Acclivity Small Correlations

AXVNX Fund

USD 19.91 0.12 0.61%

The current 90-days correlation between Acclivity Small Cap and Jennison Natural Resources is 0.38 (i.e., Weak diversification). The correlation of Acclivity Small 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.

Acclivity Small Correlation With Market

Poor diversification

The correlation between Acclivity Small Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acclivity Small Cap 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 Acclivity Small Cap. 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 board of governors.

Moving together with Acclivity Mutual Fund

0.86	ICSIX	Dynamic Opportunity	Pair Corr
0.86	ICSNX	Dynamic Opportunity	Pair Corr
0.9	AXMNX	Acclivity Mid Cap	Pair Corr
0.97	AXMIX	Acclivity Mid Cap	Pair Corr
1.0	AXVIX	Acclivity Small Cap	Pair Corr
0.89	VSIIX	Vanguard Small Cap	Pair Corr
0.94	VISVX	Vanguard Small Cap	Pair Corr
0.95	DFSVX	Us Small Cap	Pair Corr
0.95	DFFVX	Us Targeted Value	Pair Corr
0.88	UBVCX	Undiscovered Managers	Pair Corr
0.88	UBVAX	Undiscovered Managers	Pair Corr
0.94	UBVSX	Undiscovered Managers	Pair Corr
0.95	AVFIX	American Beacon Small	Pair Corr
0.84	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.86	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.86	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.86	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.86	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.86	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.9	LSHUX	Horizon Spin Off	Pair Corr
0.88	EMO	Clearbridge Energy Mlp	Pair Corr
0.85	VAADX	Virtus Convertible	Pair Corr
0.76	VIGAX	Vanguard Growth Index	Pair Corr
0.92	JHEIX	Equity Income	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VIGIX	Vanguard Growth Index	Pair Corr
0.7	RNGHX	New Economy Fund	Pair Corr
0.87	MLUFX	Massmutual Select Mid	Pair Corr
0.73	TNHIX	1290 High Yield	Pair Corr
0.82	GVCAX	Gabelli Value	Pair Corr
0.73	FTQGX	Fidelity Focused Stock	Pair Corr

Moving against Acclivity Mutual Fund

0.5	ICCNX	Dynamic International	Pair Corr
0.49	ICCIX	Dynamic International	Pair Corr

Related Correlations Analysis

	PNRCX	DLDCX	SBMBX	CGAEX	FIKAX	XGNTX	XEMOX
PNRCX		0.88	0.85	0.33	0.7	0.49	0.37	PNRCX
DLDCX	0.88		0.81	0.12	0.74	0.27	0.41	DLDCX
SBMBX	0.85	0.81		0.37	0.77	0.57	0.23	SBMBX
CGAEX	0.33	0.12	0.37		-0.21	0.78	-0.62	CGAEX
FIKAX	0.7	0.74	0.77	-0.21		-0.01	0.73	FIKAX
XGNTX	0.49	0.27	0.57	0.78	-0.01		-0.42	XGNTX
XEMOX	0.37	0.41	0.23	-0.62	0.73	-0.42		XEMOX
	PNRCX	DLDCX	SBMBX	CGAEX	FIKAX	XGNTX	XEMOX

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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

DLDCX	+ 0.88	PNRCX
SBMBX	+ 0.85	PNRCX
SBMBX	+ 0.81	DLDCX
XGNTX	+ 0.78	CGAEX
FIKAX	+ 0.77	SBMBX
FIKAX	+ 0.74	DLDCX

High negative correlations

XEMOX	- 0.62	CGAEX
XEMOX	- 0.42	XGNTX
FIKAX	- 0.21	CGAEX
XGNTX	- 0.01	FIKAX

Risk-Adjusted Indicators

There is a big difference between Acclivity Mutual Fund performing well and Acclivity Small 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 Acclivity Small'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
PNRCX	0.83	0.02	(0.03)	0.16	0.97	(0.83)	2.06	(1.76)	4.81
DLDCX	0.96	(0.08)	(0.06)	0.01	1.84	(0.90)	1.58	(1.79)	11.02
SBMBX	0.69	0.03	(0.08)	0.62	0.96	(0.68)	1.34	(1.49)	3.99
CGAEX	0.68	(0.02)	(0.11)	0.02	0.88	(0.72)	1.46	(1.28)	4.70
FIKAX	0.90	0.06	(0.03)	0.67	1.23	(0.88)	2.07	(2.07)	5.82
XGNTX	0.53	0.02	(0.12)	0.26	0.61	(0.57)	1.26	(0.95)	3.30
XEMOX	0.78	0.15	0.05	0.79	0.88	(0.86)	1.81	(1.34)	5.86

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