American Independence Correlations

SEKSX Fund

USD 10.15 0.02 0.20%

The current 90-days correlation between American Independence and American Independence Kansas is 1.0 (i.e., No risk reduction). The correlation of American Independence 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.

American Independence Correlation With Market

Very good diversification

The correlation between American Independence Kansas and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Independence Kansas and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Independence Kansas. 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 state.

Moving together with American Mutual Fund

1.0	IKSTX	American Independence	Pair Corr
0.92	KYTFX	Kentucky Tax Free	Pair Corr
0.94	UVABX	Virginia Bond	Pair Corr
0.98	HULYX	Hawaiian Tax Free	Pair Corr
0.98	HULFX	Hawaiian Tax Free	Pair Corr
0.99	ORTYX	Aquila Tax Free	Pair Corr
0.93	UVAIX	Usaa Virginia Bond	Pair Corr
0.93	USVAX	Virginia Bond	Pair Corr
0.98	HULAX	Hawaiian Tax Free	Pair Corr
0.75	GPBFX	Gmo E Plus	Pair Corr
0.62	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against American Mutual Fund

0.43	ORFFX	Aquila Tax Free	Pair Corr
0.36	GSMHX	Gmo Sgm Major	Pair Corr
0.36	GSMFX	Gmo Sgm Major	Pair Corr
0.43	FSLBX	Brokerage And Investment	Pair Corr
0.39	CSQ	Calamos Strategic Total	Pair Corr
0.38	VGOSX	Voya Large Cap	Pair Corr
0.38	GRSPX	Greenspring Fund Retail	Pair Corr
0.36	RYVYX	Nasdaq 100 2x	Pair Corr
0.35	FMILX	Fidelity New Millennium	Pair Corr
0.34	VINIX	Vanguard Institutional	Pair Corr
0.34	USPRX	Sp 500 Index	Pair Corr
0.33	UBVSX	Undiscovered Managers	Pair Corr
0.4	FNCMX	Fidelity Nasdaq Posite	Pair Corr
0.36	ATAGX	Anchor Risk Managed	Pair Corr
0.35	JDCAX	Janus Forty Fund	Pair Corr
0.34	INDEX	Sp 500 Equal	Pair Corr

Related Correlations Analysis

	IKSTX	LEOIX	VSMVX	THMAX	VTSAX	RWSIX	SCRYX	VNSNX	VTHRX
IKSTX		-0.19	-0.36	-0.2	-0.38	-0.28	-0.27	-0.34	0.09	IKSTX
LEOIX	-0.19		0.69	0.81	0.84	0.78	0.7	0.78	0.6	LEOIX
VSMVX	-0.36	0.69		0.77	0.89	0.88	0.91	0.84	0.52	VSMVX
THMAX	-0.2	0.81	0.77		0.92	0.95	0.9	0.9	0.89	THMAX
VTSAX	-0.38	0.84	0.89	0.92		0.92	0.88	0.98	0.7	VTSAX
RWSIX	-0.28	0.78	0.88	0.95	0.92		0.98	0.88	0.78	RWSIX
SCRYX	-0.27	0.7	0.91	0.9	0.88	0.98		0.84	0.71	SCRYX
VNSNX	-0.34	0.78	0.84	0.9	0.98	0.88	0.84		0.75	VNSNX
VTHRX	0.09	0.6	0.52	0.89	0.7	0.78	0.71	0.75		VTHRX
	IKSTX	LEOIX	VSMVX	THMAX	VTSAX	RWSIX	SCRYX	VNSNX	VTHRX

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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

VNSNX	+ 0.98	VTSAX
SCRYX	+ 0.98	RWSIX
RWSIX	+ 0.95	THMAX
VTSAX	+ 0.92	THMAX
RWSIX	+ 0.92	VTSAX
SCRYX	+ 0.91	VSMVX

High negative correlations

VTSAX	- 0.38	IKSTX
VSMVX	- 0.36	IKSTX
VNSNX	- 0.34	IKSTX
RWSIX	- 0.28	IKSTX
SCRYX	- 0.27	IKSTX
THMAX	- 0.2	IKSTX

Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Independence 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 American Independence'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
IKSTX	0.11	0.00	(0.46)	0.07	0.15	(0.16)	0.20	(0.29)	0.89
LEOIX	0.09	0.03	(0.64)	(7.24)	0.00	(0.15)	0.24	(0.12)	0.58
VSMVX	0.92	(0.02)	0.04	0.10	0.80	(1.16)	1.95	(1.72)	7.91
THMAX	0.36	0.05	(0.13)	3.67	0.34	(0.43)	0.73	(0.78)	2.29
VTSAX	0.57	0.00	(0.02)	0.12	0.65	(0.60)	1.10	(1.31)	4.11
RWSIX	0.58	0.10	(0.02)	1.12	0.49	(0.67)	1.23	(1.20)	4.11
SCRYX	0.98	0.13	0.03	0.77	0.90	(1.13)	2.39	(1.69)	7.88
VNSNX	0.67	(0.05)	(0.04)	0.07	1.02	(0.68)	1.52	(1.67)	4.90
VTHRX	0.35	0.02	(0.19)	3.10	0.41	(0.36)	0.78	(0.70)	2.10

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