Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUCX Fund  USD 9.45  0.02  0.21%   
The current 90-days correlation between Aam Select Income and Aamhimco Short Duration is 0.43 (i.e., Very weak 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 0.68 (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 services.

Moving together with Aam Mutual Fund

  0.86ASDIX Aamhimco Short DurationPairCorr
  0.85ASDAX Aamhimco Short DurationPairCorr
  0.86ASDCX Aamhimco Short DurationPairCorr
  0.99CPUAX Aam Select IncomePairCorr
  0.99CPUIX Aam Select IncomePairCorr
  0.98VICSX Vanguard Intermediate-terPairCorr
  0.94VFICX Vanguard IntermediatePairCorr
  0.94VFIDX Vanguard IntermediatePairCorr
  0.98VICBX Vanguard Intermediate-terPairCorr
  0.97PBDAX Investment Grade PoratePairCorr
  0.97PBDCX Investment Grade PoratePairCorr
  0.98PCNNX Pimco Investment GradePairCorr
  0.98PBDPX Pimco Investment GradePairCorr
  0.97PIGIX Investment Grade PoratePairCorr
  0.98PGCAX Investment Grade PoratePairCorr
  0.81NHS Neuberger Berman HighPairCorr
  0.72LGIEX Qs International EquityPairCorr
  0.97GCFIX Goldman Sachs EPairCorr
  0.67RFNFX American Funds FundaPairCorr
  0.73JGERX Jhancock Global EquityPairCorr
  0.87ARYEX Real Estate FundPairCorr
  0.89MXIHX Great-west Inflation-protecPairCorr
  0.67GGPCX American Funds GlobalPairCorr
  0.64ACEIX Invesco Equity AndPairCorr
  0.78PRZIX T Rowe PricePairCorr
  0.85FNJQX Franklin New JerseyPairCorr
  0.71RIDBX Income FundPairCorr
  0.86NEZNX Loomis Sayles StrategicPairCorr
  0.7FCAUX Fidelity Climate ActionPairCorr
  0.68ACBYX American Beacon BalancedPairCorr
  0.72CIMCX Income FundPairCorr
  0.76SCLAX Simt Multi AssetPairCorr
  0.86SQIYX Sit Mutual FundsPairCorr
  0.64CPCRX Comstock Capital ValuePairCorr
  0.71TRMIX T Rowe PricePairCorr
  0.94ANAGX Ab Global BondPairCorr

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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