Cm Commodity Correlations

COMIX Fund

USD 71.43 0.23 0.32%

The current 90-days correlation between Cm Modity Index and World Precious Minerals is 0.17 (i.e., Average diversification). The correlation of Cm Commodity 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.

Cm Commodity Correlation With Market

Good diversification

The correlation between Cm Modity Index and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cm Modity Index 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 Cm Modity Index. 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 COMIX Mutual Fund

0.69	CMCAX	Cm Modity Index	Pair Corr
0.7	PCRIX	Commodityrealreturn	Pair Corr
0.7	PCRRX	Commodityrealreturn	Pair Corr
0.74	PCRPX	Pimco Modityrealreturn	Pair Corr
0.95	PCSRX	Commodityrealreturn	Pair Corr
0.93	PCRAX	Commodityrealreturn	Pair Corr
0.95	PCRCX	Commodityrealreturn	Pair Corr
0.94	PCRNX	Pimco Commodityrealret	Pair Corr
0.94	PCLAX	Pimco Moditiesplus	Pair Corr
0.65	PCPCX	Pimco Moditiesplus	Pair Corr
0.94	PCLNX	Pimco Commoditiesplus	Pair Corr

Related Correlations Analysis

	UNWPX	IIGCX	EPGFX	SGDLX	USERX	UIPMX	FEGOX
UNWPX		0.85	0.91	0.79	0.86	0.81	0.83	UNWPX
IIGCX	0.85		0.9	0.91	0.92	1.0	0.94	IIGCX
EPGFX	0.91	0.9		0.9	0.96	0.88	0.95	EPGFX
SGDLX	0.79	0.91	0.9		0.98	0.9	0.97	SGDLX
USERX	0.86	0.92	0.96	0.98		0.9	0.98	USERX
UIPMX	0.81	1.0	0.88	0.9	0.9		0.93	UIPMX
FEGOX	0.83	0.94	0.95	0.97	0.98	0.93		FEGOX
	UNWPX	IIGCX	EPGFX	SGDLX	USERX	UIPMX	FEGOX

Risk-Adjusted Indicators

There is a big difference between COMIX Mutual Fund performing well and Cm Commodity 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 Cm Commodity'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
UNWPX	1.15	0.34	0.16	7.50	1.06	(1.44)	2.51	(1.90)	7.38
IIGCX	1.29	0.34	0.12	(5.20)	1.37	(1.43)	3.16	(2.71)	9.52
EPGFX	1.18	0.28	0.13	0.70	1.26	(1.29)	2.78	(2.79)	8.86
SGDLX	1.15	0.22	0.09	0.71	1.37	(1.18)	2.52	(2.72)	8.30
USERX	1.23	0.25	0.10	0.98	1.33	(1.25)	2.86	(2.77)	7.65
UIPMX	1.32	0.31	0.12	(10.33)	1.30	(1.44)	3.26	(2.54)	9.15
FEGOX	1.10	0.20	0.08	0.76	1.17	(1.23)	2.40	(2.47)	8.00

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Cm Commodity Correlations

Cm Commodity Correlation With Market

Good diversification

Moving together with COMIX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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