Aquila Three Correlations

Mutual Funds USA . 
Fund . Aquila Three Peaks
ATRIX Fund  USD 50.21  0.00  0.00%   
The current 90-days correlation between Aquila Three Peaks and Vanguard Mid Cap Index is 0.03 (i.e., Significant 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 gross domestic product.

Moving together with Aquila Mutual Fund

  0.85ATGAX Aquila Three PeaksPairCorr
  1.0ATGCX Aquila Three PeaksPairCorr
  0.85ATGYX Aquila Three PeaksPairCorr
  0.85VIMAX Vanguard Mid CapPairCorr
  0.85VIMSX Vanguard Mid CapPairCorr
  0.85VMCPX Vanguard Mid CapPairCorr
  0.85VMCIX Vanguard Mid CapPairCorr
  0.84VEXAX Vanguard Extended MarketPairCorr
  0.84VEMPX Vanguard Extended MarketPairCorr
  0.84VIEIX Vanguard Extended MarketPairCorr
  0.84VSEMX Vanguard Extended MarketPairCorr
  0.84VEXMX Vanguard Extended MarketPairCorr
  0.84FSMAX Fidelity Extended MarketPairCorr
  0.8DXQLX Direxion Monthly NasdaqPairCorr
  0.8RYVLX Nasdaq 100 2xPairCorr
  0.8RYVYX Nasdaq 100 2xPairCorr
  0.8UOPIX Ultra Nasdaq 100PairCorr
  0.8RYCCX Nasdaq 100 2xPairCorr
  0.79UOPSX Ultranasdaq 100 ProfundPairCorr

Moving against Aquila Mutual Fund

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

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VIMAX  0.56  0.05  0.05  0.19  0.38 
(0.64)
 1.30 
(0.93)
 3.54 
VIMSX  0.55  0.05  0.05  0.19  0.39 
(0.64)
 1.29 
(0.93)
 3.54 
VMCPX  0.56  0.05  0.05  0.19  0.38 
(0.64)
 1.31 
(0.93)
 3.54 
VMCIX  0.56  0.05  0.05  0.19  0.38 
(0.64)
 1.31 
(0.94)
 3.54 
VEXAX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.00 
VEMPX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.74 
(1.29)
 6.00 
VIEIX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.00 
VSEMX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.00 
VEXMX  0.79  0.05  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.00 
FSMAX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.01 

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