Amana Developing Correlations

Mutual Funds . USA . 
Fund . Amana Developing World
AMIDX Fund  USD 13.74  0.05  0.36%   
The current 90-days correlation between Amana Developing World and Amana Growth Fund is 0.89 (i.e., Very poor 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 good diversification

The correlation between Amana Developing World and DJI is -0.36 (i.e., Very good 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

  0.97AMDWX Amana Developing WorldPairCorr
  0.97AMIGX Amana GrowthPairCorr
  0.98AMINX Amana IncomePairCorr
  0.67AMIPX Amana ParticipationPairCorr
  0.98AMANX Amana IncomePairCorr
  0.7AMAPX Amana ParticipationPairCorr
  0.97AMAGX Amana GrowthPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.98FWWNX American Funds NewPairCorr
  0.98FNFWX American Funds NewPairCorr
  0.98NEWFX New World FundPairCorr
  0.96NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.94ERH Allspring Utilities AndPairCorr
  0.97WHIYX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.96IHIFX Ivy High IncomePairCorr
  0.96WRHIX Ivy High IncomePairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.9CSJZX Cohen Steers RealtyPairCorr
  0.82CSRSX Cohen Steers RealtyPairCorr
  0.98BSMIX Blackrock Smallmid CapPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.95SPECX Alger SpectraPairCorr
  0.98FSLBX Brokerage And InvestmentPairCorr
  0.96AACPX American Century OnePairCorr
  0.75RYHEX Health Care FundPairCorr
  0.76CCWCX Capital World BondPairCorr
  0.88BGY Blackrock InternationalPairCorr
  0.97BICPX Blackrock ConservativePairCorr
  0.98MBXFX Catalystmillburn HedgePairCorr
  0.98ACMDX Absolute Capital DefenderPairCorr
  0.99FERGX Fidelity Sai EmergingPairCorr
  0.97HDVRX Hartford InternationalPairCorr

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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