Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUIX Fund  USD 9.25  0.03  0.33%   
The current 90-days correlation between Aam Select Income and Hartford Healthcare Hls 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

Good diversification

The correlation between Aam Select Income and DJI is -0.09 (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 gross domestic product.

Moving together with Aam Mutual Fund

  0.7ASDCX Aamhimco Short DurationPairCorr
  1.0CPUCX Aam Select IncomePairCorr
  1.0CPUAX Aam Select IncomePairCorr
  1.0CPUYX Aaminsight Select IncomePairCorr
  0.99VICSX Vanguard Intermediate-terPairCorr
  0.99VFICX Vanguard Intermediate-terPairCorr
  0.99VFIDX Vanguard Intermediate-terPairCorr
  0.99VICBX Vanguard Intermediate-terPairCorr
  0.99PBDPX Pimco Investment GradePairCorr
  0.99PIGIX Investment Grade PoratePairCorr
  0.99PGCAX Investment Grade PoratePairCorr
  0.99PBDAX Investment Grade PoratePairCorr
  0.99PBDCX Investment Grade PoratePairCorr
  0.99PCNNX Pimco Investment GradePairCorr

Moving against Aam Mutual Fund

  0.34AFNIX Aambahl Gaynor IncomePairCorr
  0.34AFNAX Aambahl Gaynor IncomePairCorr
  0.32AFYCX Aambahl Gaynor IncomePairCorr
  0.73TLCYX Touchstone Large CapPairCorr
  0.72ILESX Fisher InvestmentsPairCorr
  0.71MLMAX Global E PortfolioPairCorr
  0.69AMEIX Equity GrowthPairCorr
  0.68AMGOX Alger Mid CapPairCorr
  0.65VFINX Vanguard 500 IndexPairCorr
  0.65SAGAX Ridgeworth InnovativePairCorr
  0.65VFIAX Vanguard 500 IndexPairCorr
  0.63AMGIX Income GrowthPairCorr
  0.61ARIDX Amg River RoadPairCorr
  0.6WWLAX Westwood Largecap ValuePairCorr
  0.59DFMAX Davidson Multi CapPairCorr
  0.57FSEIX Nuveen Mid CapPairCorr
  0.54VWELX Vanguard WellingtonPairCorr
  0.42GAB Gabelli Equity TrustPairCorr
  0.41GAPIX Goldman Sachs EquityPairCorr

Related Correlations Analysis

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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.

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