Aamhimco Short Correlations

Mutual Funds . USA . 
Fund . Aamhimco Short Duration
ASDIX Fund  USD 10.15  0.01  0.1%   
The current 90-days correlation between Aamhimco Short Duration and Eventide Healthcare Life is -0.01 (i.e., Good diversification). The correlation of Aamhimco Short 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.

Aamhimco Short Correlation With Market

Average diversification

The correlation between Aamhimco Short Duration and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aamhimco Short Duration 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 Aamhimco Short Duration. 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 Aamhimco Mutual Fund

  0.97ASDAX Aamhimco Short DurationPairCorr
  0.97ASDCX Aamhimco Short DurationPairCorr
  0.93PTSPX Pimco Short TermPairCorr
  0.93PTSHX Short Term FundPairCorr
  0.93PSFAX Short Term FundPairCorr
  0.93PTSRX Short Term FundPairCorr
  0.93PSDNX Putnam Ultra ShortPairCorr
  0.9LUSNX Lord Abbett UltraPairCorr
  0.89MUIIX Ultra Short IncomePairCorr
  0.89MUAIX Ultra Short IncomePairCorr
  0.89MULSX Ultra Short IncomePairCorr
  0.64VFIAX Vanguard 500 IndexPairCorr
  0.64LMLRX Qs Defensive GrowthPairCorr
  0.91TEDLX Tiaa Cref EmergingPairCorr
  0.62SPIIX Simt Sp 500PairCorr
  0.63JSGIX John Hancock StrategicPairCorr
  0.71PNRCX Jennison Natural ResPairCorr
  0.94BMNSX Baird E IntermediatePairCorr
  0.62HSTIX Stock Index Fund Potential GrowthPairCorr
  0.87LAIIX Lord Abbett IntermediatePairCorr
  0.63VFINX Vanguard 500 IndexPairCorr
  0.76JFEIX Jpmorgan IntrepidPairCorr
  0.8OEMAX Ophmr Eml DbtPairCorr
  0.67CFIMX Clipper FundPairCorr
  0.79IVFAX Federated InternationalPairCorr
  0.67FTRCX Franklin Lifesmart 2035PairCorr
  0.82ECVAX Eaton Vance VirginiaPairCorr
  0.66TCHHX Tiaa Cref LifecyclePairCorr
  0.73XEODX Wells Fargo GlobalPairCorr

Moving against Aamhimco Mutual Fund

  0.42NHS Neuberger Berman HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Aamhimco Mutual Fund performing well and Aamhimco Short 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 Aamhimco Short'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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