Income Fund Correlations

Mutual Funds USA . 
Fund . Income Fund Class
CMPIX Fund  USD 8.79  0.01  0.11%   
The current 90-days correlation between Income Fund Class and Dunham High Yield is -0.12 (i.e., Good 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

Poor diversification

The correlation between Income Fund Class and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Class 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 Class. 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 gross domestic product.

Moving together with Income Mutual Fund

  0.63SABPX Strategic Asset ManaPairCorr
  0.63SACAX Strategic Asset ManaPairCorr
  0.62SAGPX Strategic Asset ManaPairCorr
  0.82PFIJX Strategic Asset ManaPairCorr
  0.82PFIEX International EquityPairCorr
  0.84PFIFX Strategic Asset ManaPairCorr
  0.79PFISX International Small PanyPairCorr
  0.84PFIPX Strategic Asset ManaPairCorr
  0.66SAIPX Strategic Asset ManaPairCorr
  0.92PFRSX Real Estate SecuritiesPairCorr
  0.82SAUPX Strategic Asset ManaPairCorr
  0.81PFUMX Finisterre UnconstrainedPairCorr
  0.9PGDRX Diversified Real AssetPairCorr
  0.69PGLSX Global Multi StrategyPairCorr
  0.89STCCX Short Term IncomePairCorr
  0.96PGRUX Global Real EstatePairCorr
  0.92PGSLX Principal Global SusPairCorr
  0.96PGRKX Global Real EstatePairCorr
  0.63SCBPX Strategic Asset ManaPairCorr
  0.66SCIPX Strategic Asset ManaPairCorr
  0.61SCGPX Strategic Asset ManaPairCorr
  0.7PHJEX Principal Lifetime HybridPairCorr
  0.75PHJFX Principal Lifetime HybridPairCorr
  0.68PHJGX Principal Lifetime HybridPairCorr
  0.67PHJBX Principal Lifetime HybridPairCorr
  0.68PHJDX Principal Lifetime HybridPairCorr
  0.72PHJNX Principal Lifetime HybridPairCorr
  0.73PHJQX Principal Lifetime HybridPairCorr
  0.71PHJJX Principal Lifetime HybridPairCorr
  0.75PHJMX Principal Lifetime HybridPairCorr
  0.68PHJYX Principal Lifetime HybridPairCorr

Related Correlations Analysis


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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