Amana Growth Correlations

Mutual Funds . USA . 
Fund . Amana Growth Fund
AMAGX Fund  USD 84.09  0.30  0.36%   
The current 90-days correlation between Amana Growth and Dreyfus Technology Growth is 0.91 (i.e., Almost no diversification). The correlation of Amana Growth 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.

Amana Growth Correlation With Market

Very poor diversification

The correlation between Amana Growth Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Growth Fund 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 Amana Growth Fund. 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 price.

Moving together with Amana Mutual Fund

  0.97AMDWX Amana Developing WorldPairCorr
  1.0AMIGX Amana GrowthPairCorr
  0.97AMIDX Amana Developing WorldPairCorr
  0.99AMINX Amana IncomePairCorr
  0.71AMIPX Amana ParticipationPairCorr
  0.99AMANX Amana IncomePairCorr
  0.71AMAPX Amana ParticipationPairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.87SRINX Columbia Porate IncomePairCorr
  0.94WRHIX Ivy High IncomePairCorr
  0.95WHIAX Ivy High IncomePairCorr
  0.95IHIFX Ivy High IncomePairCorr
  0.95IVHIX Ivy High IncomePairCorr
  0.97FPPIX Fidelity Advisor 529PairCorr
  0.92SVALX Federated Strategic ValuePairCorr
  0.99LMPLX Clearbridge Large CapPairCorr
  0.92EMKAX Ashmore Emerging MarketsPairCorr
  0.91RYEAX Energy Fund ClassPairCorr
  0.99TPILX Tiaa Cref LifecyclePairCorr
  0.92RSPYX Victory Rs PartnersPairCorr
  0.98FISMX Fidelity InternationalPairCorr
  0.99KTRIX Deutsche Global IncomePairCorr
  0.99SRWAX Saat Market GrowthPairCorr
  0.96PRXIX T Rowe PricePairCorr
  0.95MMNIX Miller Market NeutralPairCorr
  0.91IFRCX Voya Floating RatePairCorr
  0.98NWALX Nationwide Bny MellonPairCorr
  0.93CSBYX Columbia Short TermPairCorr

Moving against Amana Mutual Fund

  0.86ABPRX Ab Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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