Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUCX Fund  USD 9.35  0.02  0.21%   
The current 90-days correlation between Aam Select Income and Alpine High Yield is 0.09 (i.e., Significant 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

Average diversification

The correlation between Aam Select Income and DJI is 0.12 (i.e., Average 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 interest.

Moving together with Aam Mutual Fund

  0.92ASDIX Aamhimco Short DurationPairCorr
  0.94ASDAX Aamhimco Short DurationPairCorr
  0.93ASDCX Aamhimco Short DurationPairCorr
  0.86AFNIX Aambahl Gaynor IncomePairCorr
  0.87AFNAX Aambahl Gaynor IncomePairCorr
  0.86AFYCX Aambahl Gaynor IncomePairCorr
  0.97CPUAX Aam Select IncomePairCorr
  0.97CPUIX 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
  0.99PIGIX Investment Grade PoratePairCorr
  0.97PGCAX Investment Grade PoratePairCorr
  0.97PBDAX Investment Grade PoratePairCorr
  0.96PBDCX Investment Grade PoratePairCorr
  0.98PCNNX Pimco Investment GradePairCorr
  0.79PMPIX Precious Metals UltrPairCorr
  0.79PMPSX Precious Metals UltrPairCorr
  0.85FGPMX Franklin Gold AndPairCorr
  0.87FRGOX Franklin Gold PreciousPairCorr
  0.85MIDSX Midas Fund MidasPairCorr
  0.81FIJDX Gold Portfolio FidelityPairCorr
  0.88JTSQX Jp Morgan SmartretirementPairCorr
  0.84ACIZX Alger Capital ApprecPairCorr
  0.84BRWUX Mfs Blended ResearchPairCorr
  0.91TSAMX Thornburg SummitPairCorr
  0.88TFIHX Tiaa Cref LifecyclePairCorr
  0.8FBCJX FbcjxPairCorr
  0.97IIBOX Voya Intermediate BondPairCorr
  0.82EPLKX Mainstay Epoch EquityPairCorr
  0.94LINAX Blackrock Lifepath IdxPairCorr
  0.89MNBWX Manning Napier ProPairCorr
  0.62MXVHX Great West TPairCorr
  0.92PHAYX Putnam High YieldPairCorr
  0.9TWSAX Strategic Allocation:PairCorr
  0.85DILCX Davis InternationalPairCorr

Related Correlations Analysis


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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