Income Fund Correlations

FIFAX Fund

USD 25.27 0.15 0.60%

The current 90-days correlation between Income Fund and Mirova Global Green is 0.4 (i.e., Very weak diversification). The correlation of Income Fund 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.

Income Fund Correlation With Market

Very weak diversification

The correlation between Income Fund Of and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Of 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 Income Fund Of. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Income Mutual Fund

1.0	IFACX	Income Fund	Pair Corr
1.0	IFAFX	Income Fund	Pair Corr
1.0	AMECX	Income Fund	Pair Corr
1.0	RIDBX	Income Fund	Pair Corr
1.0	CIMEX	Income Fund	Pair Corr
1.0	RIDFX	Income Fund	Pair Corr
0.61	PDI	Pimco Dynamic Income	Pair Corr
0.82	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.71	INTC	Intel	Pair Corr
0.81	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.87	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr

Moving against Income Mutual Fund

0.9	UIPIX	Ultrashort Mid Cap	Pair Corr
0.8	VZ	Verizon Communications	Pair Corr
0.69	BA	Boeing	Pair Corr

Related Correlations Analysis

	MGGNX	CWFIX	ABNTX	BXHCX	TTRBX	ARTFX
MGGNX		0.06	0.46	0.4	0.74	0.13	MGGNX
CWFIX	0.06		0.66	0.71	0.56	0.82	CWFIX
ABNTX	0.46	0.66		0.75	0.85	0.57	ABNTX
BXHCX	0.4	0.71	0.75		0.74	0.91	BXHCX
TTRBX	0.74	0.56	0.85	0.74		0.57	TTRBX
ARTFX	0.13	0.82	0.57	0.91	0.57		ARTFX
	MGGNX	CWFIX	ABNTX	BXHCX	TTRBX	ARTFX

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Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income Fund 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 Income Fund'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MGGNX	0.16	(0.01)	(0.39)	(0.09)	0.17	(0.24)	0.35	(0.35)	1.05
CWFIX	0.08	0.01	(0.49)	0.64	0.00	(0.14)	0.21	(0.11)	0.42
ABNTX	0.13	0.00	(0.40)	0.09	0.09	(0.18)	0.30	(0.30)	0.79
BXHCX	0.12	0.01	(0.31)	0.36	0.00	(0.19)	0.50	(0.25)	1.11
TTRBX	0.15	0.00	(0.45)	0.01	0.12	(0.20)	0.41	(0.30)	1.01
ARTFX	0.11	0.02	(0.31)	1.23	0.00	(0.18)	0.44	(0.22)	1.10

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