Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUAX Fund  USD 9.34  0.03  0.32%   
The current 90-days correlation between Aam Select Income and Gabelli Global Financial is 0.17 (i.e., Average 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 0.74 (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

  0.82ASDIX Aamhimco Short DurationPairCorr
  0.81ASDAX Aamhimco Short DurationPairCorr
  0.82ASDCX Aamhimco Short DurationPairCorr
  0.97CPUCX Aam Select IncomePairCorr
  0.98CPUIX Aam Select IncomePairCorr
  0.91VICSX Vanguard Intermediate-terPairCorr
  0.86VFICX Vanguard IntermediatePairCorr
  0.86VFIDX Vanguard IntermediatePairCorr
  0.85VICBX Vanguard Intermediate-terPairCorr
  0.94PBDAX Investment Grade PoratePairCorr
  0.9PBDCX Investment Grade PoratePairCorr
  0.92PCNNX Pimco Investment GradePairCorr
  0.93PBDPX Pimco Investment GradePairCorr
  0.91PIGIX Investment Grade PoratePairCorr
  0.91PGCAX Investment Grade PoratePairCorr
  0.72NHS Neuberger Berman HighPairCorr
  0.77GWPDX American Funds GrowthPairCorr
  0.74BGEPX Baillie Gifford EmergingPairCorr
  0.8TSLTX Transamerica Small CapPairCorr
  0.77ACYTX California Intermediate-terPairCorr
  0.87MARMX Mutual Of AmericaPairCorr
  0.74WBIIX William Blair InstitPairCorr
  0.67AASOX Alger Small CapPairCorr
  0.86PMDRX Moderate DurationPairCorr
  0.7BRSTX Mfs Blended ResearchPairCorr
  0.85SWYLX Schwab Target 2020PairCorr
  0.79JASBX Janus Short TermPairCorr
  0.76BDSAX Blackrock Advantage SmallPairCorr
  0.73GCTCX Goldman Sachs Tax Potential GrowthPairCorr
  0.75RIGCX Victory Rs InternationalPairCorr
  0.79GGSYX Grandeur Peak GlobalPairCorr
  0.86FTIWX Fidelity Asset ManagerPairCorr
  0.79BCSAX Blackrock CommodityPairCorr
  0.77TVRRX Thornburg ValuePairCorr
  0.69USGRX Growth IncomePairCorr
  0.76ATBYX 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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