Aam/bahl Gaynor Correlations

AFNAX Fund

USD 26.95 0.17 0.63%

The current 90-days correlation between Aambahl Gaynor Income and Aamhimco Short Duration is -0.12 (i.e., Good diversification). The correlation of Aam/bahl Gaynor 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.

Aam/bahl Gaynor Correlation With Market

Very poor diversification

The correlation between Aambahl Gaynor Income and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aambahl Gaynor Income 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 Aambahl Gaynor Income. 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 nation.

Moving together with Aam/bahl Mutual Fund

1.0	AFNIX	Aambahl Gaynor Income	Pair Corr
1.0	AFYCX	Aambahl Gaynor Income	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSMX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.8	VSMPX	Vanguard Total Stock	Pair Corr
0.8	VSTSX	Vanguard Total Stock	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.83	VINIX	Vanguard Institutional	Pair Corr
0.83	VIIIX	Vanguard Institutional	Pair Corr
0.77	SMPSX	Semiconductor Ultrasector	Pair Corr
0.74	LETRX	Voya Russia Fund	Pair Corr
0.68	AVEMX	Ave Maria Value Steady Growth	Pair Corr
0.71	FDMLX	Fidelity Series Intrinsic	Pair Corr
0.82	PHK	Pimco High Income	Pair Corr
0.75	ANOIX	Small Cap Growth	Pair Corr
0.98	AMRFX	American Mutual	Pair Corr
0.88	RFNFX	American Funds Funda	Pair Corr
0.75	FSPTX	Technology Portfolio	Pair Corr
0.85	FCNTX	Fidelity Contrafund	Pair Corr
0.71	VMRXX	Vanguard Money Market	Pair Corr

Moving against Aam/bahl Mutual Fund

0.33

CPUCX

Aam Select Income

Pair Corr

Related Correlations Analysis

	ASDIX	ASDAX	AFNAX	AFYCX	CPUCX	CPUAX	CPUYX	CPUIX
ASDIX		0.98	0.3	0.3	0.43	0.45	0.46	0.46	ASDIX
ASDAX	0.98		0.27	0.27	0.45	0.46	0.48	0.47	ASDAX
AFNAX	0.3	0.27		1.0	-0.33	-0.3	-0.3	-0.29	AFNAX
AFYCX	0.3	0.27	1.0		-0.31	-0.28	-0.28	-0.27	AFYCX
CPUCX	0.43	0.45	-0.33	-0.31		1.0	1.0	1.0	CPUCX
CPUAX	0.45	0.46	-0.3	-0.28	1.0		1.0	1.0	CPUAX
CPUYX	0.46	0.48	-0.3	-0.28	1.0	1.0		1.0	CPUYX
CPUIX	0.46	0.47	-0.29	-0.27	1.0	1.0	1.0		CPUIX
	ASDIX	ASDAX	AFNAX	AFYCX	CPUCX	CPUAX	CPUYX	CPUIX

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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

AFYCX	+ 1.0	AFNAX
CPUAX	+ 1.0	CPUCX
CPUYX	+ 1.0	CPUCX
CPUIX	+ 1.0	CPUCX
CPUYX	+ 1.0	CPUAX
CPUIX	+ 1.0	CPUAX

High negative correlations

CPUCX	- 0.33	AFNAX
CPUCX	- 0.31	AFYCX
CPUYX	- 0.3	AFNAX
CPUAX	- 0.3	AFNAX
CPUIX	- 0.29	AFNAX
CPUYX	- 0.28	AFYCX

Risk-Adjusted Indicators

There is a big difference between Aam/bahl Mutual Fund performing well and Aam/bahl Gaynor 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 Aam/bahl Gaynor'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
ASDIX	0.06	0.00	(0.82)	0.20	0.05	(0.11)	0.10	(0.10)	0.40
ASDAX	0.07	0.00	(0.77)	0.31	0.06	(0.12)	0.10	(0.10)	0.50
AFNAX	0.50	(0.03)	(0.11)	0.08	0.51	(0.56)	1.09	(0.88)	2.54
AFYCX	0.50	(0.03)	(0.11)	0.08	0.52	(0.56)	1.11	(0.89)	2.61
CPUCX	0.23	(0.03)	0.00	0.59	0.00	0.00	0.43	(0.54)	1.29
CPUAX	0.24	(0.02)	0.00	0.56	0.00	0.00	0.43	(0.54)	1.29
CPUYX	0.23	(0.02)	0.00	0.46	0.00	0.00	0.43	(0.54)	1.29
CPUIX	0.22	(0.03)	0.00	0.73	0.00	0.00	0.33	(0.54)	1.29

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