Aim Investment Correlations

INBQX Fund

USD 4.52 0.01 0.22%

The current 90-days correlation between Aim Investment Funds and Invesco Municipal Income is 0.31 (i.e., Weak 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 Investment Correlation With Market

Average diversification

The correlation between Aim Investment Funds and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aim Investment Funds 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 Aim Investment Funds. 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

0.75	OSICX	Oppenheimer Strategic	Pair Corr
0.65	OSMAX	Oppenheimer International	Pair Corr
0.64	OSMCX	Oppenheimer International	Pair Corr
0.9	EMLDX	Invesco Emerging Markets	Pair Corr
0.65	STBAX	Invesco Short Term	Pair Corr
0.66	STBCX	Invesco Short Term	Pair Corr
0.66	STBYX	Invesco Short Term	Pair Corr
0.67	STBRX	Invesco Short Term	Pair Corr

Moving against Aim Mutual Fund

0.42	VMICX	Invesco Municipal Income	Pair Corr
0.41	VMINX	Invesco Municipal Income	Pair Corr
0.4	VMIIX	Invesco Municipal Income	Pair Corr
0.45	OCACX	Oppenheimer Roc Ca	Pair Corr

Related Correlations Analysis

	VMICX	VMINX	VMIIX	OARDX	AMHYX	OSICX	OSMAX	OSMCX	HYIFX	HYINX
VMICX		1.0	1.0	0.58	0.75	0.18	0.05	0.07	0.76	0.76	VMICX
VMINX	1.0		1.0	0.59	0.75	0.19	0.07	0.08	0.76	0.76	VMINX
VMIIX	1.0	1.0		0.58	0.75	0.2	0.07	0.08	0.76	0.76	VMIIX
OARDX	0.58	0.59	0.58		0.88	0.22	0.66	0.67	0.88	0.87	OARDX
AMHYX	0.75	0.75	0.75	0.88		0.49	0.61	0.62	0.99	0.99	AMHYX
OSICX	0.18	0.19	0.2	0.22	0.49		0.63	0.63	0.49	0.48	OSICX
OSMAX	0.05	0.07	0.07	0.66	0.61	0.63		1.0	0.61	0.6	OSMAX
OSMCX	0.07	0.08	0.08	0.67	0.62	0.63	1.0		0.62	0.61	OSMCX
HYIFX	0.76	0.76	0.76	0.88	0.99	0.49	0.61	0.62		0.99	HYIFX
HYINX	0.76	0.76	0.76	0.87	0.99	0.48	0.6	0.61	0.99		HYINX
	VMICX	VMINX	VMIIX	OARDX	AMHYX	OSICX	OSMAX	OSMCX	HYIFX	HYINX

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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
VMICX	0.39	(0.04)	0.00	0.29	0.00	0.00	0.60	(1.66)	4.53
VMINX	0.39	(0.04)	0.00	0.28	0.00	0.00	0.60	(1.73)	4.60
VMIIX	0.39	(0.04)	0.00	0.26	0.00	0.00	0.60	(1.73)	4.61
OARDX	1.09	0.05	0.03	(0.01)	1.68	(1.10)	2.05	(2.45)	11.02
AMHYX	0.24	0.00	0.08	(0.03)	0.36	(0.35)	0.57	(0.57)	2.02
OSICX	0.27	0.03	0.14	1.90	0.29	(0.48)	0.65	(0.33)	2.24
OSMAX	0.85	0.13	0.11	0.17	1.17	(0.91)	1.79	(1.60)	7.32
OSMCX	0.86	0.12	0.11	0.16	1.17	(0.91)	1.81	(1.61)	7.31
HYIFX	0.22	0.00	0.09	(0.04)	0.32	(0.38)	0.58	(0.57)	2.02
HYINX	0.20	0.00	0.08	(0.04)	0.31	(0.37)	0.57	(0.58)	1.74

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