Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUAX Fund  USD 9.16  0.01  0.11%   
The current 90-days correlation between Aam Select Income and Deutsche Health And is 0.38 (i.e., Weak diversification). The correlation of Aam Select 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 Select Correlation With Market

Weak diversification

The correlation between Aam Select Income and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aam Select Income 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 Aam Select Income. 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 Mutual Fund

  0.95ASDIX Aamhimco Short DurationPairCorr
  0.96ASDAX Aamhimco Short DurationPairCorr
  0.95ASDCX Aamhimco Short DurationPairCorr
  0.85AFNIX Aambahl Gaynor IncomePairCorr
  0.85AFNAX Aambahl Gaynor IncomePairCorr
  0.85AFYCX Aambahl Gaynor IncomePairCorr
  1.0CPUCX Aam Select IncomePairCorr
  1.0CPUIX Aam Select IncomePairCorr
  0.99VICSX Vanguard IntermediatePairCorr
  0.98VFICX Vanguard Intermediate-terPairCorr
  0.98VFIDX Vanguard Intermediate-terPairCorr
  0.99VICBX Vanguard IntermediatePairCorr
  0.98PBDPX Pimco Investment GradePairCorr
  0.98PIGIX Investment Grade PoratePairCorr
  0.98PGCAX Investment Grade PoratePairCorr
  0.98PBDAX Investment Grade PoratePairCorr
  0.97PBDCX Investment Grade PoratePairCorr
  0.98PCNNX Pimco Investment GradePairCorr
  0.84CPAYX Columbia Pacific/asiaPairCorr
  0.89CASAX Columbia Pacific/asiaPairCorr
  0.72CCCZX Center St BrookfieldPairCorr
  0.89CASCX Columbia PacificasiaPairCorr
  0.82MSKLX Mid Cap GrowthPairCorr
  0.82CISGX Touchstone Sands CapitalPairCorr
  0.83MMCGX Mid Cap GrowthPairCorr
  0.86AMFFX American MutualPairCorr
  0.91SWAGX Schwab Aggregate BondPairCorr
  0.98PIMIX Pimco IncomePairCorr
  0.85QCSTPX College RetirementPairCorr
  0.84VFIAX Vanguard 500 IndexPairCorr
  0.87TLYRX Tiaa Cref LifecyclePairCorr
  0.81KAUCX Federated KaufmannPairCorr
  0.86EIVFX Wells Fargo IntrinsicPairCorr
  0.84PLAAX Pace Large GrowthPairCorr
  0.86GMHYX Mydestination 2035PairCorr
  0.84APHUX Artisan Floating RatePairCorr
  0.74MICFX Matthews China Steady GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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