Cm Modity Correlations

Mutual Funds . USA . 
Fund . Cm Modity Index
COMIX Fund  USD 68.89  0.24  0.35%   
The current 90-days correlation between Cm Modity Index and Gabelli Gold Fund is 0.44 (i.e., Very weak diversification). 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

Weak diversification

The correlation between Cm Modity Index and DJI is 0.34 (i.e., Weak 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

  0.85EMRIX Emerging MarketsPairCorr
  0.72INIYX International InvestorsPairCorr
  0.85GHAIX Global Hard AssetsPairCorr
  0.85GHAYX Global Hard AssetsPairCorr
  0.85GHAAX Global Hard AssetsPairCorr
  1.0CMCAX Cm Modity IndexPairCorr
  0.8MWMIX Vaneck Morningstar WidePairCorr
  0.8MWMZX Vaneck Morningstar WidePairCorr
  0.71IIGCX International InvestorsPairCorr
  0.85GBFAX Emerging MarketsPairCorr
  0.95PCRIX CommodityrealreturnPairCorr
  0.95PCRRX CommodityrealreturnPairCorr
  0.95PCRPX Pimco ModityrealreturnPairCorr
  0.95PCSRX CommodityrealreturnPairCorr
  0.96PCLAX Pimco CommoditiesplusPairCorr
  0.95PCPCX Pimco CommoditiesplusPairCorr
  0.87FIFGX Fidelity Sai InflatiPairCorr
  0.95PCRAX CommodityrealreturnPairCorr
  0.95PCRCX CommodityrealreturnPairCorr
  0.8FSDAX Defense And AerospacePairCorr
  0.67PRAPX Pimco Total ReturnPairCorr
  0.74TMPIX Touchstone Mid CapPairCorr
  0.85FSLVX Fidelity Stock SelectorPairCorr
  0.8CBUZX Columbia Income BuilderPairCorr

Moving against COMIX Mutual Fund

  0.76UIPIX Ultrashort Mid CapPairCorr
  0.62CESGX Coho Relative ValuePairCorr
  0.55USPSX Profunds UltrashortPairCorr
  0.54USPIX Profunds UltrashortPairCorr
  0.46TCTGX Transamerica CleartrackPairCorr
  0.46TCTJX Transamerica CleartrackPairCorr
  0.46TCSUX Cleartrack 2020 ClassPairCorr
  0.45TDKTX Cleartrack 2015 ClassPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between COMIX 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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