American Independence Correlations

Mutual Funds . USA . 
Fund . American Independence Inflation Protected
FCIHX Fund  USD 18.04  0.01  0.06%   
The current 90-days correlation between American Independence and Palm Valley Capital is 0.63 (i.e., Poor diversification). The correlation of American Independence 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.

American Independence Correlation With Market

Almost no diversification

The correlation between American Independence Inflatio and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Independence Inflatio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in American Independence Inflation Protected. 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 rate.

Moving together with American Mutual Fund

  0.73IKSTX American IndependencePairCorr
  0.78SEKSX American IndependencePairCorr
  0.84RERFX Europacific GrowthPairCorr
  0.84AEPFX Europacific GrowthPairCorr
  0.82CEUAX Europacific GrowthPairCorr
  0.84CEUCX Europacific GrowthPairCorr
  0.84RERCX Europacific GrowthPairCorr
  0.84REREX Europacific GrowthPairCorr
  0.84RERGX Europacific GrowthPairCorr
  0.84CEUFX Europacific GrowthPairCorr
  0.84CEUEX Europacific GrowthPairCorr
  0.84RERAX Europacific GrowthPairCorr
  0.92FTYPX Fidelity Freedom IndexPairCorr
  0.9FFBTX Fidelity Freedom BlendPairCorr
  0.61GAAVX Gmo Alternative AlloPairCorr
  0.8GCAVX Gmo Small CapPairCorr
  0.8GQLOX Gmo Quality FundPairCorr
  0.81GHVIX Gmo High YieldPairCorr
  0.75GMCQX Gmo Equity AllocationPairCorr
  0.79DGFCX Davis GlobalPairCorr
  0.62PATFX T Rowe PricePairCorr
  0.76PEICX Prudential Jennison ValuePairCorr
  0.81PZHEX T Rowe PricePairCorr
  0.77VWINX Vanguard Wellesley IncomePairCorr
  0.81PLFGX Putnam RetirementPairCorr
  0.79PDI Pimco Dynamic IncomePairCorr
  0.92JPRRX Jpmorgan SmartretirementPairCorr
  0.8THCVX Tiaa-cref Large-capPairCorr
  0.8SAAAX Simt Multi AssetPairCorr
  0.88TISVX Transamerica InternationalPairCorr
  0.78IVEIX Ivy Energy FundPairCorr
  0.8OTCFX T Rowe PricePairCorr
  0.9PEXMX T Rowe PricePairCorr
  0.73HHMAX The Hartford MunicipalPairCorr
  0.93TFIRX Tiaa Cref LifecyclePairCorr
  0.63TGRLX Tiaa Cref GreenPairCorr
  0.68GAMDX Goldman Sachs LocalPairCorr
  0.66VFSTX Vanguard Short TermPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Independence 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 American Independence'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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