolio	Pair Corr
0.91	VIGAX	Vanguard Growth Index	Pair Corr

Moving against Americafirst Mutual Fund

0.75

Korea Closed

Pair Corr

Related Correlations Analysis

	SBQAX	SBQIX	SBQUX	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	DGQUX
SBQAX		0.97	1.0	0.94	0.94	0.94	0.87	0.89	-0.38	SBQAX
SBQIX	0.97		0.97	0.97	0.97	0.97	0.89	0.85	-0.38	SBQIX
SBQUX	1.0	0.97		0.93	0.93	0.93	0.87	0.89	-0.38	SBQUX
ABRUX	0.94	0.97	0.93		1.0	1.0	0.88	0.84	-0.36	ABRUX
ABRWX	0.94	0.97	0.93	1.0		1.0	0.88	0.84	-0.36	ABRWX
ABRFX	0.94	0.97	0.93	1.0	1.0		0.88	0.84	-0.36	ABRFX
AFPIX	0.87	0.89	0.87	0.88	0.88	0.88		0.95	-0.12	AFPIX
AFPAX	0.89	0.85	0.89	0.84	0.84	0.84	0.95		-0.15	AFPAX
DGQUX	-0.38	-0.38	-0.38	-0.36	-0.36	-0.36	-0.12	-0.15		DGQUX
	SBQAX	SBQIX	SBQUX	ABRUX	ABRWX	ABRFX	AFPIX	AFPAX	DGQUX

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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

SBQUX	+ 1.0	SBQAX
ABRWX	+ 1.0	ABRUX
ABRFX	+ 1.0	ABRUX
ABRFX	+ 1.0	ABRWX
SBQIX	+ 0.97	SBQAX
SBQUX	+ 0.97	SBQIX

High negative correlations

DGQUX	- 0.38	SBQUX
DGQUX	- 0.38	SBQIX
DGQUX	- 0.38	SBQAX
DGQUX	- 0.36	ABRFX
DGQUX	- 0.36	ABRWX
DGQUX	- 0.36	ABRUX

Risk-Adjusted Indicators

There is a big difference between Americafirst Mutual Fund performing well and Americafirst Income 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 Americafirst Income'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
SBQAX	0.64	0.14	0.01	87.03	0.64	(0.78)	1.41	(1.11)	4.87
SBQIX	0.64	0.03	0.03	0.16	0.64	(0.76)	1.36	(1.13)	4.96
SBQUX	0.64	0.14	0.01	(20.48)	0.67	(0.76)	1.35	(1.15)	4.89
ABRUX	0.90	0.10	0.11	0.22	0.84	(1.05)	2.14	(1.83)	5.42
ABRWX	0.90	0.11	0.12	0.22	0.86	(1.06)	2.19	(1.82)	5.40
ABRFX	0.90	0.10	0.11	0.22	0.87	(1.06)	2.18	(1.78)	5.38
AFPIX	0.53	(0.03)	(0.07)	0.09	0.57	(0.58)	1.02	(1.02)	4.19
AFPAX	0.52	0.07	(0.07)	3.15	0.54	(0.62)	1.09	(1.08)	3.70
DGQUX	0.31	(0.04)	(0.26)	(0.03)	0.42	(0.35)	0.63	(0.75)	2.13

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