Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund Institutional
FOIPX Fund  USD 9.43  0.02  0.21%   
The current 90-days correlation between Income Fund Institutional and Lord Abbett Affiliated is -0.02 (i.e., Good 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

Poor diversification

The correlation between Income Fund Institutional and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Institutional 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 Institutional. 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 inflation.

Moving together with Income Mutual Fund

  0.79FSMBX Tributary Smallmid CapPairCorr
  0.79FSMCX Tributary Smallmid CapPairCorr
  0.67FOBAX Balanced Fund InstitPairCorr
  0.67FOBPX Balanced Fund InstitPairCorr
  0.98FOINX Income Fund InstitutionalPairCorr
  0.81FONPX Tributary Nebraska TaxPairCorr
  0.84FOSIX Short Intermediate BondPairCorr
  0.77FOSCX Small Pany FundPairCorr
  0.77FOSBX Small Pany FundPairCorr
  0.83FOSPX Short Intermediate BondPairCorr
  0.85VBTLX Vanguard Total BondPairCorr
  0.95VBMFX Vanguard Total BondPairCorr
  0.96VBTIX Vanguard Total BondPairCorr
  0.97VTBSX Vanguard Total BondPairCorr
  0.95VTBIX Vanguard Total BondPairCorr
  0.96VTBNX Vanguard Total BondPairCorr
  0.95BFAFX Bond FundPairCorr
  0.84ABNDX Bond FundPairCorr
  0.65BFACX Bond FundPairCorr
  0.96FBOFX American FundsPairCorr
  0.66SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.67SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.67PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.67PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.7FGADX Franklin Gold PreciousPairCorr
  0.7FGPMX Franklin Gold AndPairCorr
  0.7OCMGX Ocm Mutual FundPairCorr
  0.71INIYX International Investors Steady GrowthPairCorr
  0.63FKRCX Franklin Gold PreciousPairCorr
  0.71OCMAX Ocm Mutual FundPairCorr
  0.7GTLOX Large Cap EPairCorr
  0.77DVOAX Dividend OpportunitiesPairCorr
  0.74GCTIX Goldman Sachs TaxPairCorr
  0.81FHIRX Franklin High IncomePairCorr
  0.75FWWNX American Funds NewPairCorr
  0.82MLPIX Mid Cap ValuePairCorr
  0.74MOJCX Power Momentum IndexPairCorr
  0.78FEGRX First Eagle GlobalPairCorr

Related Correlations Analysis


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.

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