Aama Income Correlations

Mutual Funds . USA . 
Fund . Aama Income Fund
AMFIX Fund  USD 24.10  0.01  0.04%   
The current 90-days correlation between Aama Income Fund and Aama Equity Fund is -0.08 (i.e., Good diversification). The correlation of Aama Income 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 Income Correlation With Market

Significant diversification

The correlation between Aama Income Fund and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aama Income 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 Income 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 gross domestic product.

Moving together with Aama Mutual Fund

  0.87AMFEX Aama Equity FundPairCorr
  0.81MWTNX Metropolitan West TotalPairCorr
  0.82MWTSX Metropolitan West TotalPairCorr
  0.86PTTPX Pimco Total ReturnPairCorr
  0.67PTRRX Total ReturnPairCorr
  0.84PTRAX Total ReturnPairCorr
  0.68PTTRX Total ReturnPairCorr
  0.87FIWGX Strategic AdvisersPairCorr
  0.68DODIX Dodge IncomePairCorr
  0.66MWTIX Metropolitan West TotalPairCorr
  0.64MWTRX Metropolitan West TotalPairCorr
  0.61CPAYX Columbia Pacific/asiaPairCorr
  0.91CASAX Columbia Pacific/asiaPairCorr
  0.68CCCZX Center St BrookfieldPairCorr
  0.91CASCX Columbia PacificasiaPairCorr
  0.64CISGX Touchstone Sands CapitalPairCorr
  0.63JGECX Jhancock Global EquityPairCorr
  0.84MSSGX Small Pany GrowthPairCorr
  0.79RYEUX Europe 125x StrategyPairCorr
  0.84FIVFX Fidelity InternationalPairCorr
  0.68DIFGX Mfs Diversified IncomePairCorr
  0.92HRLTX Hartford GlobalPairCorr
  0.92IOBAX Icon Bond FundPairCorr
  0.86MFLDX Marketfield Fund MarPairCorr
  0.94BTFRX Bts Tactical FixedPairCorr
  0.76TICSX Touchstone Small PanyPairCorr
  0.87FEIPX Fa529 Eq InPairCorr
  0.83GMSMX Guidemark Smallmid CapPairCorr
  0.86RLSFX Riverpark Long/shortPairCorr
  0.72PCLAX Pimco CommoditiesplusPairCorr
  0.86CETAX Centerstone InvestorsPairCorr
  0.95MPIBX Bny Mellon IntermediatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Aama Mutual Fund performing well and Aama Income 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 Income'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMFEX  0.54  0.19  0.07 (3.04) 0.42 
(0.62)
 1.66 
(0.96)
 3.67 
AMFIX  0.04  0.00 (2.13) 1.26  0.00 
(0.05)
 0.08 
(0.08)
 0.21 
SPVZX  0.66  0.16  0.16  0.33  0.43 
(0.83)
 1.94 
(1.02)
 5.07 
MRCVX  0.22  0.03 (0.22) 0.28  0.00 
(0.31)
 0.46 
(0.44)
 1.48 
TRSJX  0.50  0.09  0.07  0.26  0.36 
(0.57)
 1.56 
(1.21)
 3.71 
VSVNX  0.49  0.23  0.13 (3.11) 0.22 
(0.59)
 1.45 
(1.14)
 3.24 
NGDRX  0.73  0.29  0.15 (4.52) 0.50 
(0.84)
 2.25 
(1.32)
 5.20 
FKAIX  0.89  0.18  0.17  0.31  0.73 
(1.04)
 2.41 
(1.62)
 6.11 
BUIHX  0.13  0.04 (0.39) 0.55  0.00 
(0.18)
 0.38 
(0.19)
 0.97 
AVCNX  0.93  0.17  0.17  0.31  0.68 
(1.14)
 2.49 
(1.42)
 6.37 

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