Aam/insight Select Correlations

Mutual Funds USA . 
Fund . Aaminsight Select Income
CPUYX Fund  USD 9.14  0.03  0.33%   
The current 90-days correlation between Aaminsight Select Income and Aamhimco Short Duration is 0.71 (i.e., Poor diversification). The correlation of Aam/insight 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/insight Select Correlation With Market

Good diversification

The correlation between Aaminsight Select Income and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aaminsight 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 Aaminsight 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 manufacturing.

Moving together with Aam/insight Mutual Fund

  0.64ASDCX Aamhimco Short DurationPairCorr
  1.0CPUCX Aam Select IncomePairCorr
  1.0CPUAX Aam Select IncomePairCorr
  1.0CPUIX Aam 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/insight Mutual Fund

  0.64VSTSX Vanguard Total StockPairCorr
  0.64VSMPX Vanguard Total StockPairCorr
  0.64VITSX Vanguard Total StockPairCorr
  0.63VFFSX Vanguard 500 IndexPairCorr
  0.63VFIAX Vanguard 500 IndexPairCorr
  0.31AFNIX Aambahl Gaynor IncomePairCorr
  0.7LTFOX Lord Abbett AffiliatedPairCorr
  0.69GRSPX Greenspring Fund RetailPairCorr
  0.69VIGAX Vanguard Growth IndexPairCorr
  0.68RQECX Resq Dynamic AllocationPairCorr
  0.64VTSAX Vanguard Total StockPairCorr
  0.64VTSMX Vanguard Total StockPairCorr
  0.63VINIX Vanguard InstitutionalPairCorr
  0.63AGTHX Growth FundPairCorr
  0.63VFINX Vanguard 500 IndexPairCorr
  0.63INDEX Sp 500 EqualPairCorr
  0.61LLPFX Longleaf PartnersPairCorr
  0.59SMERX Invesco Small CapPairCorr
  0.57RCILX Alternative Credit IncomePairCorr
  0.55FPURX Fidelity PuritanPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
AFNAX
+ 1.0
AFNIX
AFYCX
+ 1.0
AFNIX
AFYCX
+ 1.0
AFNAX
CPUAX
+ 0.46
ASDAX
AFNIX
+ 0.27
ASDAX
AFNAX
+ 0.27
ASDAX
  
High negative correlations   
CPUAX
- 0.31
AFNIX
CPUAX
- 0.3
AFNAX
CPUAX
- 0.28
AFYCX

Risk-Adjusted Indicators

There is a big difference between Aam/insight Mutual Fund performing well and Aam/insight 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/insight 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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