Aama Income Correlations

AMFIX Fund

USD 23.88 0.04 0.17%

The current 90-days correlation between Aama Income Fund and Arrow Managed Futures is 0.17 (i.e., Average diversification). The correlation of Aama 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.

Aama Income Correlation With Market

Good diversification

The correlation between Aama Income Fund and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aama 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 Aama 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 gross domestic product.

Moving together with Aama Mutual Fund

0.62	AMFEX	Aama Equity Fund	Pair Corr
0.61	FPURX	Fidelity Puritan	Pair Corr
0.8	AGIVX	Invesco Government	Pair Corr
0.61	SPXUX	Wisdomtree Digital Trust	Pair Corr

Related Correlations Analysis

	MFTFX	REVIX	PACEX	BOGSX	EMSLX	BXECX	DODEX	ABNTX
MFTFX		-0.41	-0.34	-0.47	-0.32	0.23	-0.43	0.63	MFTFX
REVIX	-0.41		0.87	0.48	0.97	0.62	0.99	0.23	REVIX
PACEX	-0.34	0.87		0.4	0.82	0.76	0.89	0.35	PACEX
BOGSX	-0.47	0.48	0.4		0.45	0.09	0.52	-0.34	BOGSX
EMSLX	-0.32	0.97	0.82	0.45		0.64	0.96	0.29	EMSLX
BXECX	0.23	0.62	0.76	0.09	0.64		0.63	0.8	BXECX
DODEX	-0.43	0.99	0.89	0.52	0.96	0.63		0.21	DODEX
ABNTX	0.63	0.23	0.35	-0.34	0.29	0.8	0.21		ABNTX
	MFTFX	REVIX	PACEX	BOGSX	EMSLX	BXECX	DODEX	ABNTX

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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

DODEX	+ 0.99	REVIX
EMSLX	+ 0.97	REVIX
DODEX	+ 0.96	EMSLX
DODEX	+ 0.89	PACEX
PACEX	+ 0.87	REVIX
EMSLX	+ 0.82	PACEX

High negative correlations

BOGSX	- 0.47	MFTFX
DODEX	- 0.43	MFTFX
REVIX	- 0.41	MFTFX
ABNTX	- 0.34	BOGSX
PACEX	- 0.34	MFTFX
EMSLX	- 0.32	MFTFX

Risk-Adjusted Indicators

There is a big difference between Aama Mutual Fund performing well and Aama 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 Aama 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
MFTFX	0.98	(0.15)	0.00	(0.09)	0.00	0.00	1.70	(1.95)	5.42
REVIX	0.73	0.01	(0.12)	0.00	0.87	(0.87)	1.44	(1.71)	5.60
PACEX	0.12	0.00	(0.69)	0.31	0.00	(0.22)	0.32	(0.22)	0.97
BOGSX	0.96	(0.12)	(0.05)	0.03	1.39	(0.95)	1.88	(2.25)	5.68
EMSLX	0.72	(0.03)	0.00	(1.35)	0.00	0.00	1.76	(1.08)	6.36
BXECX	0.26	(0.02)	(0.36)	(0.03)	0.26	(0.38)	0.65	(0.40)	1.45
DODEX	0.67	0.02	(0.11)	(0.07)	0.88	(0.74)	1.44	(1.90)	5.43
ABNTX	0.14	(0.01)	(0.49)	(0.75)	0.19	(0.17)	0.29	(0.30)	0.88

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