Aim International Correlations

INSLX Fund

USD 39.02 0.58 1.51%

The current 90-days correlation between Aim International Mutual and Franklin Government Money is 0.02 (i.e., Significant diversification). The correlation of Aim International 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 International Correlation With Market

Modest diversification

The correlation between Aim International Mutual and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aim International Mutual 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 International Mutual. 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 bureau of economic analysis.

Moving together with Aim Mutual Fund

0.95	OARDX	Oppenheimer Rising	Pair Corr
1.0	OSMAX	Oppenheimer International	Pair Corr
1.0	OSMCX	Oppenheimer International	Pair Corr
0.61	BRCRX	Invesco Balanced Risk	Pair Corr
0.65	BRCCX	Invesco Balanced Risk	Pair Corr
0.63	PXGGX	Invesco Select Risk	Pair Corr
0.86	EMLDX	Invesco Emerging Markets	Pair Corr
0.71	DIGGX	Invesco Discovery	Pair Corr
0.69	PXQIX	Invesco Select Risk	Pair Corr
0.72	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.63	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Moving against Aim Mutual Fund

0.31	OSICX	Oppenheimer Strategic	Pair Corr
0.61	STBYX	Invesco Short Term	Pair Corr
0.59	STBAX	Invesco Short Term	Pair Corr
0.59	STBCX	Invesco Short Term	Pair Corr
0.59	STBRX	Invesco Short Term	Pair Corr
0.43	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	INBQX	Aim Investment Funds	Pair Corr
0.45	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.43	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.43	MLPEX	Steelpath Select	Pair Corr
0.4	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.39	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	FMFXX	RIBAX	MDMTX	PCMNX	ABNTX	RIBIX	ABNCX
FMFXX		-0.1	0.19	0.23	0.04	-0.01	-0.16	FMFXX
RIBAX	-0.1		0.82	0.72	0.8	0.99	0.86	RIBAX
MDMTX	0.19	0.82		0.89	0.6	0.84	0.61	MDMTX
PCMNX	0.23	0.72	0.89		0.5	0.74	0.52	PCMNX
ABNTX	0.04	0.8	0.6	0.5		0.8	0.97	ABNTX
RIBIX	-0.01	0.99	0.84	0.74	0.8		0.84	RIBIX
ABNCX	-0.16	0.86	0.61	0.52	0.97	0.84		ABNCX
	FMFXX	RIBAX	MDMTX	PCMNX	ABNTX	RIBIX	ABNCX

Click cells to compare fundamentals

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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

RIBIX	+ 0.99	RIBAX
ABNCX	+ 0.97	ABNTX
PCMNX	+ 0.89	MDMTX
ABNCX	+ 0.86	RIBAX
RIBIX	+ 0.84	MDMTX
ABNCX	+ 0.84	RIBIX

High negative correlations

ABNCX	- 0.16	FMFXX
RIBAX	- 0.1	FMFXX
RIBIX	- 0.01	FMFXX

Risk-Adjusted Indicators

There is a big difference between Aim Mutual Fund performing well and Aim International 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 Aim International'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
FMFXX	0.03	0.01	0.00	(0.95)	0.00	0.00	0.00	0.00	1.01
RIBAX	0.22	(0.02)	(0.24)	(0.11)	0.27	(0.30)	0.58	(0.59)	1.65
MDMTX	0.20	0.00	(0.16)	0.13	0.24	(0.27)	0.48	(0.56)	1.72
PCMNX	0.16	(0.01)	0.00	(0.33)	0.00	0.00	0.25	(0.41)	1.32
ABNTX	0.13	(0.01)	(0.37)	(0.12)	0.14	(0.17)	0.30	(0.30)	0.79
RIBIX	0.25	(0.01)	(0.25)	(0.09)	0.29	(0.31)	0.71	(0.59)	1.42
ABNCX	0.14	(0.01)	(0.41)	(0.23)	0.16	(0.17)	0.20	(0.30)	0.70

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