Amana Income Correlations
| AMINX Fund | USD 68.63 0.19 0.28% |
The current 90-days correlation between Amana Income and Amana Growth Fund is 0.87 (i.e., Very poor diversification). The correlation of Amana 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.
Amana Income Correlation With Market
Poor diversification
The correlation between Amana Income Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Income Fund and DJI in the same portfolio, assuming nothing else is changed.
Amana |
Moving together with Amana Mutual Fund
| 0.76 | AMDWX | Amana Developing World | PairCorr |
| 0.83 | AMIGX | Amana Growth | PairCorr |
| 0.77 | AMIDX | Amana Developing World | PairCorr |
| 0.87 | AMANX | Amana Income | PairCorr |
| 0.83 | AMAGX | Amana Growth | PairCorr |
| 0.79 | WARCX | Wells Fargo Advantage | PairCorr |
Related Correlations Analysis
| 0.58 | 0.58 | 0.67 | 0.19 | AMIGX | ||
| 0.58 | 1.0 | 0.68 | 0.57 | AMDWX | ||
| 0.58 | 1.0 | 0.68 | 0.56 | AMIDX | ||
| 0.67 | 0.68 | 0.68 | 0.31 | AMANX | ||
| 0.19 | 0.57 | 0.56 | 0.31 | AMIPX | ||
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Risk-Adjusted Indicators
There is a big difference between Amana Mutual Fund performing well and Amana 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 Amana 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMIGX | 0.68 | (0.09) | (0.11) | 0.01 | 0.98 | 1.47 | 4.26 | |||
| AMDWX | 0.61 | (0.12) | 0.00 | (0.13) | 0.00 | 1.33 | 3.55 | |||
| AMIDX | 0.62 | (0.12) | 0.00 | (0.13) | 0.00 | 1.32 | 3.53 | |||
| AMANX | 0.55 | (0.02) | 0.00 | (0.15) | 0.00 | 1.18 | 2.79 | |||
| AMIPX | 0.07 | 0.00 | (0.77) | 1.56 | 0.04 | 0.20 | 0.61 |