Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUIX Fund  USD 9.26  0.02  0.22%   
The current 90-days correlation between Aam Select Income and Tiaa Cref Inflation Linked Bond is 0.75 (i.e., Poor 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

Weak diversification

The correlation between Aam Select Income and DJI is 0.32 (i.e., 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 inflation.

Moving together with Aam Mutual Fund

  0.96ASDIX Aamhimco Short DurationPairCorr
  0.95ASDAX Aamhimco Short DurationPairCorr
  0.97ASDCX Aamhimco Short DurationPairCorr
  0.87AFNIX Aambahl Gaynor IncomePairCorr
  0.84AFNAX Aambahl Gaynor IncomePairCorr
  0.83AFYCX Aambahl Gaynor IncomePairCorr
  1.0CPUCX Aam Select IncomePairCorr
  1.0CPUAX Aam Select IncomePairCorr
  0.99VICSX Vanguard IntermediatePairCorr
  0.99VFICX Vanguard Intermediate-terPairCorr
  0.99VFIDX Vanguard Intermediate-terPairCorr
  0.99VICBX Vanguard Intermediate-terPairCorr
  0.99PBDPX Pimco Investment GradePairCorr
  0.99PIGIX Investment Grade PoratePairCorr
  0.99PGCAX Investment Grade PoratePairCorr
  0.96PBDAX Investment Grade PoratePairCorr
  0.96PBDCX Investment Grade PoratePairCorr
  0.99PCNNX Pimco Investment GradePairCorr
  0.91SMPSX Semiconductor UltrasectorPairCorr
  0.91SMPIX Semiconductor UltrasectorPairCorr
  0.9TTEEX T Rowe PricePairCorr
  0.89TREMX T Rowe PricePairCorr
  0.93FELIX Fidelity Advisor SemPairCorr
  0.91ONERX One Rock FundPairCorr
  0.91RYVYX Nasdaq 100 2xPairCorr
  0.9RYVLX Nasdaq 100 2xPairCorr
  0.93FSELX Fidelity Select SemiPairCorr
  0.87APDRX Artisan Global OpporPairCorr
  0.89LRRRX Floating RatePairCorr
  0.9TRAZX Rowe T PricePairCorr
  0.88FFSDX Fidelity Freedom 2065PairCorr
  0.89PPQAX Pimco Realpath BlendPairCorr
  0.64GEIIX Goldman Sachs EnhancedPairCorr
  0.91GMGZX Mydestination 2055PairCorr
  0.89GENIX Gotham Enhanced ReturnPairCorr
  0.62JIMDX Johnson InstitutionalPairCorr

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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