Amana Developing Correlations

AMDWX Fund

USD 17.61 0.16 0.92%

The current 90-days correlation between Amana Developing World and William Blair Emerging is 0.63 (i.e., Poor diversification). The correlation of Amana Developing 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 Developing Correlation With Market

Very poor diversification

The correlation between Amana Developing World and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Developing World 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 Developing World. 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 private.

Moving together with Amana Mutual Fund

0.7	AMIGX	Amana Growth	Pair Corr
1.0	AMIDX	Amana Developing World	Pair Corr
0.95	AMINX	Amana Income	Pair Corr
0.89	AMIPX	Amana Participation	Pair Corr
0.95	AMANX	Amana Income	Pair Corr
0.93	AMAPX	Amana Participation	Pair Corr
0.69	AMAGX	Amana Growth	Pair Corr
0.95	VEMAX	Vanguard Emerging Markets	Pair Corr
0.95	VEIEX	Vanguard Emerging Markets	Pair Corr
0.95	VEMIX	Vanguard Emerging Markets	Pair Corr
0.96	VEMRX	Vanguard Emerging Markets	Pair Corr
0.97	NWFFX	New World Fund	Pair Corr
0.97	NEWFX	New World Fund	Pair Corr
0.97	NEWCX	New World Fund	Pair Corr
0.97	FWWNX	American Funds New	Pair Corr
0.97	FNFWX	American Funds New	Pair Corr
0.7	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.64	RYVLX	Nasdaq 100 2x	Pair Corr
0.79	UOPIX	Ultra Nasdaq 100	Pair Corr
0.71	RYCCX	Nasdaq 100 2x	Pair Corr
0.7	BIPIX	Biotechnology Ultrasector	Pair Corr
0.98	HHHYX	Hartford Schroders	Pair Corr
0.93	NAESX	Vanguard Small Cap	Pair Corr
0.9	TGBAX	Templeton Global Bond	Pair Corr
0.88	VIMAX	Vanguard Mid Cap	Pair Corr
0.96	EMLDX	Invesco Emerging Markets	Pair Corr
0.97	FCISX	Franklin Income	Pair Corr
0.96	EVFCX	Evaluator Conservative	Pair Corr
0.91	JSVZX	Jpmorgan Small Cap	Pair Corr
0.89	MCBVX	Mfs Mid Cap	Pair Corr
0.72	TWGIX	Growth Fund I	Pair Corr
0.76	XUTFX	Cohen Steers Infrast	Pair Corr
0.9	OAKEX	Oakmark International	Pair Corr
0.98	RTISX	Select International	Pair Corr

Moving against Amana Mutual Fund

0.6	ODVYX	Oppenheimer Developing	Pair Corr
0.65	INPSX	Internet Ultrasector	Pair Corr
0.64	INPIX	Internet Ultrasector	Pair Corr

Related Correlations Analysis

	AMIDX	JNVSX	ICPAX	LPDAX	MECDX	WSBFX	CBLLX	FLRUX	ASQIX	WELNX
AMIDX		0.59	0.8	0.96	0.81	0.87	0.9	0.93	0.92	0.92	AMIDX
JNVSX	0.59		0.3	0.55	0.66	0.64	0.52	0.62	0.66	0.37	JNVSX
ICPAX	0.8	0.3		0.76	0.45	0.48	0.68	0.65	0.58	0.83	ICPAX
LPDAX	0.96	0.55	0.76		0.85	0.86	0.87	0.96	0.93	0.89	LPDAX
MECDX	0.81	0.66	0.45	0.85		0.86	0.69	0.88	0.93	0.63	MECDX
WSBFX	0.87	0.64	0.48	0.86	0.86		0.82	0.94	0.94	0.71	WSBFX
CBLLX	0.9	0.52	0.68	0.87	0.69	0.82		0.83	0.82	0.89	CBLLX
FLRUX	0.93	0.62	0.65	0.96	0.88	0.94	0.83		0.96	0.8	FLRUX
ASQIX	0.92	0.66	0.58	0.93	0.93	0.94	0.82	0.96		0.76	ASQIX
WELNX	0.92	0.37	0.83	0.89	0.63	0.71	0.89	0.8	0.76		WELNX
	AMIDX	JNVSX	ICPAX	LPDAX	MECDX	WSBFX	CBLLX	FLRUX	ASQIX	WELNX

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Risk-Adjusted Indicators

There is a big difference between Amana Mutual Fund performing well and Amana Developing 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 Developing'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
AMIDX	0.73	0.24	0.20	0.45	0.59	(0.82)	1.84	(1.40)	5.19
JNVSX	0.80	0.20	0.20	0.88	0.45	(1.15)	1.70	(1.30)	13.63
ICPAX	0.89	0.17	0.12	0.34	0.95	(0.97)	2.17	(1.96)	4.11
LPDAX	0.62	0.02	0.01	0.09	0.80	(0.62)	1.14	(1.51)	4.19
MECDX	0.74	0.13	0.14	0.23	0.57	(0.87)	1.32	(1.23)	10.46
WSBFX	0.45	0.12	0.16	0.39	0.17	(0.54)	0.90	(0.81)	8.26
CBLLX	0.39	0.03	(0.03)	0.27	0.35	(0.57)	1.28	(0.81)	2.58
FLRUX	0.24	0.02	(0.05)	0.13	0.13	(0.30)	0.55	(0.41)	2.12
ASQIX	0.85	0.09	0.09	0.14	0.84	(0.96)	2.25	(1.67)	5.23
WELNX	0.68	0.06	0.02	0.25	0.86	(0.67)	1.73	(1.58)	4.18

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