Aam/himco Short Correlations

ASDAX Fund

USD 10.04 0.01 0.1%

The current 90-days correlation between Aamhimco Short Duration and Calvert Moderate Allocation is 0.5 (i.e., Very weak diversification). The correlation of Aam/himco Short 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.

Aam/himco Short Correlation With Market

Very good diversification

The correlation between Aamhimco Short Duration and DJI is -0.41 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aamhimco Short Duration 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 Aamhimco Short Duration. 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 nation.

Moving together with Aam/himco Mutual Fund

0.74	PTSPX	Pimco Short Term	Pair Corr
0.78	PTSHX	Short Term Fund	Pair Corr
0.78	PSFAX	Short Term Fund	Pair Corr
0.76	PTSRX	Short Term Fund	Pair Corr
0.89	PSDNX	Putnam Ultra Short	Pair Corr
0.84	LUSNX	Lord Abbett Ultra	Pair Corr
0.94	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.89	PSDRX	Putnam Short Duration	Pair Corr
0.85	PSDYX	Putnam Short Duration	Pair Corr
0.68	ANBIX	Ab Bond Inflation	Pair Corr
0.66	TGROX	Tiaa Cref Green	Pair Corr

Moving against Aam/himco Mutual Fund

0.73	VSTSX	Vanguard Total Stock	Pair Corr
0.73	VSMPX	Vanguard Total Stock	Pair Corr
0.73	VITSX	Vanguard Total Stock	Pair Corr
0.73	VTSAX	Vanguard Total Stock	Pair Corr
0.72	VFFSX	Vanguard 500 Index	Pair Corr
0.72	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VINIX	Vanguard Institutional	Pair Corr
0.77	AXP	American Express	Pair Corr
0.68	HD	Home Depot Earnings Call This Week	Pair Corr
0.63	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.6	BAC	Bank of America Aggressive Push	Pair Corr
0.58	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.56	IBM	International Business	Pair Corr
0.56	WMT	Walmart Aggressive Push	Pair Corr
0.52	CAT	Caterpillar	Pair Corr
0.46	MSFT	Microsoft Aggressive Push	Pair Corr
0.38	MMM	3M Company	Pair Corr
0.35	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.32	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	CMACX	PLJTX	MSTSX	BBLIX	OWLSX	CBSYX	SBFIX
CMACX		0.92	0.96	0.98	0.98	0.88	0.9	CMACX
PLJTX	0.92		0.86	0.9	0.93	0.81	0.99	PLJTX
MSTSX	0.96	0.86		0.91	0.93	0.89	0.87	MSTSX
BBLIX	0.98	0.9	0.91		0.98	0.85	0.88	BBLIX
OWLSX	0.98	0.93	0.93	0.98		0.9	0.93	OWLSX
CBSYX	0.88	0.81	0.89	0.85	0.9		0.86	CBSYX
SBFIX	0.9	0.99	0.87	0.88	0.93	0.86		SBFIX
	CMACX	PLJTX	MSTSX	BBLIX	OWLSX	CBSYX	SBFIX

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Risk-Adjusted Indicators

There is a big difference between Aam/himco Mutual Fund performing well and Aam/himco Short 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 Aam/himco Short'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
CMACX	0.72	(0.04)	0.00	0.52	0.00	0.00	1.25	(1.55)	6.84
PLJTX	1.07	0.07	0.00	(0.06)	0.00	0.00	1.85	(2.43)	10.75
MSTSX	0.89	(0.02)	0.00	0.09	0.00	0.00	1.61	(1.54)	10.06
BBLIX	1.07	(0.04)	0.00	0.20	0.00	0.00	1.74	(2.37)	10.74
OWLSX	1.02	(0.05)	0.00	0.61	0.00	0.00	1.59	(2.24)	10.33
CBSYX	0.45	0.01	0.22	(0.31)	0.60	(0.48)	0.86	(0.86)	3.39
SBFIX	0.68	0.04	0.00	(0.05)	0.00	0.00	1.20	(1.20)	5.55

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