Aam/himco Short Correlations

Mutual Funds . USA . 
Fund . Aamhimco Short Duration
ASDCX Fund  USD 10.02  0.01  0.1%   
The current 90-days correlation between Aamhimco Short Duration and Vanguard Information Technology is -0.47 (i.e., Very good 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 main economic indicators.

Moving together with Aam/himco Mutual Fund

  0.86ASDIX Aamhimco Short DurationPairCorr
  0.85ASDAX Aamhimco Short DurationPairCorr
  0.78PTSPX Pimco Short TermPairCorr
  0.78PTSHX Short Term FundPairCorr
  0.78PSFAX Short Term FundPairCorr
  0.75PTSRX Short Term FundPairCorr
  0.84PSDNX Putnam Ultra ShortPairCorr
  0.82LUSNX Lord Abbett UltraPairCorr
  0.87VUBFX Vanguard Ultra-short-termPairCorr
  0.83PSDRX Putnam Short DurationPairCorr
  0.87PSDYX Putnam Short DurationPairCorr
  0.94DLSNX Doubleline Low DurationPairCorr
  0.83DBELX Doubleline EmergingPairCorr
  0.87STBRX Invesco Short TermPairCorr
  0.62CIVKX American Funds InterPairCorr
  0.87TIIWX Tiaa-cref Inflation-linkedPairCorr
  0.85ABNZX Ab Bond InflationPairCorr

Related Correlations Analysis

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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.

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