Income Fund Correlations

USAIX Fund

USD 11.45 0.02 0.17%

The current 90-days correlation between Income Fund Income and T Rowe Price is 0.16 (i.e., Average 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

Average diversification

The correlation between Income Fund Income and DJI is 0.14 (i.e., Average 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 gross domestic product.

Moving together with Income Mutual Fund

0.91	UINCX	Income Fund Income	Pair Corr
0.69	SRVEX	Victory Diversified Stock	Pair Corr
0.9	UITBX	Intermediate Term Bond	Pair Corr
0.91	UITCX	Usaa Intermediate Term	Pair Corr
0.7	UITIX	Usaa Tax Exempt	Pair Corr
0.72	GUTEX	Victory Tax Exempt	Pair Corr
0.74	SSGSX	Victory Sycamore Small	Pair Corr
0.81	SBALX	Victory Strategic	Pair Corr
0.69	SSVSX	Victory Special Value	Pair Corr
0.78	SBFCX	Victory Incore Investment	Pair Corr
0.78	SBFMX	Victory Portfolios	Pair Corr
0.73	MMECX	Victory Integrity	Pair Corr
0.74	MMEAX	Victory Integrity	Pair Corr
0.77	RPPRX	Victory Rs Partners	Pair Corr
0.69	MMIJX	Victory Integrity Mid	Pair Corr
0.74	MMMMX	Victory Integrity	Pair Corr
0.73	MMMSX	Victory Integrity	Pair Corr
0.88	ULTIX	Usaa Tax Exempt	Pair Corr
0.71	MNNAX	Victory Munder Multi	Pair Corr
0.67	RSEGX	Victory Rs Small	Pair Corr
0.72	RSGGX	Victory Rs Global	Pair Corr
0.61	RSGFX	Victory Rs Select	Pair Corr
0.73	RSGRX	Victory Rs Growth	Pair Corr
0.75	RSINX	Victory Rs Investors	Pair Corr
0.75	RSIYX	Victory Rs Investors	Pair Corr
0.69	RSMMX	Victory Rs Small	Pair Corr
0.63	RSMOX	Victory Rs Mid	Pair Corr
0.77	RSPFX	Victory Rs Partners	Pair Corr

Related Correlations Analysis

	PRNHX	SMYIX	RHSAX	SLWGX	BPGSX	TAAKX	LMUSX
PRNHX		0.92	0.69	0.28	0.77	0.72	0.92	PRNHX
SMYIX	0.92		0.73	0.26	0.78	0.72	0.98	SMYIX
RHSAX	0.69	0.73		0.55	0.74	0.84	0.72	RHSAX
SLWGX	0.28	0.26	0.55		0.36	0.58	0.25	SLWGX
BPGSX	0.77	0.78	0.74	0.36		0.63	0.69	BPGSX
TAAKX	0.72	0.72	0.84	0.58	0.63		0.74	TAAKX
LMUSX	0.92	0.98	0.72	0.25	0.69	0.74		LMUSX
	PRNHX	SMYIX	RHSAX	SLWGX	BPGSX	TAAKX	LMUSX

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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
PRNHX	0.87	0.05	0.01	0.15	1.17	(0.91)	1.80	(1.60)	7.56
SMYIX	0.66	(0.01)	(0.03)	0.06	1.07	(0.61)	1.48	(1.35)	4.86
RHSAX	1.15	0.05	(0.01)	(0.69)	1.80	(1.16)	2.22	(3.23)	9.80
SLWGX	0.73	0.03	(0.04)	(0.18)	0.97	(0.79)	1.75	(1.42)	3.79
BPGSX	0.53	0.04	(0.03)	0.60	0.66	(0.57)	1.03	(0.95)	3.31
TAAKX	0.63	0.00	(0.05)	0.28	1.20	(0.62)	1.24	(1.47)	6.84
LMUSX	0.74	0.01	(0.02)	0.08	1.20	(0.70)	1.27	(1.59)	6.30

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Income Fund Correlations

Income Fund Correlation With Market

Average diversification

Moving together with Income Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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