Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUCX Fund  USD 9.31  0.05  0.54%   
The current 90-days correlation between Aam Select Income and T Rowe Price is 0.23 (i.e., Modest diversification). The correlation of Aam Select 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.

Aam Select Correlation With Market

Very weak diversification

The correlation between Aam Select Income and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aam Select Income 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 Aam Select Income. 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 private.

Moving together with Aam Mutual Fund

  0.64ASDIX Aamhimco Short DurationPairCorr
  0.63ASDAX Aamhimco Short DurationPairCorr
  0.97ASDCX Aamhimco Short DurationPairCorr
  0.68CPUAX Aam Select IncomePairCorr
  0.67CPUIX Aam Select IncomePairCorr
  0.99VICSX Vanguard Intermediate-terPairCorr
  0.99VFICX Vanguard Intermediate-terPairCorr
  0.99VFIDX Vanguard Intermediate-terPairCorr
  0.99VICBX Vanguard Intermediate-terPairCorr
  0.69PBDPX Pimco Investment GradePairCorr
  0.69PIGIX Investment Grade PoratePairCorr
  0.69PGCAX Investment Grade PoratePairCorr
  0.99PBDAX Investment Grade PoratePairCorr
  0.68PBDCX Investment Grade PoratePairCorr
  0.69PCNNX Pimco Investment GradePairCorr
  0.89MGHRX Morgan Stanley InstiPairCorr
  0.9MBIRX Morgan Stanley InsightPairCorr
  0.89MGRPX Growth Portfolio ClassPairCorr
  0.9MCRTX Morgan Stanley MultiPairCorr
  0.89ONERX One Rock FundPairCorr
  0.89MSGUX Growth Portfolio ClassPairCorr
  0.89MSCMX Morgan Stanley MultiPairCorr
  0.65CPEAX Catalyst Dynamic AlphaPairCorr
  0.67FAODX Oklahoma College SavingsPairCorr
  0.64LTBYX Opnhmr RchstrPairCorr
  0.92RLBFX American BalancedPairCorr
  0.92NOVIX Glenmede InternationalPairCorr
  0.95OSTIX Osterweis StrategicPairCorr
  0.69EKJFX Wells Fargo PremierPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Aam Mutual Fund performing well and Aam Select 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 Aam Select'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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