Cm Commodity Correlations

Mutual Funds . USA . 
Fund . Cm Modity Index
COMIX Fund  USD 73.13  0.80  1.11%   
The current 90-days correlation between Cm Modity Index and Nuveen Ohio Municipal is 0.16 (i.e., Average diversification). 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

  0.94EMRIX Emerging MarketsPairCorr
  0.94EMRZX Vaneck Emerging MarketsPairCorr
  0.94EMRYX Emerging MarketsPairCorr
  0.94INIVX International Investors Steady GrowthPairCorr
  0.9INIYX International Investors Steady GrowthPairCorr
  0.9INIIX International Investors Steady GrowthPairCorr
  0.94GHAIX Global Hard AssetsPairCorr
  0.94GHAYX Global Hard AssetsPairCorr
  0.94GHAAX Global Hard AssetsPairCorr
  0.96CMCAX Cm Modity IndexPairCorr
  1.0CMCYX Cm Modity IndexPairCorr
  0.76MWMIX Vaneck Morningstar WidePairCorr
  0.76MWMZX Vaneck Morningstar WidePairCorr
  0.89IIGCX International Investors Steady GrowthPairCorr
  0.94GBFAX Emerging MarketsPairCorr
  0.95PCRIX CommodityrealreturnPairCorr
  0.95PCRRX CommodityrealreturnPairCorr
  0.95PCRPX Pimco ModityrealreturnPairCorr
  0.95PCSRX CommodityrealreturnPairCorr
  0.95PCLAX Pimco CommoditiesplusPairCorr
  0.94PCPCX Pimco CommoditiesplusPairCorr
  0.95PCLNX Pimco CommoditiesplusPairCorr
  0.93FIFGX Fidelity Sai Inflati Steady GrowthPairCorr
  0.95PCRAX CommodityrealreturnPairCorr
  0.94PCRCX CommodityrealreturnPairCorr
  0.82GAAKX Gmo Alternative AlloPairCorr
  0.81GAAGX Gmo Alternative AlloPairCorr
  0.94GPMFX Guidepath Managed FuturesPairCorr
  0.94PQTAX Pimco Trends ManagedPairCorr
  0.96PQTNX Pimco Trends ManagedPairCorr
  0.94PQTIX Aa Pimco TrPairCorr
  0.95WARCX Wells Fargo AdvantagePairCorr
  0.86JUCIX Janus Global UnconstPairCorr
  0.77ARIDX Amg River RoadPairCorr
  0.79SEHAX Siit Equity FactorPairCorr
  0.93JEVIX John Hancock FundsPairCorr
  0.89CPGAX American Funds GlobalPairCorr
  0.76GIBAX Guggenheim Total ReturnPairCorr

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.

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