Aim Investment Correlations

INAXX Fund

USD 1.00 0.00 0.00%

The current 90-days correlation between Aim Investment Securities and Invesco Global Health is 0.12 (i.e., Average diversification). The correlation of Aim Investment 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.

Aim Investment Correlation With Market

Good diversification

The correlation between Aim Investment Securities and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aim Investment Securities and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aim Investment Securities. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with AIM Money Market Fund

0.74	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.74	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.76	VFFSX	Vanguard 500 Index	Pair Corr
0.8	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.84	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.82	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr

Moving against AIM Money Market Fund

0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	PFHCX	Pacific Funds Small	Pair Corr
0.64	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.47	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	GGHYX	BHSRX	ETAHX	LHCCX	SHPCX	AHSCX	PHLAX
GGHYX		0.99	0.56	0.54	0.85	0.56	0.95	GGHYX
BHSRX	0.99		0.64	0.58	0.84	0.6	0.97	BHSRX
ETAHX	0.56	0.64		0.78	0.56	0.72	0.72	ETAHX
LHCCX	0.54	0.58	0.78		0.7	0.89	0.68	LHCCX
SHPCX	0.85	0.84	0.56	0.7		0.68	0.89	SHPCX
AHSCX	0.56	0.6	0.72	0.89	0.68		0.7	AHSCX
PHLAX	0.95	0.97	0.72	0.68	0.89	0.7		PHLAX
	GGHYX	BHSRX	ETAHX	LHCCX	SHPCX	AHSCX	PHLAX

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Risk-Adjusted Indicators

There is a big difference between AIM Money Market Fund performing well and Aim Investment Money Market 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 Aim Investment'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
GGHYX	0.63	(0.17)	0.00	(0.16)	0.00	0.00	0.93	(1.30)	3.73
BHSRX	0.59	(0.14)	0.00	(0.11)	0.00	0.00	0.91	(1.31)	3.39
ETAHX	1.02	(0.15)	0.00	(0.01)	0.00	0.00	2.27	(2.32)	7.54
LHCCX	0.76	(0.10)	(0.12)	0.00	1.01	(0.82)	1.50	(1.57)	5.15
SHPCX	0.62	(0.16)	0.00	(0.15)	0.00	0.00	0.96	(1.23)	4.21
AHSCX	0.57	(0.06)	(0.16)	0.00	0.75	(0.56)	0.82	(1.25)	4.55
PHLAX	0.66	(0.15)	0.00	(0.12)	0.00	0.00	1.04	(1.38)	5.07

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