Aam Select Correlations

CPUAX Fund

USD 9.12 0.01 0.11%

The current 90-days correlation between Aam Select Income and Lord Abbett Short is 0.09 (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

Good diversification

The correlation between Aam Select Income and DJI is -0.01 (i.e., Good 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

0.73	AFNIX	Aambahl Gaynor Income	Pair Corr
0.73	AFNAX	Aambahl Gaynor Income	Pair Corr
0.65	AFYCX	Aambahl Gaynor Income	Pair Corr
0.92	CPUCX	Aam Select Income	Pair Corr
1.0	CPUYX	Aaminsight Select Income	Pair Corr
0.92	CPUIX	Aam Select Income	Pair Corr
0.82	VICSX	Vanguard Intermediate-ter	Pair Corr
0.82	VFICX	Vanguard Intermediate-ter	Pair Corr
0.9	VFIDX	Vanguard Intermediate-ter	Pair Corr
0.82	VICBX	Vanguard Intermediate	Pair Corr
0.82	PBDPX	Pimco Investment Grade	Pair Corr
0.91	PIGIX	Investment Grade Porate	Pair Corr
0.82	PGCAX	Investment Grade Porate	Pair Corr
0.83	PBDAX	Investment Grade Porate	Pair Corr
0.83	PBDCX	Investment Grade Porate	Pair Corr
0.82	PCNNX	Pimco Investment Grade	Pair Corr
0.64	FPURX	Fidelity Puritan	Pair Corr
0.7	CMOSX	Columbia Moderate 529	Pair Corr

Moving against Aam Mutual Fund

0.72	NTG	Tortoise Mlp Closed	Pair Corr
0.39	UVPSX	Ultrashort Emerging	Pair Corr

Related Correlations Analysis

	LSYFX	TIYRX	RIMOX	SHYIX	NHIEX	SGYAX
LSYFX		0.83	0.45	0.53	0.8	0.66	LSYFX
TIYRX	0.83		0.43	0.42	0.99	0.5	TIYRX
RIMOX	0.45	0.43		0.69	0.44	0.77	RIMOX
SHYIX	0.53	0.42	0.69		0.46	0.89	SHYIX
NHIEX	0.8	0.99	0.44	0.46		0.51	NHIEX
SGYAX	0.66	0.5	0.77	0.89	0.51		SGYAX
	LSYFX	TIYRX	RIMOX	SHYIX	NHIEX	SGYAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LSYFX	0.14	0.01	(0.25)	0.30	(0.22)	0.41	(0.20)	1.43
TIYRX	0.14	0.02	(0.23)	6.32	(0.20)	0.57	(0.34)	1.14
RIMOX	0.06	0.01	(0.35)	1.04	(0.08)	0.15	(0.10)	0.57
SHYIX	0.13	0.02	(0.28)	3.74	(0.23)	0.50	(0.25)	1.11
NHIEX	0.13	0.01	(0.23)	(10.47)	(0.21)	0.52	(0.26)	1.18
SGYAX	0.15	0.02	(0.24)	0.87	(0.25)	0.56	(0.28)	1.27

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