Amana Income Correlations

Mutual Funds . USA . 
Fund . Amana Income Fund
AMINX Fund  USD 69.71  0.34  0.49%   
The current 90-days correlation between Amana Income and Transamerica Asset Allocation is 0.94 (i.e., Almost no diversification). The correlation of Amana 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.

Amana Income Correlation With Market

Almost no diversification

The correlation between Amana Income Fund and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana 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 Amana 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 board of governors.

Moving together with Amana Mutual Fund

  0.97AMDWX Amana Developing WorldPairCorr
  0.99AMIGX Amana GrowthPairCorr
  0.97AMIDX Amana Developing WorldPairCorr
  0.61AMIPX Amana ParticipationPairCorr
  1.0AMANX Amana IncomePairCorr
  0.64AMAPX Amana ParticipationPairCorr
  0.99AMAGX Amana GrowthPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.97THIDX Toews Tactical OceanaPairCorr
  0.97BXMIX Blackstone AlternativePairCorr
  0.93FLMVX Jpmorgan Mid CapPairCorr
  0.98MGHYX Deutsche Global HighPairCorr
  0.99CSXAX Calvert Large CapPairCorr
  0.94WIIOX Wasatch InternationalPairCorr
  0.99MCCVX Mainstay ConvertiblePairCorr
  0.97VTAIX Virtus Tactical AlloPairCorr
  0.98BLSIX Blackrock EmergingPairCorr
  0.92GEACX Gmo Trust Steady GrowthPairCorr
  0.94ELBCX Ashmore Emerging MarketsPairCorr
  0.92JSCOX Perkins Small CapPairCorr
  0.99JHLGX Multimanager LifestylePairCorr
  0.99IWGCX Ivy Wilshire GlobalPairCorr
  0.9PVIVX Paradigm Micro CapPairCorr
  0.99HLSCX Hartford DisciplinedPairCorr
  0.97TNBRX 1290 Smartbeta EquityPairCorr
  0.98PQIPX Pimco Dividend AndPairCorr
  0.74FLIAX First Sentier AmericanPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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