Amana Developing Correlations

Mutual Funds . USA . 
Fund . Amana Developing World
AMIDX Fund  USD 13.78  0.03  0.22%   
The current 90-days correlation between Amana Developing World and Nationwide Bailard Technology is -0.08 (i.e., Good diversification). The correlation of Amana Developing 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 Developing Correlation With Market

Very weak diversification

The correlation between Amana Developing World and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Developing World 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 Developing World. 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 unemployment.

Moving together with Amana Mutual Fund

  0.83AMIGX Amana GrowthPairCorr
  0.66AMINX Amana IncomePairCorr
  0.69AMIPX Amana ParticipationPairCorr
  0.97AMANX Amana IncomePairCorr
  0.66AMAPX Amana ParticipationPairCorr
  0.85VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr
  0.98VEMIX Vanguard Emerging MarketsPairCorr
  0.85VEMRX Vanguard Emerging MarketsPairCorr
  0.84FWWNX American Funds NewPairCorr
  0.84FNFWX American Funds NewPairCorr
  0.84NEWFX New World FundPairCorr
  0.98NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.85ODVYX Oppenheimer DevelopingPairCorr
  0.88LIIAX Columbia Porate IncomePairCorr
  0.87SRINX Columbia Porate IncomePairCorr
  0.84WRHIX Ivy High IncomePairCorr
  0.83WHIAX Ivy High IncomePairCorr
  0.82IHIFX Ivy High IncomePairCorr
  0.97IVHIX Ivy High IncomePairCorr
  0.64LSYIX Lord Abbett ShortPairCorr
  0.84ARAHX Aristotle Funds SeriesPairCorr
  0.75MIGAX Corporate Bond PortfolioPairCorr
  0.83PAXLX Pax Large CapPairCorr
  0.61TIIUX Core Fixed IncomePairCorr
  0.66WAPRX Western Asset EPairCorr
  0.65UITBX Intermediate Term BondPairCorr
  0.83STLYX Simt Tax ManagedPairCorr
  0.77VFSTX Vanguard Short TermPairCorr
  0.94SAAAX Simt Multi AssetPairCorr
  0.97EVT Eaton Vance TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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