Aam/bahl Gaynor Correlations

AFYCX Fund

USD 24.87 0.08 0.32%

The current 90-days correlation between Aambahl Gaynor Income and Aambahl Gaynor Income is 0.1 (i.e., Average 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 weak diversification

The correlation between Aambahl Gaynor Income and DJI is 0.4 (i.e., Very weak 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 main economic indicators.

Moving together with Aam/bahl Mutual Fund

0.97	AFNIX	Aambahl Gaynor Income	Pair Corr
1.0	AFNAX	Aambahl Gaynor Income	Pair Corr
0.84	CPUCX	Aam Select Income	Pair Corr
0.79	CPUAX	Aam Select Income	Pair Corr
0.78	CPUYX	Aaminsight Select Income	Pair Corr
0.79	CPUIX	Aam Select Income	Pair Corr
0.82	VVIAX	Vanguard Value Index	Pair Corr
0.77	DOXGX	Dodge Cox Stock	Pair Corr
0.96	AFMFX	American Mutual	Pair Corr
0.96	FFMMX	American Funds American	Pair Corr
0.96	FFFMX	American Funds American	Pair Corr
0.96	AMRMX	American Mutual	Pair Corr
0.95	AMFFX	American Mutual	Pair Corr
0.96	AMFCX	American Mutual	Pair Corr
0.92	DODGX	Dodge Stock Fund	Pair Corr
0.83	VIVAX	Vanguard Value Index	Pair Corr
0.64	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Aam/bahl Mutual Fund

0.51	ASDAX	Aamhimco Short Duration	Pair Corr
0.44	ASDCX	Aamhimco Short Duration	Pair Corr
0.7	EABLX	Eaton Vance Floating	Pair Corr
0.67	NFRFX	Nuveen Symphony Floating	Pair Corr
0.46	FAGCX	Fidelity Advisor Growth	Pair Corr
0.41	VSTRX	Voya Short Term	Pair Corr
0.38	LETRX	Voya Russia Fund	Pair Corr
0.38	SCFCX	Shenkman Short Duration	Pair Corr
0.31	SPMWX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	AFNIX	AFNAX	AFYCX	CPUAX	CPUYX	CPUIX	ASDAX	ASDCX
AFNIX		0.97	0.97	0.8	0.79	0.8	-0.47	-0.43	AFNIX
AFNAX	0.97		1.0	0.79	0.78	0.79	-0.5	-0.43	AFNAX
AFYCX	0.97	1.0		0.79	0.78	0.79	-0.51	-0.44	AFYCX
CPUAX	0.8	0.79	0.79		1.0	1.0	-0.03	0.07	CPUAX
CPUYX	0.79	0.78	0.78	1.0		1.0	-0.04	0.07	CPUYX
CPUIX	0.8	0.79	0.79	1.0	1.0		-0.04	0.07	CPUIX
ASDAX	-0.47	-0.5	-0.51	-0.03	-0.04	-0.04		0.93	ASDAX
ASDCX	-0.43	-0.43	-0.44	0.07	0.07	0.07	0.93		ASDCX
	AFNIX	AFNAX	AFYCX	CPUAX	CPUYX	CPUIX	ASDAX	ASDCX

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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
CPUYX	+ 1.0	CPUAX
CPUIX	+ 1.0	CPUAX
CPUIX	+ 1.0	CPUYX
AFNAX	+ 0.97	AFNIX
AFYCX	+ 0.97	AFNIX

High negative correlations

ASDAX	- 0.51	AFYCX
ASDAX	- 0.5	AFNAX
ASDAX	- 0.47	AFNIX
ASDCX	- 0.44	AFYCX
ASDCX	- 0.43	AFNAX
ASDCX	- 0.43	AFNIX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AFNIX	0.61	(0.11)	0.00	(0.41)	0.00	1.04	(1.24)	5.82
AFNAX	0.60	(0.12)	0.00	(0.28)	0.00	0.97	(1.24)	5.83
AFYCX	0.61	(0.12)	0.00	(0.29)	0.00	1.02	(1.25)	5.90
CPUAX	0.27	(0.03)	0.00	(0.66)	0.00	0.54	(0.55)	1.54
CPUYX	0.27	(0.03)	0.00	(0.68)	0.00	0.54	(0.55)	1.54
CPUIX	0.26	(0.03)	0.00	(0.46)	0.00	0.54	(0.55)	1.54
ASDAX	0.07	0.00	0.03	0.15	(0.11)	0.10	(0.10)	0.40
ASDCX	0.06	0.00	0.01	(0.23)	(0.12)	0.20	(0.10)	0.40

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