Aama Income Correlations

Mutual Funds . USA . 
Fund . Aama Income Fund
AMFIX Fund  USD 23.88  0.04  0.17%   
The current 90-days correlation between Aama Income Fund and Prudential High Yield is 0.21 (i.e., Modest diversification). The correlation of Aama Income 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.

Aama Income Correlation With Market

Significant diversification

The correlation between Aama Income Fund and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aama Income Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aama Income Fund. 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 Aama Mutual Fund

  0.65AMFEX Aama Equity FundPairCorr
  0.62VTSAX Vanguard Total StockPairCorr
  0.62VTSMX Vanguard Total StockPairCorr
  0.62VSMPX Vanguard Total StockPairCorr
  0.62VSTSX Vanguard Total StockPairCorr
  0.62VITSX Vanguard Total StockPairCorr
  0.63VFFSX Vanguard 500 IndexPairCorr
  0.64FPURX Fidelity PuritanPairCorr
  0.63MIEYX Mm Sp 500PairCorr
  0.61FLCNX Fidelity ContrafundPairCorr
  0.86AGIVX Invesco GovernmentPairCorr
  0.62MAWAX Mfs Aggressive GrowthPairCorr
  0.67TAIAX American Funds TaxPairCorr
  0.62ARTMX Artisan Mid CapPairCorr
  0.63FMCMX American Funds AmcapPairCorr
  0.61AMTOX Ab All MarketPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aama Mutual Fund performing well and Aama Income 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 Aama Income'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.

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