Aama Equity Correlations

Mutual Funds . USA . 
Fund . Aama Equity Fund
AMFEX Fund  USD 19.33  0.08  0.42%   
The current 90-days correlation between Aama Equity Fund and Bbh Intermediate Municipal is 0.15 (i.e., Average diversification). The correlation of Aama Equity 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.

Aama Equity Correlation With Market

Good diversification

The correlation between Aama Equity Fund and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aama Equity 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 Aama Equity 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 income.

Moving together with Aama Mutual Fund

  0.87AMFIX Aama Income FundPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.98SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.98SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.81EMO Clearbridge Energy MlpPairCorr
  0.68OSPPX Oppenheimer Steelpath MlpPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.7MLPLX Oppenheimer Steelpath MlpPairCorr
  0.97RSNYX Victory Global NaturalPairCorr
  0.97RSNRX Victory Global NaturalPairCorr
  0.69SPMJX Invesco Steelpath MlpPairCorr
  0.83MDWIX Blackrock World IncomePairCorr
  0.61AIRIX Horizon Active IncomePairCorr
  0.88LITAX Columbia Amt FreePairCorr
  0.98PCCFX Prudential Income BuilderPairCorr
  0.98VHGEX Vanguard Global EquityPairCorr
  0.93PISDX Columbia Pyrford IntPairCorr
  0.98PSCIX Palmer Square SsiPairCorr
  0.98MURGX Mutual Of AmericaPairCorr
  0.96SMAAX Aig Government MoneyPairCorr
  0.76VMRXX Vanguard Money MarketPairCorr
  0.87GGBPX Goldman Sachs InvestmentPairCorr
  1.0POMIX T Rowe PricePairCorr
  0.98PFIOX Pfg Invesco ThematicPairCorr
  0.95CUSOX Columbia Ultra ShortPairCorr
  0.69GMBXX General Money MarketPairCorr
  0.76PBMXX Prudential GovernmentPairCorr
  0.97ITTIX Hartford BalancedPairCorr
  0.99CGOAX Columbia Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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