Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund Income
UIINX Fund  USD 11.49  0.01  0.09%   
The current 90-days correlation between Income Fund Income and Capital Growth Fund is 0.3 (i.e., Weak diversification). The correlation of Income Fund 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.

Income Fund Correlation With Market

Modest diversification

The correlation between Income Fund Income and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Income Fund 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 board of governors.

Moving together with Income Mutual Fund

  0.75UICGX Capital GrowthPairCorr
  0.75UIEMX Emerging MarketsPairCorr
  0.8UIHIX High Income FundPairCorr
  0.74UIIFX International FundPairCorr
  0.75UIGIX Growth IncomePairCorr
  0.95UIGSX Government SecuritiesPairCorr
  0.73UIGRX Growth Fund GrowthPairCorr
  0.75UIISX Income StockPairCorr
  0.98UIITX Intermediate Term BondPairCorr
  0.89UISBX Short Term BondPairCorr
  0.7UISCX Small Cap StockPairCorr
  0.75UIVAX Value Fund ValuePairCorr
  0.75UIWGX World GrowthPairCorr
  0.98URIBX Intermediate Term BondPairCorr
  1.0URIFX Income Fund IncomePairCorr
  0.95URGSX Government SecuritiesPairCorr
  0.8URHIX High Income FundPairCorr
  0.72URNQX Nasdaq 100 IndexPairCorr
  0.89URSBX Short Term BondPairCorr
  0.82URUSX Ultra Short TermPairCorr
  0.74USPRX Sp 500 IndexPairCorr
  0.73UTMAX Target Managed AllocationPairCorr
  0.81UUSIX Ultra Short TermPairCorr
  0.71UGOFX Global Managed VolatilityPairCorr
  0.72UIAGX Aggressive GrowthPairCorr
  0.96MWTNX Metropolitan West TotalPairCorr
  0.96MWTSX Metropolitan West TotalPairCorr
  0.97PTTPX Pimco Total ReturnPairCorr
  0.97PTRRX Total ReturnPairCorr
  0.97PTRAX Total ReturnPairCorr
  0.98PTTRX Total ReturnPairCorr
  0.98FIWGX Strategic AdvisersPairCorr
  0.99DODIX Dodge IncomePairCorr
  0.97MWTIX Metropolitan West TotalPairCorr
  0.96MWTRX Metropolitan West TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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