Aquila Three Correlations

ATGCX Fund

USD 28.85 0.00 0.00%

The current 90-days correlation between Aquila Three Peaks and Fisher Small Cap is 0.2 (i.e., Modest diversification). The correlation of Aquila Three 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.

Aquila Three Correlation With Market

Average diversification

The correlation between Aquila Three Peaks and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquila Three Peaks 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 Aquila Three Peaks. 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 main economic indicators.

Moving together with Aquila Mutual Fund

0.91	ATGAX	Aquila Three Peaks	Pair Corr
0.85	ATGYX	Aquila Three Peaks	Pair Corr
1.0	ATRIX	Aquila Three Peaks	Pair Corr
0.85	VIMAX	Vanguard Mid Cap	Pair Corr
0.85	VIMSX	Vanguard Mid Cap	Pair Corr
0.85	VMCPX	Vanguard Mid Cap	Pair Corr
0.85	VMCIX	Vanguard Mid Cap	Pair Corr
0.88	VEXAX	Vanguard Extended Market	Pair Corr
0.84	VEMPX	Vanguard Extended Market	Pair Corr
0.88	VIEIX	Vanguard Extended Market	Pair Corr
0.84	VSEMX	Vanguard Extended Market	Pair Corr
0.84	VEXMX	Vanguard Extended Market	Pair Corr
0.88	FSMAX	Fidelity Extended Market	Pair Corr

Moving against Aquila Mutual Fund

0.61	HULCX	Hawaiian Tax Free	Pair Corr
0.54	HULYX	Hawaiian Tax Free	Pair Corr
0.53	HULFX	Hawaiian Tax Free	Pair Corr
0.52	HULAX	Hawaiian Tax Free	Pair Corr
0.52	ORTFX	Aquila Tax Free	Pair Corr
0.49	ORTYX	Aquila Tax Free	Pair Corr
0.42	UTACX	Aquila Tax Free	Pair Corr
0.41	UTAHX	Aquila Tax Free	Pair Corr
0.35	UTAYX	Aquila Tax Free	Pair Corr
0.35	COTCX	Aquila Tax Free	Pair Corr
0.34	COTFX	Aquila Tax Free	Pair Corr
0.53	ORTCX	Aquila Tax Free	Pair Corr

Related Correlations Analysis

	IUSCX	APDSX	MSSGX	QUAKX	TVOYX
IUSCX		0.86	0.89	0.89	0.94	IUSCX
APDSX	0.86		0.86	0.98	0.93	APDSX
MSSGX	0.89	0.86		0.86	0.92	MSSGX
QUAKX	0.89	0.98	0.86		0.95	QUAKX
TVOYX	0.94	0.93	0.92	0.95		TVOYX
	IUSCX	APDSX	MSSGX	QUAKX	TVOYX

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Risk-Adjusted Indicators

There is a big difference between Aquila Mutual Fund performing well and Aquila Three 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 Aquila Three'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
IUSCX	0.97	0.10	0.00	0.71	0.98	(1.20)	2.29	(1.69)	8.00
APDSX	0.95	0.01	0.03	0.14	1.14	(0.96)	2.03	(1.99)	5.77
MSSGX	1.47	0.56	0.27	6.33	1.17	(1.77)	3.46	(2.26)	7.23
QUAKX	0.93	0.01	0.05	0.14	1.04	(0.96)	1.92	(2.15)	6.77
TVOYX	0.79	(0.02)	0.02	0.11	0.67	(0.94)	1.70	(1.42)	6.73

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