Amana Income Correlations

AMINX Fund

USD 65.07 0.42 0.65%

The current 90-days correlation between Amana Income and Amana Growth Fund is 0.88 (i.e., Very poor diversification). The correlation of Amana 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.

Amana Income Correlation With Market

Average diversification

The correlation between Amana Income Fund and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana 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 Amana 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 board of governors.

Moving together with Amana Mutual Fund

0.67	AMDWX	Amana Developing World	Pair Corr
0.91	AMIGX	Amana Growth	Pair Corr
0.66	AMIDX	Amana Developing World	Pair Corr
1.0	AMANX	Amana Income	Pair Corr
0.66	AMAPX	Amana Participation	Pair Corr
0.91	AMAGX	Amana Growth	Pair Corr
0.62	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	SMPSX	Semiconductor Ultrasector	Pair Corr
0.63	RSNYX	Victory Global Natural	Pair Corr
0.64	RSNRX	Victory Global Natural	Pair Corr
0.91	RMQAX	Monthly Rebalance	Pair Corr
0.9	RMQHX	Monthly Rebalance	Pair Corr
0.64	JQLBX	Multimanager Lifestyle	Pair Corr
0.62	MSTGX	Morningstar Global Income	Pair Corr

Moving against Amana Mutual Fund

0.7	ACTVX	Zero Pon 2025	Pair Corr
0.84	JSORX	Jpmorgan Strategic Income	Pair Corr
0.6	SDGFX	Sdit Short Duration	Pair Corr

Related Correlations Analysis

	AMIGX	AMDWX	AMIDX	AMANX	AMIPX
AMIGX		0.54	0.54	0.91	0.64	AMIGX
AMDWX	0.54		1.0	0.67	0.2	AMDWX
AMIDX	0.54	1.0		0.66	0.2	AMIDX
AMANX	0.91	0.67	0.66		0.55	AMANX
AMIPX	0.64	0.2	0.2	0.55		AMIPX
	AMIGX	AMDWX	AMIDX	AMANX	AMIPX

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Risk-Adjusted Indicators

There is a big difference between Amana Mutual Fund performing well and Amana 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 Amana 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
AMIGX	0.77	(0.07)	0.00	(0.26)	0.00	0.00	1.25	(1.98)	5.65
AMDWX	0.60	(0.11)	0.00	(0.23)	0.00	0.00	1.05	(1.37)	4.58
AMIDX	0.60	(0.10)	0.00	(0.23)	0.00	0.00	1.01	(1.36)	4.55
AMANX	0.62	(0.11)	0.00	(0.55)	0.00	0.00	1.05	(1.46)	6.19
AMIPX	0.06	(0.01)	(0.73)	(0.46)	0.04	(0.15)	0.21	(0.10)	0.51

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