Aama Income Correlations

Mutual Funds . USA . 
Fund . Aama Income Fund
AMFIX Fund  USD 24.28  0.01  0.04%   
The current 90-days correlation between Aama Income Fund and Blackrock Health Sciences is 0.21 (i.e., Modest 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

Significant diversification

The correlation between Aama Income Fund and DJI is 0.02 (i.e., Significant 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

  0.61DODIX Dodge IncomePairCorr
  0.72PTTPX Pimco Total ReturnPairCorr
  0.72PTRRX Total ReturnPairCorr
  0.72PTRAX Total ReturnPairCorr
  0.77PTTRX Total ReturnPairCorr
  0.81GAAKX Gmo Alternative AlloPairCorr
  0.77GAAGX Gmo Alternative AlloPairCorr
  0.76PQTAX Pimco Trends ManagedPairCorr
  0.77PQTNX Pimco Trends ManagedPairCorr
  0.77PQTIX Aa Pimco TrPairCorr
  0.73CLM Cornerstone StrategicPairCorr
  0.74LBHIX Thrivent High YieldPairCorr
  0.81FCISX Franklin IncomePairCorr
  0.75VPMAX Vanguard PrimecapPairCorr
  0.71VGIAX Vanguard Growth AndPairCorr
  0.74FEDTX Fidelity Emerging MarketsPairCorr
  0.81VDIGX Vanguard Dividend GrowthPairCorr
  0.66DLHRX Dreyfus High YieldPairCorr
  0.66TCQPX Tiaa Cref LifecyclePairCorr
  0.79DAGVX Dreyfus Strategic ValuePairCorr
  0.82HSCYX Hartford SmallPairCorr
  0.79GIJAX Guggenheim MunicipalPairCorr
  0.76GGSTX Goldman Sachs GrowthPairCorr
  0.7EGINX Invesco European GrowthPairCorr
  0.71FSMNX Fidelity Sai MunicipalPairCorr
  0.61DODBX Dodge BalancedPairCorr
  0.82LTNCX Oppenheimer RochesterPairCorr
  0.7PEVAX Pace Smallmedium ValuePairCorr

Related Correlations Analysis


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.

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