Aam Select Correlations

Mutual Funds USA . 
Fund . Aam Select Income
CPUIX Fund  USD 9.35  0.01  0.11%   
The current 90-days correlation between Aam Select Income and American Funds Inflation is 0.64 (i.e., Poor 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 gross domestic product.

Moving together with Aam Mutual Fund

  0.84ASDIX Aamhimco Short DurationPairCorr
  0.82ASDAX Aamhimco Short DurationPairCorr
  0.82ASDCX Aamhimco Short DurationPairCorr
  0.98CPUCX Aam Select IncomePairCorr
  0.84CPUAX Aam Select IncomePairCorr
  0.94VICSX Vanguard Intermediate-terPairCorr
  0.9VFICX Vanguard IntermediatePairCorr
  0.9VFIDX Vanguard IntermediatePairCorr
  0.89VICBX Vanguard Intermediate-terPairCorr
  0.79PBDAX Investment Grade PoratePairCorr
  0.72PBDCX Investment Grade PoratePairCorr
  0.94PCNNX Pimco Investment GradePairCorr
  0.94PBDPX Pimco Investment GradePairCorr
  0.92PIGIX Investment Grade PoratePairCorr
  0.92PGCAX Investment Grade PoratePairCorr
  0.69NHS Neuberger Berman HighPairCorr
  0.75GWPDX American Funds GrowthPairCorr
  0.71BGEPX Baillie Gifford EmergingPairCorr
  0.8TSLTX Transamerica Small CapPairCorr
  0.76ACYTX California Intermediate-terPairCorr
  0.87MARMX Mutual Of AmericaPairCorr
  0.71WBIIX William Blair InstitPairCorr
  0.7AASOX Alger Small CapPairCorr
  0.88PMDRX Moderate DurationPairCorr
  0.72BRSTX Mfs Blended ResearchPairCorr
  0.85SWYLX Schwab Target 2020PairCorr
  0.76JASBX Janus Short TermPairCorr
  0.72BDSAX Blackrock Advantage SmallPairCorr
  0.76GCTCX Goldman Sachs Tax Potential GrowthPairCorr
  0.74RIGCX Victory Rs InternationalPairCorr
  0.78GGSYX Grandeur Peak GlobalPairCorr
  0.85FTIWX Fidelity Asset ManagerPairCorr
  0.76BCSAX Blackrock CommodityPairCorr
  0.77TVRRX Thornburg ValuePairCorr
  0.7USGRX Growth IncomePairCorr
  0.75ATBYX Intermediate Term TaxPairCorr

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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