Amana Developing Correlations

Mutual Funds . USA . 
Fund . Amana Developing World
AMDWX Fund  USD 13.73  0.02  0.15%   
The current 90-days correlation between Amana Developing World and Azzad Ethical Fund is 0.08 (i.e., Significant diversification). The correlation of Amana Developing 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.

Amana Developing Correlation With Market

Poor diversification

The correlation between Amana Developing World and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Developing World 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 Amana Developing World. 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 housing.

Moving together with Amana Mutual Fund

  0.97AMIGX Amana GrowthPairCorr
  1.0AMIDX Amana Developing WorldPairCorr
  0.97AMINX Amana IncomePairCorr
  0.74AMIPX Amana ParticipationPairCorr
  0.96AMANX Amana IncomePairCorr
  0.75AMAPX Amana ParticipationPairCorr
  0.95AMAGX Amana GrowthPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr
  0.98VEMIX Vanguard Emerging MarketsPairCorr
  0.98VEMRX Vanguard Emerging MarketsPairCorr
  0.98FWWNX American Funds NewPairCorr
  0.98FNFWX American Funds NewPairCorr
  0.97NEWFX New World FundPairCorr
  0.98NWFFX New World FundPairCorr
  0.98NEWCX New World FundPairCorr
  0.96ODVYX Oppenheimer DevelopingPairCorr
  0.93ERH Allspring Utilities AndPairCorr
  0.97WHIYX Ivy High IncomePairCorr
  0.97IVHIX Ivy High IncomePairCorr
  0.97IHIFX Ivy High IncomePairCorr
  0.97WRHIX Ivy High IncomePairCorr
  0.97WHIAX Ivy High IncomePairCorr
  0.83CSJZX Cohen Steers RealtyPairCorr
  0.83CSRSX Cohen Steers RealtyPairCorr
  0.98BSMIX Blackrock Smallmid CapPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.96SPECX Alger SpectraPairCorr
  0.97FSLBX Brokerage And InvestmentPairCorr
  0.97AACPX American Century OnePairCorr
  0.73RYHEX Health Care FundPairCorr
  0.65CCWCX Capital World BondPairCorr
  0.83BGY Blackrock InternationalPairCorr
  0.96BICPX Blackrock ConservativePairCorr
  0.97MBXFX Catalystmillburn HedgePairCorr
  0.99ACMDX Absolute Capital DefenderPairCorr
  0.98FERGX Fidelity Sai EmergingPairCorr
  0.96HDVRX Hartford InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Amana Mutual Fund performing well and Amana Developing 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 Amana Developing'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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