Aamhimco Short Correlations

Mutual Funds . USA . 
Fund . Aamhimco Short Duration
ASDCX Fund  USD 10.06  0.01  0.1%   
The current 90-days correlation between Aamhimco Short Duration and Fidelity Real Estate is 0.42 (i.e., Very weak diversification). The correlation of Aamhimco 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.

Aamhimco Short Correlation With Market

Significant diversification

The correlation between Aamhimco Short Duration and DJI is 0.07 (i.e., Significant 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 Aamhimco Mutual Fund

  0.99ASDIX Aamhimco Short DurationPairCorr
  0.99ASDAX Aamhimco Short DurationPairCorr
  0.91AFNIX Aambahl Gaynor IncomePairCorr
  0.9AFNAX Aambahl Gaynor IncomePairCorr
  0.9AFYCX Aambahl Gaynor IncomePairCorr
  0.92CPUCX Aam Select IncomePairCorr
  0.95CPUAX Aam Select IncomePairCorr
  0.93CPUIX Aam Select IncomePairCorr
  0.9PTSPX Pimco Short TermPairCorr
  0.9PTSHX Short Term FundPairCorr
  0.89PSFAX Short Term FundPairCorr
  0.89PTSRX Short Term FundPairCorr
  0.94PSDNX Putnam Ultra ShortPairCorr
  0.92LUSNX Lord Abbett UltraPairCorr
  0.98VUBFX Vanguard Ultra-short-termPairCorr
  0.94PSDRX Putnam Short DurationPairCorr
  0.94PSDYX Putnam Short DurationPairCorr
  0.92SMPSX Semiconductor UltrasectorPairCorr
  0.92SMPIX Semiconductor UltrasectorPairCorr
  0.9TREMX T Rowe PricePairCorr
  0.93ONERX One Rock FundPairCorr
  0.9TTEEX T Rowe PricePairCorr
  0.92FIKGX Fidelity Advisor SemPairCorr
  0.92FELIX Fidelity Advisor SemPairCorr
  0.92FSELX Fidelity Select SemiPairCorr
  0.92FELAX Fidelity Advisor SemPairCorr
  0.92FELTX Fidelity Advisor SemPairCorr
  0.85GAUAX Gabelli UtilitiesPairCorr
  0.87HRBDX Harbor Bond FundPairCorr
  0.94ACEFX Absolute Cef OpportuPairCorr
  0.93LYRNX Lyrical InternationalPairCorr
  0.93HBARX Hartford ModeratePairCorr
  0.91ESCFX 1290 FundsPairCorr
  0.92TRSTX T Rowe PricePairCorr
  0.94MIDFX Marsico Midcap GrowthPairCorr
  0.92EPSIX Mainstay Epoch GlobalPairCorr
  0.98TSHRX Transamerica AssetPairCorr
  0.91SSAQX State Street CorePairCorr
  0.69SEIRX Simt Real EstatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aamhimco Mutual Fund performing well and Aamhimco 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 Aamhimco 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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