Amana Developing Correlations

AMIDX Fund

USD 17.29 0.40 2.37%

The current 90-days correlation between Amana Developing World and William Blair Emerging is 0.67 (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 0.87 (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 american community survey.

Moving together with Amana Mutual Fund

1.0	AMDWX	Amana Developing World	Pair Corr
0.62	AMIGX	Amana Growth	Pair Corr
0.94	AMINX	Amana Income	Pair Corr
0.87	AMIPX	Amana Participation	Pair Corr
0.94	AMANX	Amana Income	Pair Corr
0.88	AMAPX	Amana Participation	Pair Corr
0.61	AMAGX	Amana Growth	Pair Corr
0.93	VEMAX	Vanguard Emerging Markets	Pair Corr
0.93	VEIEX	Vanguard Emerging Markets	Pair Corr
0.93	VEMIX	Vanguard Emerging Markets	Pair Corr
0.93	VEMRX	Vanguard Emerging Markets	Pair Corr
0.97	NEWFX	New World Fund	Pair Corr
0.97	NWFFX	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
0.94	FSMMX	Fs Multi Strategy	Pair Corr
0.98	BTMPX	Ishares Msci Eafe	Pair Corr
0.98	BTMKX	Blackrock International	Pair Corr
0.98	MDIIX	Blackrock Intern Index	Pair Corr
0.87	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.87	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.95	JHODX	Jhancock 2070 Lifetime	Pair Corr
0.85	SUWCX	Deutsche E Equity	Pair Corr
0.92	EVGRX	Evaluator Growth Rms	Pair Corr
0.95	DNEMX	Dunham Emerging Markets	Pair Corr
0.97	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.87	VDSYX	Victory Diversified Stock	Pair Corr
0.96	UNWPX	World Precious Minerals	Pair Corr
0.98	FAPYX	Fidelity Greenwood Street	Pair Corr
0.95	AAAZX	Deutsche Real Assets	Pair Corr
0.95	JCLCX	Multimanager Lifestyle	Pair Corr
0.95	AAAPX	Deutsche Real Assets	Pair Corr
0.94	HRSRX	Hood River Small	Pair Corr
0.82	CIPMX	Champlain Mid Cap	Pair Corr

Moving against Amana Mutual Fund

0.66

ODVYX

Oppenheimer Developing

Pair Corr

Related Correlations Analysis

	AMDWX	ICPAX	JNVSX	LPDAX	MECDX	WSBFX	FLRUX	ASQIX	WELNX
AMDWX		0.77	0.59	0.94	0.84	0.89	0.93	0.93	0.85	AMDWX
ICPAX	0.77		0.29	0.68	0.47	0.45	0.57	0.57	0.77	ICPAX
JNVSX	0.59	0.29		0.54	0.67	0.66	0.64	0.66	0.21	JNVSX
LPDAX	0.94	0.68	0.54		0.88	0.87	0.94	0.94	0.83	LPDAX
MECDX	0.84	0.47	0.67	0.88		0.88	0.91	0.94	0.57	MECDX
WSBFX	0.89	0.45	0.66	0.87	0.88		0.95	0.94	0.63	WSBFX
FLRUX	0.93	0.57	0.64	0.94	0.91	0.95		0.97	0.71	FLRUX
ASQIX	0.93	0.57	0.66	0.94	0.94	0.94	0.97		0.69	ASQIX
WELNX	0.85	0.77	0.21	0.83	0.57	0.63	0.71	0.69		WELNX
	AMDWX	ICPAX	JNVSX	LPDAX	MECDX	WSBFX	FLRUX	ASQIX	WELNX

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
AMDWX	0.74	0.18	0.13	0.35	0.77	(0.78)	1.73	(1.46)	5.21
ICPAX	0.86	0.12	0.07	0.27	0.99	(0.90)	1.86	(1.96)	4.01
JNVSX	0.81	0.21	0.19	0.98	0.44	(1.13)	1.70	(1.18)	13.63
LPDAX	0.61	(0.02)	(0.04)	0.06	0.85	(0.58)	1.14	(1.33)	3.25
MECDX	0.75	0.11	0.12	0.23	0.52	(0.90)	1.32	(1.11)	10.45
WSBFX	0.46	0.12	0.14	0.41	0.10	(0.57)	0.90	(0.57)	8.26
FLRUX	0.25	0.01	(0.12)	0.12	0.14	(0.31)	0.55	(0.41)	2.12
ASQIX	0.88	0.08	0.08	0.15	0.86	(0.98)	2.25	(1.67)	4.61
WELNX	0.70	(0.01)	(0.05)	0.06	0.99	(0.66)	1.62	(1.62)	4.18

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