Cibc Atlas Correlations

AWWIX Fund

USD 13.40 0.01 0.07%

The current 90-days correlation between Cibc Atlas International and Invesco Disciplined Equity is 0.35 (i.e., Weak diversification). The correlation of Cibc Atlas 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.

Cibc Atlas Correlation With Market

Weak diversification

The correlation between Cibc Atlas International and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cibc Atlas International 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 Cibc Atlas International. 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 Cibc Mutual Fund

0.9	RERFX	Europacific Growth	Pair Corr
0.95	AEPFX	Europacific Growth	Pair Corr
0.96	CEUAX	Europacific Growth	Pair Corr
0.96	CEUCX	Europacific Growth	Pair Corr
0.96	RERCX	Europacific Growth	Pair Corr
0.96	REREX	Europacific Growth	Pair Corr
0.9	RERGX	Europacific Growth	Pair Corr
0.96	CEUFX	Europacific Growth	Pair Corr
0.91	CEUEX	Europacific Growth	Pair Corr
0.96	RERAX	Europacific Growth	Pair Corr

Moving against Cibc Mutual Fund

0.44	AWEIX	Invesco Disciplined	Pair Corr
0.43	AWMIX	At Mid Cap	Pair Corr
0.43	AWYIX	At Equity Income	Pair Corr
0.34	RMQAX	Monthly Rebalance Steady Growth	Pair Corr
0.44	FTRNX	Fidelity Trend	Pair Corr
0.44	VEXRX	Vanguard Explorer	Pair Corr
0.43	VIGAX	Vanguard Growth Index	Pair Corr
0.4	PLFIX	Largecap Sp 500	Pair Corr
0.39	DFMAX	Davidson Multi Cap	Pair Corr
0.34	RMQHX	Monthly Rebalance Steady Growth	Pair Corr
0.33	RMQCX	Monthly Rebalance Steady Growth	Pair Corr
0.33	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.63	FLTTX	Wisdomtree Floating Rate	Pair Corr
0.56	CRF	Cornerstone Strategic	Pair Corr

Related Correlations Analysis

	AWEIX	AWGIX	AWWIX	AWYIX	MIEZX	JUEQX	CPGAX	JEPIX	VWEAX	DOXGX
AWEIX		0.88	-0.44	0.9	0.99	0.95	0.81	0.94	0.41	0.92	AWEIX
AWGIX	0.88		-0.23	0.88	0.9	0.85	0.84	0.89	0.32	0.86	AWGIX
AWWIX	-0.44	-0.23		-0.43	-0.4	-0.43	0.12	-0.37	0.16	-0.49	AWWIX
AWYIX	0.9	0.88	-0.43		0.92	0.87	0.72	0.95	0.39	0.91	AWYIX
MIEZX	0.99	0.9	-0.4	0.92		0.96	0.85	0.95	0.45	0.92	MIEZX
JUEQX	0.95	0.85	-0.43	0.87	0.96		0.77	0.91	0.37	0.96	JUEQX
CPGAX	0.81	0.84	0.12	0.72	0.85	0.77		0.81	0.58	0.7	CPGAX
JEPIX	0.94	0.89	-0.37	0.95	0.95	0.91	0.81		0.52	0.93	JEPIX
VWEAX	0.41	0.32	0.16	0.39	0.45	0.37	0.58	0.52		0.36	VWEAX
DOXGX	0.92	0.86	-0.49	0.91	0.92	0.96	0.7	0.93	0.36		DOXGX
	AWEIX	AWGIX	AWWIX	AWYIX	MIEZX	JUEQX	CPGAX	JEPIX	VWEAX	DOXGX

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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

MIEZX	+ 0.99	AWEIX
JUEQX	+ 0.96	MIEZX
DOXGX	+ 0.96	JUEQX
JUEQX	+ 0.95	AWEIX
JEPIX	+ 0.95	AWYIX
JEPIX	+ 0.95	MIEZX

High negative correlations

DOXGX	- 0.49	AWWIX
AWWIX	- 0.44	AWEIX
JUEQX	- 0.43	AWWIX
AWYIX	- 0.43	AWWIX
MIEZX	- 0.4	AWWIX
JEPIX	- 0.37	AWWIX

Risk-Adjusted Indicators

There is a big difference between Cibc Mutual Fund performing well and Cibc Atlas 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 Cibc Atlas' 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
AWEIX	0.43	0.03	0.00	0.14	0.48	(0.45)	0.87	(0.96)	3.88
AWGIX	0.80	(0.02)	(0.01)	0.08	0.99	(0.78)	1.82	(1.40)	6.10
AWWIX	0.62	(0.02)	(0.09)	0.06	0.78	(0.63)	1.21	(1.08)	4.49
AWYIX	0.50	(0.01)	(0.07)	0.09	0.47	(0.54)	1.15	(0.87)	2.76
MIEZX	0.48	0.05	0.04	0.17	0.43	(0.58)	0.97	(0.91)	3.84
JUEQX	0.50	0.14	0.06	2.43	0.42	(0.56)	1.12	(0.93)	4.66
CPGAX	0.52	0.03	(0.01)	0.15	0.52	(0.57)	1.18	(1.03)	3.47
JEPIX	0.30	0.00	(0.16)	0.11	0.19	(0.37)	0.75	(0.47)	2.05
VWEAX	0.09	0.00	(0.46)	0.08	0.00	(0.22)	0.18	(0.18)	0.73
DOXGX	0.49	0.08	(0.04)	6.69	0.36	(0.57)	0.94	(0.85)	4.31

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