Income Fund Correlations

RIEBX Fund

USD 26.09 0.03 0.12%

The current 90-days correlation between Income Fund and Strategic Allocation Aggressive is 0.84 (i.e., Very poor 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 Of 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 Of and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center 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 signals in bureau of labor statistics.

Moving together with Income Mutual Fund

0.86	AMECX	Income Fund	Pair Corr
0.75	AMFCX	American Mutual	Pair Corr
0.74	AMFFX	American Mutual	Pair Corr
0.76	RNCCX	American Funds Income	Pair Corr
0.86	AMEFX	Income Fund	Pair Corr
0.73	RNGGX	New Economy Fund	Pair Corr
0.79	RNGFX	New Economy Fund	Pair Corr
0.73	RNGHX	New Economy Fund	Pair Corr
0.79	RNGBX	New Economy Fund	Pair Corr
0.79	RNGAX	New Economy Fund	Pair Corr
0.79	RNGEX	New Economy Fund	Pair Corr
0.79	RNGCX	New Economy Fund	Pair Corr
0.7	FPTPX	American Funds Conse	Pair Corr
0.73	RNNEX	New Economy Fund	Pair Corr
0.78	CDJAX	American Funds College	Pair Corr
0.79	AMPCX	Amcap Fund Class	Pair Corr
0.79	AMPFX	Amcap Fund Class	Pair Corr
0.86	RNPBX	New Perspective	Pair Corr
0.86	RNPAX	New Perspective	Pair Corr
0.86	RNPHX	New Perspective	Pair Corr
0.86	RNPGX	New Perspective	Pair Corr
0.86	RNPCX	New Perspective	Pair Corr
0.86	RNPFX	New Perspective	Pair Corr
0.86	RNPEX	New Perspective	Pair Corr
0.83	AMRMX	American Mutual	Pair Corr
0.74	AMRFX	American Mutual	Pair Corr
0.64	RNRPX	American Funds Retirement	Pair Corr

Moving against Income Mutual Fund

0.46	ANBGX	American Funds Strategic	Pair Corr
0.44	AMUSX	Us Government Securities	Pair Corr
0.41	ANBEX	American Funds Strategic	Pair Corr
0.41	ANBFX	American Funds Strategic	Pair Corr
0.41	ANBAX	American Funds Strategic	Pair Corr
0.41	ANBCX	American Funds Strategic	Pair Corr
0.31	CEAMX	Short Term Bond	Pair Corr

Related Correlations Analysis

	AAARX	WAHSX	FIHLX	LBETX	PYICX	FHAIX	ARCNX	AGDAX
AAARX		0.81	0.69	0.95	0.76	0.66	0.62	0.79	AAARX
WAHSX	0.81		0.93	0.77	0.96	0.76	0.68	0.93	WAHSX
FIHLX	0.69	0.93		0.6	0.96	0.81	0.65	0.9	FIHLX
LBETX	0.95	0.77	0.6		0.68	0.59	0.59	0.77	LBETX
PYICX	0.76	0.96	0.96	0.68		0.78	0.59	0.89	PYICX
FHAIX	0.66	0.76	0.81	0.59	0.78		0.68	0.79	FHAIX
ARCNX	0.62	0.68	0.65	0.59	0.59	0.68		0.67	ARCNX
AGDAX	0.79	0.93	0.9	0.77	0.89	0.79	0.67		AGDAX
	AAARX	WAHSX	FIHLX	LBETX	PYICX	FHAIX	ARCNX	AGDAX

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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
AAARX	0.43	(0.01)	(0.09)	0.11	0.44	(0.51)	0.93	(0.70)	2.37
WAHSX	0.13	0.02	(0.54)	0.58	0.00	(0.24)	0.43	(0.14)	0.86
FIHLX	0.11	0.01	(0.66)	0.54	0.00	(0.20)	0.34	(0.22)	0.67
LBETX	0.22	0.00	(0.23)	0.12	0.21	(0.26)	0.45	(0.52)	1.42
PYICX	0.11	0.01	(0.65)	0.24	0.00	(0.16)	0.22	(0.22)	0.78
FHAIX	0.09	0.00	0.00	(0.04)	0.00	0.00	0.57	(0.57)	1.14
ARCNX	0.63	0.06	(0.07)	(1.17)	0.87	(0.61)	1.51	(1.37)	3.74
AGDAX	0.12	0.02	(0.50)	(1.74)	0.00	(0.25)	0.29	(0.28)	0.87

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