Amana Income Correlations

AMINX Fund

USD 73.58 1.65 2.29%

The current 90-days correlation between Amana Income and Gabelli Dividend Income is 0.64 (i.e., 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

Very poor diversification

The correlation between Amana Income Fund and DJI is 0.88 (i.e., Very poor 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 state.

Moving together with Amana Mutual Fund

0.94	AMDWX	Amana Developing World	Pair Corr
0.94	AMIDX	Amana Developing World	Pair Corr
0.91	AMIPX	Amana Participation	Pair Corr
1.0	AMANX	Amana Income	Pair Corr
0.91	AMAPX	Amana Participation	Pair Corr
0.81	VTSAX	Vanguard Total Stock	Pair Corr
0.79	VFIAX	Vanguard 500 Index	Pair Corr
0.81	VTSMX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.81	VSMPX	Vanguard Total Stock	Pair Corr
0.81	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VFINX	Vanguard 500 Index	Pair Corr
0.79	VFFSX	Vanguard 500 Index	Pair Corr
0.79	VINIX	Vanguard Institutional	Pair Corr
0.79	VIIIX	Vanguard Institutional	Pair Corr
0.87	SMPIX	Semiconductor Ultrasector	Pair Corr
0.91	SMPSX	Semiconductor Ultrasector	Pair Corr
0.9	RSNRX	Victory Global Natural	Pair Corr
0.9	RSNYX	Victory Global Natural	Pair Corr
0.9	RGNCX	Victory Global Natural	Pair Corr
0.79	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.79	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.79	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.79	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.88	PMPIX	Precious Metals Ultr	Pair Corr
0.94	LSVEX	Lsv Value Equity	Pair Corr
0.9	FSHYX	Nuveen Short Term	Pair Corr
0.93	JIBRX	Lifestyle Ii Balanced	Pair Corr
0.77	WESJX	William Blair Emerging	Pair Corr
0.9	CATLX	Future Scholar 529	Pair Corr
0.79	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	VTAIX	Virtus Tactical Allo	Pair Corr
0.91	TFHAX	T Rowe Price	Pair Corr
0.87	FHYSX	Federated High Yield	Pair Corr
0.89	ASMYX	Invesco Summit	Pair Corr
0.97	AEPCX	Europacific Growth	Pair Corr
0.93	JMBRX	Jpmorgan Smartretirement*	Pair Corr

Related Correlations Analysis

	AMANX	DGAGX	HISGX	INUTX	FCFWX	DWGFX	TPPAX	HASCX	DIAMX	GDV
AMANX		0.9	0.87	0.93	0.95	0.87	0.96	0.91	0.8	0.97	AMANX
DGAGX	0.9		0.77	0.88	0.81	0.72	0.96	0.8	0.81	0.87	DGAGX
HISGX	0.87	0.77		0.85	0.94	0.86	0.86	0.93	0.75	0.92	HISGX
INUTX	0.93	0.88	0.85		0.92	0.82	0.93	0.96	0.82	0.94	INUTX
FCFWX	0.95	0.81	0.94	0.92		0.93	0.91	0.96	0.79	0.98	FCFWX
DWGFX	0.87	0.72	0.86	0.82	0.93		0.84	0.9	0.57	0.92	DWGFX
TPPAX	0.96	0.96	0.86	0.93	0.91	0.84		0.9	0.82	0.95	TPPAX
HASCX	0.91	0.8	0.93	0.96	0.96	0.9	0.9		0.73	0.96	HASCX
DIAMX	0.8	0.81	0.75	0.82	0.79	0.57	0.82	0.73		0.79	DIAMX
GDV	0.97	0.87	0.92	0.94	0.98	0.92	0.95	0.96	0.79		GDV
	AMANX	DGAGX	HISGX	INUTX	FCFWX	DWGFX	TPPAX	HASCX	DIAMX	GDV

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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
AMANX	0.67	0.13	0.14	0.25	0.47	(0.79)	1.32	(1.12)	7.55
DGAGX	0.94	0.28	0.25	0.90	0.48	(1.15)	1.12	(1.28)	24.62
HISGX	1.03	0.03	0.03	0.10	1.16	(1.18)	2.12	(2.14)	4.62
INUTX	0.64	0.22	0.32	0.34	0.04	(0.79)	1.36	(1.08)	7.63
FCFWX	0.36	0.04	(0.01)	0.16	0.30	(0.41)	0.72	(0.66)	1.97
DWGFX	0.62	0.08	0.05	0.22	0.54	(0.73)	1.68	(1.10)	3.72
TPPAX	0.43	0.12	0.13	0.36	0.02	(0.51)	0.79	(0.70)	6.56
HASCX	0.95	0.22	0.21	0.25	0.70	(1.10)	3.02	(1.65)	5.68
DIAMX	0.34	0.01	(0.11)	0.11	0.31	(0.38)	0.70	(0.65)	1.81
GDV	0.56	0.07	0.06	0.19	0.55	(0.62)	1.22	(1.22)	2.94

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Amana Income Correlations

Amana Income Correlation With Market

Very poor diversification

Moving together with Amana Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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