Income Fund Correlations

Mutual Funds USA . 
Fund . Income Fund Of
CIMEX Fund  USD 27.76  0.13  0.47%   
The current 90-days correlation between Income Fund and First Eagle Gold is 0.39 (i.e., Weak diversification). The correlation of Income Fund 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.

Income Fund Correlation With Market

Very poor diversification

The correlation between Income Fund Of and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Of 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 Income Fund Of. 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 banks.

Moving together with Income Mutual Fund

  1.0AMECX Income FundPairCorr
  0.73RNEBX New World FundPairCorr
  0.92AMFCX American MutualPairCorr
  0.92AMFFX American MutualPairCorr
  0.95RNCCX American Funds IncomePairCorr
  1.0AMEFX Income FundPairCorr
  0.69RNGGX New Economy FundPairCorr
  0.69RNGFX New Economy FundPairCorr
  0.69RNGEX New Economy FundPairCorr
  0.69RNGCX New Economy FundPairCorr
  0.64AMHIX American High IncomePairCorr
  0.65TEBCX Tax Exempt BondPairCorr
  0.64TECCX Tax Exempt FundPairCorr
  0.64TEAFX Tax Exempt BondPairCorr
  0.94FPTPX American Funds ConsePairCorr
  0.82CDJAX American Funds CollegePairCorr
  0.72AMPFX Amcap Fund ClassPairCorr
  0.77RNPAX New PerspectivePairCorr
  0.77RNPGX New PerspectivePairCorr
  0.77RNPCX New PerspectivePairCorr
  0.92AMRFX American MutualPairCorr
  0.61AMUSX Us Government SecuritiesPairCorr
  0.72RNWFX New World FundPairCorr
  0.73RNWAX New World FundPairCorr
  0.66ANBEX American Funds StrategicPairCorr
  0.81ANCFX American Funds FundaPairCorr
  0.77NPFCX New PerspectivePairCorr
  0.77NPFFX New PerspectivePairCorr
  0.63TFEBX Tax Exempt BondPairCorr
  0.76CENAX American Funds LegePairCorr
  0.77ANWPX New PerspectivePairCorr
  0.82BALFX American BalancedPairCorr
  0.83BALCX American BalancedPairCorr
  0.8CWGIX Capital World GrowthPairCorr
  0.8CWGFX Capital World GrowthPairCorr
  0.8CWGCX Capital World GrowthPairCorr
  0.62TXEFX American Funds TaxPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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