Cm Modity Correlations

Mutual Funds . USA . 
Fund . Cm Modity Index
CMCYX Fund  USD 70.24  0.36  0.51%   
The correlation of Cm Modity 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.

Cm Modity Correlation With Market

Poor diversification

The correlation between Cm Modity Index and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cm Modity Index 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 Cm Modity Index. 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 private.

Moving together with CMCYX Mutual Fund

  0.93EMRIX Emerging MarketsPairCorr
  0.93EMRZX Vaneck Emerging MarketsPairCorr
  0.95EMRYX Emerging MarketsPairCorr
  0.89INIVX International InvestorsPairCorr
  0.84INIYX International InvestorsPairCorr
  0.84INIIX International InvestorsPairCorr
  0.92GHAIX Global Hard AssetsPairCorr
  0.92GHAYX Global Hard AssetsPairCorr
  0.95GHAAX Global Hard AssetsPairCorr
  1.0CMCAX Cm Modity IndexPairCorr
  1.0COMIX Cm Modity IndexPairCorr
  0.84IIGCX International InvestorsPairCorr
  0.95GBFAX Emerging MarketsPairCorr
  0.98PCRIX CommodityrealreturnPairCorr
  0.98PCRRX CommodityrealreturnPairCorr
  0.94PCRPX Pimco ModityrealreturnPairCorr
  0.98PCSRX CommodityrealreturnPairCorr
  0.91FIFGX Fidelity Sai InflatiPairCorr
  0.99PCLAX Pimco CommoditiesplusPairCorr
  0.94PCLNX Pimco CommoditiesplusPairCorr
  0.98PCRAX CommodityrealreturnPairCorr
  0.98PCRCX CommodityrealreturnPairCorr
  0.82SMPIX Semiconductor UltrasectorPairCorr
  0.81SMPSX Semiconductor UltrasectorPairCorr
  0.84PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.89PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.85FGADX Franklin Gold PreciousPairCorr
  0.89OCMGX Ocm Mutual FundPairCorr
  0.83FKRCX Franklin Gold PreciousPairCorr
  0.85OCMAX Ocm Mutual FundPairCorr
  0.88EKWCX Wells Fargo AdvantagePairCorr
  0.85ETCMX Eventide Multi AssetPairCorr
  0.93MKILX Blackrock InternationalPairCorr
  0.89FHAQX Fidelity Freedom BlendPairCorr
  0.9BBINX Bbh Intermediate MunPairCorr
  0.84GVCCX Gabelli ValuePairCorr
  0.84DBLGX Doubleline Global BondPairCorr
  0.82FHIRX Franklin High IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between CMCYX Mutual Fund performing well and Cm Modity 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 Cm Modity'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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