Amundi Climate Correlations

ACTKX Fund

9.71 0.01 0.10%

The current 90-days correlation between Amundi Climate Transition and 1919 Financial Services is -0.26 (i.e., Very good diversification). The correlation of Amundi Climate 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.

Amundi Climate Correlation With Market

Average diversification

The correlation between Amundi Climate Transition and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amundi Climate Transition 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 Amundi Climate Transition. 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 industry.

Moving together with Amundi Mutual Fund

0.64	HICMX	Pioneer High Income	Pair Corr
0.99	STIRX	Pioneer Strategic Income	Pair Corr
0.98	STRYX	Pioneer Strategic Income	Pair Corr
0.67	INVYX	Pioneer International	Pair Corr
0.82	MNBCX	Pioneer Amt Free	Pair Corr
1.0	PICYX	Pioneer Bond	Pair Corr
0.64	PIEKX	Pioneer International	Pair Corr
0.67	PIIFX	Pioneer International	Pair Corr

Moving against Amundi Mutual Fund

0.74	PYEQX	Pioneer Equity Income	Pair Corr
0.7	PGRRX	Pioneer Select Mid	Pair Corr
0.69	PYCGX	Pioneer Mid Cap	Pair Corr
0.68	PGOFX	Pioneer Select Mid	Pair Corr
0.66	CVFYX	Pioneer Disciplined Value	Pair Corr
0.66	CVKFX	Pioneer Disciplined Value	Pair Corr
0.65	CVCFX	Pioneer Disciplined Value	Pair Corr
0.65	CVFCX	Pioneer Disciplined Value	Pair Corr
0.65	CVRFX	Pioneer Disciplined Value	Pair Corr
0.52	PFGRX	Pioneer Fundamental	Pair Corr
0.34	AOBLX	Pioneer Classic Balanced	Pair Corr
0.66	PYODX	Pioneer Fund Pioneer	Pair Corr
0.64	INDCX	Pioneer Disciplined	Pair Corr
0.64	INYDX	Pioneer Disciplined	Pair Corr
0.64	PINDX	Pioneer Disciplined	Pair Corr
0.63	INKDX	Pioneer Disciplined	Pair Corr
0.53	PIGFX	Pioneer Fundamental	Pair Corr

Related Correlations Analysis

	SBFAX	BTO	MCBXX	RPFGX	IAAEX	MSVIX	RGFIX
SBFAX		0.96	0.35	0.99	0.74	0.69	0.0	SBFAX
BTO	0.96		0.25	0.94	0.83	0.77	0.0	BTO
MCBXX	0.35	0.25		0.34	-0.04	0.08	0.0	MCBXX
RPFGX	0.99	0.94	0.34		0.76	0.73	0.0	RPFGX
IAAEX	0.74	0.83	-0.04	0.76		0.91	0.0	IAAEX
MSVIX	0.69	0.77	0.08	0.73	0.91		0.0	MSVIX
RGFIX	0.0	0.0	0.0	0.0	0.0	0.0		RGFIX
	SBFAX	BTO	MCBXX	RPFGX	IAAEX	MSVIX	RGFIX

Click cells to compare fundamentals

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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

RPFGX	+ 0.99	SBFAX
BTO	+ 0.96	SBFAX
RPFGX	+ 0.94	BTO
MSVIX	+ 0.91	IAAEX
IAAEX	+ 0.83	BTO
MSVIX	+ 0.77	BTO

High negative correlations

IAAEX	- 0.04	MCBXX
RGFIX	- 0.0	MSVIX
RGFIX	- 0.0	IAAEX
RGFIX	- 0.0	RPFGX
RGFIX	- 0.0	MCBXX
RGFIX	- 0.0	BTO

Risk-Adjusted Indicators

There is a big difference between Amundi Mutual Fund performing well and Amundi Climate 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 Amundi Climate'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
SBFAX	0.80	0.25	0.13	(2.15)	0.50	(0.95)	1.73	(1.44)	8.60
BTO	0.98	0.16	0.20	0.23	0.67	(1.10)	2.02	(1.32)	9.88
MCBXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	1.01
RPFGX	0.80	0.22	0.10	(1.32)	0.52	(0.96)	1.85	(1.40)	7.59
IAAEX	0.54	(0.03)	(0.09)	0.09	0.51	(0.62)	1.33	(0.98)	3.17
MSVIX	0.82	(0.06)	(0.02)	0.08	0.83	(0.95)	2.14	(1.41)	5.71
RGFIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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