Aam/himco Short Correlations

Mutual Funds . USA . 
Fund . Aamhimco Short Duration
ASDAX Fund  USD 10.09  0.01  0.1%   
The current 90-days correlation between Aamhimco Short Duration and Aamhimco Short Duration is 0.71 (i.e., Poor diversification). The correlation of Aam/himco Short 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.

Aam/himco Short Correlation With Market

Good diversification

The correlation between Aamhimco Short Duration and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aamhimco Short Duration 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 Aamhimco Short Duration. 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 nation.

Moving together with Aam/himco Mutual Fund

  0.99ASDIX Aamhimco Short DurationPairCorr
  0.99ASDCX Aamhimco Short DurationPairCorr
  0.92AFNIX Aambahl Gaynor IncomePairCorr
  0.91AFNAX Aambahl Gaynor IncomePairCorr
  0.91AFYCX Aambahl Gaynor IncomePairCorr
  0.95CPUCX Aam Select IncomePairCorr
  0.96CPUAX Aam Select IncomePairCorr
  0.95CPUIX Aam Select IncomePairCorr
  0.93PTSPX Pimco Short TermPairCorr
  0.92PTSHX Short Term FundPairCorr
  0.91PSFAX Short Term FundPairCorr
  0.91PTSRX Short Term FundPairCorr
  0.96PSDNX Putnam Ultra ShortPairCorr
  0.95LUSNX Lord Abbett UltraPairCorr
  0.99VUBFX Vanguard Ultra ShortPairCorr
  0.95PSDRX Putnam Short DurationPairCorr
  0.96PSDYX Putnam Short DurationPairCorr
  0.63MIDSX Midas Fund MidasPairCorr
  0.67FGPMX Franklin Gold AndPairCorr
  0.67FKRCX Franklin Gold PreciousPairCorr
  0.66FRGOX Franklin Gold PreciousPairCorr
  0.92ACSYX Invesco ComstockPairCorr
  0.96FULAX Federated Ultrashort BondPairCorr
  0.83CEMCX Calvert Emerging MarketsPairCorr
  0.91GSFRX Goldman Sachs HighPairCorr
  0.84OSTGX Osterweis EmergingPairCorr
  0.94SVPBX Goldman Sachs StrategicPairCorr
  0.9CENNX Centerstone InvestorsPairCorr
  0.87HDPMX Hodges Fund RetailPairCorr
  0.92VFIFX Vanguard Target RetiPairCorr
  0.93BRXTX Mfs Blended ResearchPairCorr
  0.91AAEDX American Century OnePairCorr
  0.81VBMFX Vanguard Total BondPairCorr
  0.85AMAPX Amana ParticipationPairCorr
  0.9CSXAX Calvert Large CapPairCorr
  0.95PADQX Prudential AbsolutePairCorr
  0.89JLGAX Jag Large CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aam/himco Mutual Fund performing well and Aam/himco Short 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 Aam/himco Short'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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