Aamhimco Short Correlations

ASDIX Fund

USD 10.16 0.01 0.1%

The current 90-days correlation between Aamhimco Short Duration and Multimanager Lifestyle Growth is 0.12 (i.e., Average 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

Average diversification

The correlation between Aamhimco Short Duration and DJI is 0.14 (i.e., Average 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 gross domestic product.

Moving together with Aamhimco Mutual Fund

0.97	ASDAX	Aamhimco Short Duration	Pair Corr
0.97	ASDCX	Aamhimco Short Duration	Pair Corr
0.93	PTSPX	Pimco Short Term	Pair Corr
0.93	PTSHX	Short Term Fund	Pair Corr
0.93	PSFAX	Short Term Fund	Pair Corr
0.93	PTSRX	Short Term Fund	Pair Corr
0.93	PSDNX	Putnam Ultra Short	Pair Corr
0.91	LUSNX	Lord Abbett Ultra	Pair Corr
0.9	MUIIX	Ultra Short Income	Pair Corr
0.9	MUAIX	Ultra Short Income	Pair Corr
0.9	MULSX	Ultra Short Income	Pair Corr
0.63	VFIAX	Vanguard 500 Index	Pair Corr
0.64	LMLRX	Qs Defensive Growth	Pair Corr
0.87	TEDLX	Tiaa Cref Emerging	Pair Corr
0.61	SPIIX	Simt Sp 500	Pair Corr
0.61	JSGIX	John Hancock Strategic	Pair Corr
0.71	PNRCX	Jennison Natural Res	Pair Corr
0.94	BMNSX	Baird E Intermediate	Pair Corr
0.92	LAIIX	Lord Abbett Intermediate	Pair Corr
0.63	VFINX	Vanguard 500 Index	Pair Corr
0.76	JFEIX	Jpmorgan Intrepid	Pair Corr
0.81	OEMAX	Ophmr Eml Dbt	Pair Corr
0.68	CFIMX	Clipper Fund	Pair Corr
0.8	IVFAX	Federated International	Pair Corr
0.65	FTRCX	Franklin Lifesmart 2035	Pair Corr
0.86	ECVAX	Eaton Vance Virginia	Pair Corr
0.64	TCHHX	Tiaa Cref Lifecycle	Pair Corr
0.76	XEODX	Wells Fargo Global	Pair Corr

Moving against Aamhimco Mutual Fund

0.41

NHS

Neuberger Berman High

Pair Corr

Related Correlations Analysis

	JTGIX	JLGSX	LLLRX	IVGAX	PSIJX	GGRYX
JTGIX		0.84	0.97	0.88	0.84	-0.05	JTGIX
JLGSX	0.84		0.84	0.76	0.91	0.05	JLGSX
LLLRX	0.97	0.84		0.8	0.8	0.08	LLLRX
IVGAX	0.88	0.76	0.8		0.79	-0.33	IVGAX
PSIJX	0.84	0.91	0.8	0.79		-0.13	PSIJX
GGRYX	-0.05	0.05	0.08	-0.33	-0.13		GGRYX
	JTGIX	JLGSX	LLLRX	IVGAX	PSIJX	GGRYX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LLLRX	+ 0.97	JTGIX
PSIJX	+ 0.91	JLGSX
IVGAX	+ 0.88	JTGIX
JLGSX	+ 0.84	JTGIX
PSIJX	+ 0.84	JTGIX
LLLRX	+ 0.84	JLGSX

High negative correlations

GGRYX	- 0.33	IVGAX
GGRYX	- 0.13	PSIJX
GGRYX	- 0.05	JTGIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JTGIX	0.46	(0.02)	(0.05)	0.05	0.69	(0.45)	0.97	(1.12)	2.76
JLGSX	0.44	0.02	(0.06)	0.28	0.61	(0.45)	0.90	(1.02)	2.55
LLLRX	0.51	(0.02)	(0.04)	0.05	0.81	(0.47)	1.02	(1.23)	3.00
IVGAX	0.54	0.01	0.00	0.09	0.67	(0.57)	1.20	(1.16)	2.98
PSIJX	1.11	0.08	0.01	0.47	1.50	(1.12)	2.72	(2.27)	6.75
GGRYX	0.54	(0.09)	0.00	(0.31)	0.00	0.00	0.91	(1.12)	7.52

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