Amana Income Correlations

AMANX Fund

USD 69.78 0.40 0.58%

The current 90-days correlation between Amana Income and Amana Growth Fund is 0.87 (i.e., Very poor diversification). The correlation of Amana Income 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.

Amana Income Correlation With Market

Poor diversification

The correlation between Amana Income Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Income Fund 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 Amana Income Fund. 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 Amana Mutual Fund

0.74	AMDWX	Amana Developing World	Pair Corr
0.83	AMIGX	Amana Growth	Pair Corr
0.74	AMIDX	Amana Developing World	Pair Corr
1.0	AMINX	Amana Income	Pair Corr
0.83	AMAGX	Amana Growth	Pair Corr
0.67	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.62	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.74	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against Amana Mutual Fund

0.32	USPIX	Profunds Ultrashort	Pair Corr
0.31	USPSX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	AMAGX	AMDWX	IMANX	ADJEX	AMIGX
AMAGX		0.54	0.77	0.73	1.0	AMAGX
AMDWX	0.54		0.15	0.07	0.54	AMDWX
IMANX	0.77	0.15		0.91	0.77	IMANX
ADJEX	0.73	0.07	0.91		0.73	ADJEX
AMIGX	1.0	0.54	0.77	0.73		AMIGX
	AMAGX	AMDWX	IMANX	ADJEX	AMIGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Amana Mutual Fund performing well and Amana Income 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 Amana Income'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
AMAGX	0.68	(0.09)	(0.12)	0.01	0.97	(0.66)	1.46	(1.79)	4.27
AMDWX	0.60	(0.13)	0.00	(0.13)	0.00	0.00	1.33	(1.36)	3.55
IMANX	0.63	(0.04)	(0.06)	0.08	0.89	(0.64)	1.34	(1.69)	4.63
ADJEX	0.79	(0.02)	(0.01)	0.10	1.09	(0.78)	1.72	(1.33)	4.99
AMIGX	0.68	(0.09)	(0.12)	0.01	0.97	(0.66)	1.47	(1.79)	4.26

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC