Aama Income Correlations

AMFIX Fund

USD 24.27 0.01 0.04%

The current 90-days correlation between Aama Income Fund and Sit Government Securities is 0.66 (i.e., Poor 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 -0.01 (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

0.63	PTTRX	Total Return	Pair Corr
0.63	NMAVX	Nuance Mid Cap	Pair Corr
0.8	VHYAX	Vanguard High Dividend	Pair Corr
0.74	HFARX	Janus Henderson Strategic	Pair Corr
0.75	WWICX	Westwood Income Oppo	Pair Corr
0.75	HMVSX	Hartford Midcap	Pair Corr
0.63	OSTGX	Osterweis Emerging	Pair Corr
0.68	DEVDX	Driehaus Event Driven	Pair Corr
0.87	FTZAX	Fuller Thaler Behavioral	Pair Corr
0.79	JAFDX	Jafdx	Pair Corr
0.81	WEFIX	Short Duration Income	Pair Corr
0.77	MPHLX	Massmutual Premier High	Pair Corr
0.86	UUSIX	Ultra Short Term	Pair Corr
0.78	SFLNX	Schwab Fundamental Large	Pair Corr

Moving against Aama Mutual Fund

0.76	XNXJX	Nuveen New Jersey	Pair Corr
0.47	XDSMX	Dreyfus Strategic	Pair Corr
0.64	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	SNGYX	GGTPX	CGTFX	SIGVX	SSAGX	SMAAX	GVTFX
SNGYX		0.85	0.88	0.72	0.72	0.75	0.91	SNGYX
GGTPX	0.85		0.97	0.35	0.35	0.56	0.96	GGTPX
CGTFX	0.88	0.97		0.45	0.44	0.56	0.99	CGTFX
SIGVX	0.72	0.35	0.45		0.99	0.8	0.53	SIGVX
SSAGX	0.72	0.35	0.44	0.99		0.81	0.53	SSAGX
SMAAX	0.75	0.56	0.56	0.8	0.81		0.64	SMAAX
GVTFX	0.91	0.96	0.99	0.53	0.53	0.64		GVTFX
	SNGYX	GGTPX	CGTFX	SIGVX	SSAGX	SMAAX	GVTFX

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
SNGYX	0.12	0.00	(0.42)	(0.99)	0.08	(0.17)	0.29	(0.29)	0.87
GGTPX	0.15	0.00	(0.32)	(0.11)	0.16	(0.17)	0.30	(0.30)	1.06
CGTFX	0.13	0.00	(0.38)	(0.81)	0.13	(0.16)	0.25	(0.25)	0.91
SIGVX	0.06	0.00	(0.66)	(0.81)	0.00	(0.13)	0.10	(0.10)	0.51
SSAGX	0.04	0.01	0.00	(1.52)	0.00	0.00	0.10	(0.10)	0.51
SMAAX	0.06	0.01	(0.66)	0.76	0.00	(0.12)	0.19	(0.10)	0.29
GVTFX	0.13	0.00	(0.37)	0.01	0.12	(0.17)	0.33	(0.25)	0.91

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