American Independence Correlations

IKSTX Fund

USD 10.04 0.01 0.1%

The current 90-days correlation between American Independence and American Independence Inflation Protected is -0.15 (i.e., Good diversification). The correlation of American Independence 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.

American Independence Correlation With Market

Good diversification

The correlation between American Independence Kansas and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Independence Kansas and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in American Independence Kansas. 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 estimate.

Moving together with American Mutual Fund

0.98	SEKSX	American Independence	Pair Corr
0.97	HICOX	Colorado Bondshares	Pair Corr
0.91	HULFX	Hawaiian Tax Free	Pair Corr
0.96	ORTYX	Aquila Tax Free	Pair Corr
0.77	GAAKX	Gmo Alternative Allo	Pair Corr
0.76	GAAGX	Gmo Alternative Allo	Pair Corr
0.76	GPBFX	Gmo E Plus	Pair Corr
0.94	ALCEX	Avantis Large Cap	Pair Corr
0.87	AKRSX	Akre Focus Fund	Pair Corr
0.94	HCMBX	Hcm Dynamic Income	Pair Corr
0.95	HBADX	Hartford Moderate	Pair Corr
0.94	QCERX	Aqr Large Cap	Pair Corr
0.95	VNEYX	Vontobel Global Envi	Pair Corr
0.93	FIVFX	Fidelity International	Pair Corr
0.73	IIBZX	Voya Intermediate Bond	Pair Corr
0.89	SEPCX	Energy Basic Materials	Pair Corr
0.96	RPIDX	T Rowe Price	Pair Corr
0.95	FDAAX	Franklin Floating Rate	Pair Corr
0.95	LTINX	Principal Lifetime 2015	Pair Corr
0.95	GWPCX	American Funds Growth	Pair Corr
0.96	HRLTX	Hartford Global	Pair Corr
0.95	SDYAX	Simt Dynamic Asset	Pair Corr
0.9	MIOPX	International Opportunity	Pair Corr
0.96	IOBAX	Icon Bond Fund	Pair Corr
0.95	CHW	Calamos Global Dynamic	Pair Corr
0.94	OTCNX	Oppenheimer Cap Apprec	Pair Corr
0.85	RPNIX	Riverpark/next Century	Pair Corr
0.95	VWENX	Vanguard Wellington	Pair Corr
0.94	VGRLX	Vanguard Global Ex	Pair Corr
0.9	FSRFX	Transportation Portfolio	Pair Corr

Moving against American Mutual Fund

0.37

GPMFX

Guidepath Managed Futures

Pair Corr

Related Correlations Analysis

	IKSTX	FCIHX	SEKSX	PGWTX	TDVFX	AVCNX	VVSCX	ISEIX	OARDX	CBALX
IKSTX		0.82	0.98	0.96	0.94	0.93	0.91	0.95	0.96	0.96	IKSTX
FCIHX	0.82		0.84	0.85	0.83	0.85	0.81	0.88	0.85	0.84	FCIHX
SEKSX	0.98	0.84		0.95	0.93	0.93	0.91	0.96	0.95	0.96	SEKSX
PGWTX	0.96	0.85	0.95		0.96	0.98	0.96	0.98	1.0	1.0	PGWTX
TDVFX	0.94	0.83	0.93	0.96		0.97	0.95	0.97	0.96	0.96	TDVFX
AVCNX	0.93	0.85	0.93	0.98	0.97		0.99	0.96	0.98	0.97	AVCNX
VVSCX	0.91	0.81	0.91	0.96	0.95	0.99		0.94	0.97	0.96	VVSCX
ISEIX	0.95	0.88	0.96	0.98	0.97	0.96	0.94		0.98	0.98	ISEIX
OARDX	0.96	0.85	0.95	1.0	0.96	0.98	0.97	0.98		1.0	OARDX
CBALX	0.96	0.84	0.96	1.0	0.96	0.97	0.96	0.98	1.0		CBALX
	IKSTX	FCIHX	SEKSX	PGWTX	TDVFX	AVCNX	VVSCX	ISEIX	OARDX	CBALX

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Independence 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 American Independence'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IKSTX	0.10	0.02	(0.67)	(0.75)	0.00	(0.15)	0.20	(0.20)	0.71
FCIHX	0.63	0.02	(0.05)	0.17	0.70	(0.68)	1.34	(1.23)	3.88
SEKSX	0.10	0.01	(0.74)	0.68	0.00	(0.15)	0.20	(0.20)	0.70
PGWTX	0.65	0.27	0.14	(3.09)	0.48	(0.76)	2.04	(1.01)	5.07
TDVFX	1.15	0.21	0.19	0.35	0.80	(1.46)	2.90	(1.49)	8.37
AVCNX	0.94	0.29	0.12	(1.33)	0.77	(1.15)	2.49	(1.52)	6.37
VVSCX	0.91	0.26	0.09	(1.44)	0.88	(1.10)	2.26	(1.77)	5.89
ISEIX	0.41	0.08	0.04	0.29	0.20	(0.48)	1.42	(1.00)	3.03
OARDX	0.59	0.22	0.09	(3.60)	0.44	(0.73)	1.79	(1.21)	4.09
CBALX	0.41	0.17	0.04	(2.95)	0.28	(0.46)	1.44	(0.91)	3.25

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