Income Fund Correlations

UIINX Fund

USD 11.67 0.02 0.17%

The current 90-days correlation between Income Fund Income and Harding Loevner Global is 0.05 (i.e., Significant 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

Significant diversification

The correlation between Income Fund Income and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Income 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 Income Fund Income. 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 employment.

Moving together with Income Mutual Fund

0.77	UIGSX	Government Securities	Pair Corr
0.64	UIITX	Intermediate Term Bond	Pair Corr
0.9	URIBX	Intermediate Term Bond	Pair Corr
0.98	URIFX	Income Fund Income	Pair Corr
0.76	URGSX	Government Securities	Pair Corr
0.71	DODIX	Dodge Income	Pair Corr
0.85	PTTPX	Pimco Total Return	Pair Corr
0.61	PTRAX	Total Return	Pair Corr
0.9	PDBSX	Prudential Total Return	Pair Corr

Related Correlations Analysis

	HLGZX	BCGDX	DBIWX	TINCX	CAEIX	GMADX	RGHYX
HLGZX		0.59	0.56	0.76	0.31	0.58	0.73	HLGZX
BCGDX	0.59		0.77	0.89	0.48	0.95	0.79	BCGDX
DBIWX	0.56	0.77		0.8	0.7	0.81	0.77	DBIWX
TINCX	0.76	0.89	0.8		0.61	0.88	0.91	TINCX
CAEIX	0.31	0.48	0.7	0.61		0.55	0.52	CAEIX
GMADX	0.58	0.95	0.81	0.88	0.55		0.8	GMADX
RGHYX	0.73	0.79	0.77	0.91	0.52	0.8		RGHYX
	HLGZX	BCGDX	DBIWX	TINCX	CAEIX	GMADX	RGHYX

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
HLGZX	1.00	0.38	0.41	0.58	0.25	(1.27)	1.17	(1.22)	27.30
BCGDX	0.49	0.00	(0.02)	0.05	0.81	(0.48)	0.92	(0.80)	4.48
DBIWX	0.30	0.01	(0.08)	0.07	0.27	(0.35)	0.71	(0.62)	1.61
TINCX	0.40	0.05	0.04	0.15	0.37	(0.51)	0.72	(0.72)	2.15
CAEIX	0.75	0.03	0.03	0.09	0.94	(0.76)	1.49	(1.70)	4.41
GMADX	0.64	(0.01)	(0.01)	0.04	1.15	(0.62)	1.35	(1.18)	6.43
RGHYX	0.12	0.00	(0.19)	0.10	0.07	(0.16)	0.20	(0.30)	1.11

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Income Fund Correlations

Income Fund Correlation With Market

Significant diversification

Moving together with Income Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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