Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUIX Fund  USD 9.41  0.01  0.11%   
The current 90-days correlation between Aam Select Income and Aamhimco Short Duration is 0.42 (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

Very weak diversification

The correlation between Aam Select Income and DJI is 0.57 (i.e., Very weak 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

  0.88ASDIX Aamhimco Short DurationPairCorr
  0.88ASDAX Aamhimco Short DurationPairCorr
  0.87ASDCX Aamhimco Short DurationPairCorr
  0.99CPUCX Aam Select IncomePairCorr
  0.95CPUAX Aam Select IncomePairCorr
  0.97VICSX Vanguard Intermediate-terPairCorr
  0.95VFICX Vanguard IntermediatePairCorr
  0.95VFIDX Vanguard IntermediatePairCorr
  0.97VICBX Vanguard Intermediate-terPairCorr
  0.93PBDAX Investment Grade PoratePairCorr
  0.93PBDCX Investment Grade PoratePairCorr
  0.93PCNNX Pimco Investment GradePairCorr
  0.93PBDPX Pimco Investment GradePairCorr
  0.93PIGIX Investment Grade PoratePairCorr
  0.93PGCAX Investment Grade PoratePairCorr
  0.71PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.71PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.7FGADX Franklin Gold Precious Steady GrowthPairCorr
  0.73OCMAX Ocm Mutual Fund Steady GrowthPairCorr
  0.75INIIX International Investors Steady GrowthPairCorr
  0.74GLDAX Gabelli Gold Steady GrowthPairCorr
  0.75GOLDX Gabelli Gold Steady GrowthPairCorr
  0.75IIGCX International Investors Steady GrowthPairCorr
  0.74DQIYX Dreyfus Equity IncomePairCorr
  0.78SAWMX Sa Worldwide ModeratePairCorr
  0.73WGBIX Wells Fargo SpectrumPairCorr
  0.77SDMGX Sit Developing MarketsPairCorr
  0.74TRTFX T Rowe PricePairCorr
  0.71PARCX T Rowe PricePairCorr
  0.81SSCDX Sit Small CapPairCorr
  0.83DLELX Doubleline EmergingPairCorr

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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