Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUAX Fund  USD 9.38  0.03  0.32%   
The current 90-days correlation between Aam Select Income and Aam Select Income is 0.02 (i.e., Significant diversification). The correlation of Aam Select 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.

Aam Select Correlation With Market

Poor diversification

The correlation between Aam Select Income and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aam Select Income 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 Aam Select Income. 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 nation.

Moving together with Aam Mutual Fund

  0.8ASDIX Aamhimco Short DurationPairCorr
  0.83ASDAX Aamhimco Short DurationPairCorr
  0.8ASDCX Aamhimco Short DurationPairCorr
  0.84CPUCX Aam Select IncomePairCorr
  0.87CPUIX Aam Select IncomePairCorr
  0.82VICSX Vanguard Intermediate-terPairCorr
  0.8VFICX Vanguard IntermediatePairCorr
  0.8VFIDX Vanguard IntermediatePairCorr
  0.72VICBX Vanguard Intermediate-terPairCorr
  0.95PBDAX Investment Grade PoratePairCorr
  0.92PBDCX Investment Grade PoratePairCorr
  0.84PCNNX Pimco Investment GradePairCorr
  0.84PBDPX Pimco Investment GradePairCorr
  0.83PIGIX Investment Grade PoratePairCorr
  0.82PGCAX Investment Grade PoratePairCorr
  0.76NHS Neuberger Berman HighPairCorr
  0.77GWPDX American Funds GrowthPairCorr
  0.79BGEPX Baillie Gifford EmergingPairCorr
  0.82TSLTX Transamerica Small CapPairCorr
  0.8ACYTX California Intermediate-terPairCorr
  0.86MARMX Mutual Of AmericaPairCorr
  0.75WBIIX William Blair InstitPairCorr
  0.82PMDRX Moderate DurationPairCorr
  0.71BRSTX Mfs Blended ResearchPairCorr
  0.86SWYLX Schwab Target 2020PairCorr
  0.81JASBX Janus Short TermPairCorr
  0.76BDSAX Blackrock Advantage SmallPairCorr
  0.79GCTCX Goldman Sachs TaxPairCorr
  0.79RIGCX Victory Rs InternationalPairCorr
  0.85GGSYX Grandeur Peak GlobalPairCorr
  0.86FTIWX Fidelity Asset ManagerPairCorr
  0.8BCSAX Blackrock CommodityPairCorr
  0.8TVRRX Thornburg ValuePairCorr
  0.69USGRX Growth IncomePairCorr
  0.79ATBYX Intermediate Term TaxPairCorr
  0.62FNGAX Franklin InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Aam Mutual Fund performing well and Aam Select 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 Aam Select'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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