Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUIX Fund  USD 9.32  0.01  0.11%   
The current 90-days correlation between Aam Select Income and William Blair Small is 0.33 (i.e., 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

Average diversification

The correlation between Aam Select Income and DJI is 0.19 (i.e., Average 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

  0.86CPUCX Aam Select IncomePairCorr
  0.99CPUAX Aam Select IncomePairCorr
  0.81VICSX Vanguard IntermediatePairCorr
  0.72VFICX Vanguard IntermediatePairCorr
  0.72VFIDX Vanguard IntermediatePairCorr
  0.88VICBX Vanguard IntermediatePairCorr
  0.78PBDAX Investment Grade PoratePairCorr
  0.88PBDCX Investment Grade PoratePairCorr
  0.86PCNNX Pimco Investment GradePairCorr
  0.86PBDPX Pimco Investment GradePairCorr
  0.76PIGIX Investment Grade PoratePairCorr
  0.86PGCAX Investment Grade PoratePairCorr
  0.86CRCBX Carillon Reams CorePairCorr

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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