Aim International Correlations

INSLX Fund

USD 42.08 0.31 0.74%

The current 90-days correlation between Aim International Mutual and Balanced Fund Investor is 0.68 (i.e., Poor diversification). The correlation of Aim International 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.

Aim International Correlation With Market

Very weak diversification

The correlation between Aim International Mutual and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aim International Mutual and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aim International Mutual. 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 bureau of economic analysis.

Moving together with Aim Mutual Fund

0.88	OSICX	Oppenheimer Strategic	Pair Corr
1.0	OSMAX	Oppenheimer International	Pair Corr
1.0	OSMCX	Oppenheimer International	Pair Corr
0.73	PXCCX	Invesco Select Risk	Pair Corr
0.73	PXCIX	Invesco Select Risk	Pair Corr
0.93	EMLDX	Invesco Emerging Markets	Pair Corr
0.79	OCCIX	Oppenheimer Cnsrvtv	Pair Corr

Moving against Aim Mutual Fund

0.67	OARDX	Oppenheimer Rising	Pair Corr
0.45	AMHYX	Invesco High Yield	Pair Corr
0.45	HYIFX	Invesco High Yield	Pair Corr
0.44	HYINX	Invesco High Yield	Pair Corr
0.69	OTFCX	Oppenheimer Target	Pair Corr
0.65	DIGGX	Invesco Discovery	Pair Corr
0.62	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.48	PXGGX	Invesco Select Risk	Pair Corr
0.47	PXQIX	Invesco Select Risk	Pair Corr
0.45	OCAIX	Oppenheimer Aggrssv	Pair Corr
0.31	PXMMX	Invesco Select Risk	Pair Corr
0.82	MLPAX	Oppenheimer Steelpath Mlp	Pair Corr
0.82	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.81	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	MLPEX	Steelpath Select	Pair Corr

Related Correlations Analysis

	TWBIX	NQQQX	LIOTX	BOSVX	TGVVX	URNQX
TWBIX		0.83	0.67	0.75	0.81	0.84	TWBIX
NQQQX	0.83		0.88	0.8	0.99	1.0	NQQQX
LIOTX	0.67	0.88		0.8	0.91	0.88	LIOTX
BOSVX	0.75	0.8	0.8		0.85	0.81	BOSVX
TGVVX	0.81	0.99	0.91	0.85		0.99	TGVVX
URNQX	0.84	1.0	0.88	0.81	0.99		URNQX
	TWBIX	NQQQX	LIOTX	BOSVX	TGVVX	URNQX

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Risk-Adjusted Indicators

There is a big difference between Aim Mutual Fund performing well and Aim International 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 Aim International'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
TWBIX	0.36	(0.03)	(0.17)	0.06	0.44	(0.38)	0.77	(0.92)	2.38
NQQQX	0.77	(0.03)	(0.02)	0.09	1.11	(0.75)	1.55	(2.40)	5.13
LIOTX	0.64	0.06	0.03	0.21	0.70	(0.75)	1.25	(1.28)	3.54
BOSVX	0.97	(0.07)	(0.01)	0.07	0.89	(1.15)	2.11	(1.62)	8.98
TGVVX	0.72	0.00	0.00	0.12	1.04	(0.67)	1.47	(1.84)	4.86
URNQX	0.76	(0.02)	(0.02)	0.09	1.10	(0.73)	1.57	(2.38)	5.14

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