Aim Investment Correlations
INBQX Fund | USD 4.65 0.00 0.00% |
The current 90-days correlation between Aim Investment Funds and Intermediate Term Tax Free Bond is -0.09 (i.e., Good diversification). The correlation of Aim Investment 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.
Aim |
Moving together with Aim Mutual Fund
0.85 | FGBRX | Templeton Global Bond | PairCorr |
0.85 | FBNRX | Templeton Global Bond | PairCorr |
0.8 | RCWBX | Capital World Bond | PairCorr |
0.81 | CCWFX | Capital World Bond | PairCorr |
0.8 | CCWCX | Capital World Bond | PairCorr |
0.81 | RCWEX | Capital World Bond | PairCorr |
0.81 | CCWEX | Capital World Bond | PairCorr |
0.82 | RCWGX | Capital World Bond | PairCorr |
0.82 | RCWFX | Capital World Bond | PairCorr |
0.66 | TTEEX | T Rowe Price | PairCorr |
0.68 | RRSVX | Rbc Small Cap | PairCorr |
0.71 | HERSX | Hartford Emerging Markets | PairCorr |
0.73 | AISTX | Limited Duration | PairCorr |
0.68 | CSCO | Cisco Systems | PairCorr |
0.61 | JPM | JPMorgan Chase | PairCorr |
0.81 | PFE | Pfizer Inc | PairCorr |
0.75 | DD | Dupont De Nemours | PairCorr |
0.66 | BAC | Bank of America | PairCorr |
0.72 | T | ATT Inc | PairCorr |
0.64 | CVX | Chevron Corp | PairCorr |
0.62 | DIS | Walt Disney | PairCorr |
Moving against Aim Mutual Fund
Related Correlations Analysis
0.97 | 0.94 | 0.98 | 0.42 | 0.99 | TWTIX | ||
0.97 | 0.86 | 0.91 | 0.26 | 0.93 | NSAOX | ||
0.94 | 0.86 | 0.98 | 0.48 | 0.98 | OWCAX | ||
0.98 | 0.91 | 0.98 | 0.51 | 0.99 | BBINX | ||
0.42 | 0.26 | 0.48 | 0.51 | 0.46 | TUGXX | ||
0.99 | 0.93 | 0.98 | 0.99 | 0.46 | PCMNX | ||
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Risk-Adjusted Indicators
There is a big difference between Aim Mutual Fund performing well and Aim Investment 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 Aim Investment'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TWTIX | 0.23 | 0.00 | (0.16) | 0.07 | 0.47 | 0.47 | 2.72 | |||
NSAOX | 0.30 | (0.01) | 0.00 | 0.16 | 0.00 | 0.61 | 3.59 | |||
OWCAX | 0.16 | 0.01 | (0.19) | (0.02) | 0.31 | 0.32 | 1.71 | |||
BBINX | 0.20 | 0.01 | (0.18) | 0.03 | 0.38 | 0.39 | 2.21 | |||
TUGXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
PCMNX | 0.22 | 0.01 | (0.16) | 0.00 | 0.43 | 0.34 | 2.48 |