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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 producer price index.

Moving together with Aim Mutual Fund

  0.85FGBRX Templeton Global BondPairCorr
  0.85FBNRX Templeton Global BondPairCorr
  0.8RCWBX Capital World BondPairCorr
  0.81CCWFX Capital World BondPairCorr
  0.8CCWCX Capital World BondPairCorr
  0.81RCWEX Capital World BondPairCorr
  0.81CCWEX Capital World BondPairCorr
  0.82RCWGX Capital World BondPairCorr
  0.82RCWFX Capital World BondPairCorr
  0.66TTEEX T Rowe PricePairCorr
  0.68RRSVX Rbc Small CapPairCorr
  0.71HERSX Hartford Emerging MarketsPairCorr
  0.73AISTX Limited DurationPairCorr
  0.68CSCO Cisco SystemsPairCorr
  0.61JPM JPMorgan ChasePairCorr
  0.81PFE Pfizer IncPairCorr
  0.75DD Dupont De NemoursPairCorr
  0.66BAC Bank of AmericaPairCorr
  0.72T ATT IncPairCorr
  0.64CVX Chevron CorpPairCorr
  0.62DIS Walt DisneyPairCorr

Moving against Aim Mutual Fund

  0.32MCD McDonaldsPairCorr

Related Correlations Analysis

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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.