Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund Of
CIMFX Fund  USD 26.11  0.10  0.38%   
The current 90-days correlation between Income Fund and Science Technology Fund is 0.65 (i.e., Poor diversification). The correlation of Income Fund 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.

Income Fund Correlation With Market

Very poor diversification

The correlation between Income Fund Of and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Of 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 Income Fund Of. 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 census.

Moving together with Income Mutual Fund

  1.0AMECX Income FundPairCorr
  0.9AMFCX American MutualPairCorr
  0.9AMFFX American MutualPairCorr
  0.89RNCCX American Funds IncomePairCorr
  1.0AMEFX Income FundPairCorr
  0.86RNGGX New Economy FundPairCorr
  0.92RNGFX New Economy FundPairCorr
  0.86RNGHX New Economy FundPairCorr
  0.92RNGBX New Economy FundPairCorr
  0.92RNGAX New Economy FundPairCorr
  0.92RNGEX New Economy FundPairCorr
  0.92RNGCX New Economy FundPairCorr
  0.84FPTPX American Funds ConsePairCorr
  0.92RNNEX New Economy FundPairCorr
  0.96CDJAX American Funds CollegePairCorr
  0.91AMPCX Amcap Fund ClassPairCorr
  0.91AMPFX Amcap Fund ClassPairCorr
  0.93RNPBX New PerspectivePairCorr
  0.93RNPAX New PerspectivePairCorr
  0.87RNPHX New PerspectivePairCorr
  0.94RNPGX New PerspectivePairCorr
  0.93RNPCX New PerspectivePairCorr
  0.94RNPFX New PerspectivePairCorr
  0.94RNPEX New PerspectivePairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMRFX American MutualPairCorr
  0.82RNRPX American Funds RetirementPairCorr
  0.62RNWFX New World FundPairCorr

Moving against Income Mutual Fund

  0.48AMUSX Us Government SecuritiesPairCorr
  0.45ANBEX American Funds StrategicPairCorr
  0.45ANBAX American Funds StrategicPairCorr
  0.45ANBCX American Funds StrategicPairCorr
  0.44ANBGX American Funds StrategicPairCorr
  0.44ANBFX American Funds StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income Fund 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 Income Fund'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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