Amana Participation Correlations

Mutual Funds . USA . 
Fund . Amana Participation Fund
AMAPX Fund  USD 9.77  0.03  0.31%   
The current 90-days correlation between Amana Participation and Mfs Lifetime Retirement is 0.04 (i.e., Significant diversification). The correlation of Amana Participation 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 Participation Correlation With Market

Good diversification

The correlation between Amana Participation Fund and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Participation 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 Participation 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 american community survey.

Moving together with Amana Mutual Fund

  0.64AMINX Amana IncomePairCorr
  0.99AMIPX Amana ParticipationPairCorr
  0.64AMANX Amana IncomePairCorr
  0.65FGBRX Templeton Global BondPairCorr
  0.65FBNRX Templeton Global BondPairCorr
  0.74RCWBX Capital World BondPairCorr
  0.74CCWFX Capital World BondPairCorr
  0.74CCWCX Capital World BondPairCorr
  0.74RCWEX Capital World BondPairCorr
  0.74CCWEX Capital World BondPairCorr
  0.74RCWCX Capital World BondPairCorr
  0.74RCWGX Capital World BondPairCorr
  0.74RCWFX Capital World BondPairCorr
  0.69PFN Pimco Income StrategyPairCorr
  0.61CIF Mfs Intermediate HighPairCorr
  0.65MSTGX Morningstar Global IncomePairCorr
  0.61GEMMX Gmo Emerging MarketsPairCorr
  0.71NPHIX High Income FundPairCorr
  0.62HCMGX Hcm Tactical GrowthPairCorr
  0.69PHIAX Pace High YieldPairCorr
  0.63PHTQX Principal Lifetime HybridPairCorr
  0.61VTHRX Vanguard Target RetiPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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