Cm Commodity Correlations

Mutual Funds . USA . 
Fund . Cm Modity Index
COMIX Fund  USD 70.63  0.35  0.49%   
The current 90-days correlation between Cm Modity Index and Cm Modity Index is 1.0 (i.e., No risk reduction). The correlation of Cm Commodity 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 Commodity 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 gross domestic product.

Moving together with COMIX Mutual Fund

  0.7EMRIX Emerging MarketsPairCorr
  0.7EMRZX Vaneck Emerging MarketsPairCorr
  0.95EMRYX Emerging MarketsPairCorr
  0.89INIVX International Investors Steady GrowthPairCorr
  0.84INIYX International InvestorsPairCorr
  0.89INIIX International InvestorsPairCorr
  0.7GHAIX Global Hard AssetsPairCorr
  0.7GHAYX Global Hard AssetsPairCorr
  0.95GHAAX Global Hard AssetsPairCorr
  1.0CMCAX Cm Modity IndexPairCorr
  1.0CMCYX Cm Modity IndexPairCorr
  0.78MWMIX Vaneck Morningstar WidePairCorr
  0.78MWMZX Vaneck Morningstar WidePairCorr
  0.65IIGCX International InvestorsPairCorr
  0.95GBFAX Emerging MarketsPairCorr
  0.98PCRIX CommodityrealreturnPairCorr
  0.98PCRRX CommodityrealreturnPairCorr
  0.98PCRPX Pimco ModityrealreturnPairCorr
  0.98PCSRX CommodityrealreturnPairCorr
  0.91FIFGX Fidelity Sai InflatiPairCorr
  0.93PCLAX Pimco CommoditiesplusPairCorr
  0.99PCPCX Pimco CommoditiesplusPairCorr
  0.99PCLNX Pimco CommoditiesplusPairCorr
  0.76PCRAX 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 Precious Steady GrowthPairCorr
  0.85OCMAX Ocm Mutual FundPairCorr
  0.69EKWCX Wells Fargo AdvantagePairCorr
  0.85ETCMX Eventide Multi AssetPairCorr
  0.68MKILX Blackrock InternationalPairCorr
  0.67FHAQX Fidelity Freedom BlendPairCorr
  0.9BBINX Bbh Intermediate MunPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between COMIX Mutual Fund performing well and Cm Commodity 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 Commodity'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMRIX  0.70  0.08  0.07  0.21  0.62 
(0.86)
 1.36 
(1.27)
 3.98 
EMRZX  0.71  0.08  0.06  0.22  0.63 
(0.86)
 1.31 
(1.30)
 3.98 
EMRYX  0.71  0.13  0.07  1.17  0.62 
(0.83)
 1.86 
(1.26)
 3.94 
INIVX  2.05  0.73  0.18 (2.34) 2.63 
(2.16)
 5.08 
(4.13)
 18.45 
INIYX  2.01  0.58  0.17  0.59  2.62 
(2.15)
 5.10 
(4.10)
 18.45 
INIIX  2.05  0.73  0.18 (2.35) 2.62 
(2.21)
 5.12 
(4.09)
 18.45 
GHAIX  1.07  0.26  0.13  0.41  1.33 
(1.10)
 2.18 
(1.50)
 7.04 
GHAYX  1.07  0.26  0.13  0.41  1.33 
(1.10)
 2.19 
(1.48)
 7.05 
GHAAX  1.06  0.32  0.13 (6.73) 1.40 
(1.07)
 2.04 
(2.07)
 7.01 
CMCAX  0.61  0.09  0.01  1.22  0.80 
(0.63)
 1.27 
(0.98)
 4.44 

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