Cm Modity Correlations

Mutual Funds . USA . 
Fund . Cm Modity Index
CMCAX Fund  USD 68.82  0.54  0.79%   
The current 90-days correlation between Cm Modity Index and Global Hard Assets is 0.56 (i.e., Very weak diversification). The correlation of Cm Modity 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.

Cm Modity Correlation With Market

Good diversification

The correlation between Cm Modity Index and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cm Modity Index 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 Cm Modity Index. 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 CMCAX Mutual Fund

  0.75EMBAX Unconstrained EmergingPairCorr
  0.74EMBYX Unconstrained EmergingPairCorr
  0.75EMBUX Unconstrained EmergingPairCorr
  0.66EMRIX Emerging MarketsPairCorr
  0.66EMRZX Vaneck Emerging MarketsPairCorr
  0.66EMRYX Emerging MarketsPairCorr
  0.84GHAIX Global Hard AssetsPairCorr
  0.84GHAYX Global Hard AssetsPairCorr
  0.84GHAAX Global Hard AssetsPairCorr
  1.0CMCYX Cm Modity IndexPairCorr
  1.0COMIX Cm Modity IndexPairCorr
  0.68MWMZX Vaneck Morningstar WidePairCorr
  0.66GBFAX Emerging MarketsPairCorr
  0.94PCRIX CommodityrealreturnPairCorr
  0.93PCRRX CommodityrealreturnPairCorr
  0.94PCRPX Pimco ModityrealreturnPairCorr
  0.93PCSRX CommodityrealreturnPairCorr
  0.93PCRCX CommodityrealreturnPairCorr
  0.93PCRNX Pimco CommodityrealretPairCorr
  0.99PCLAX Pimco CommoditiesplusPairCorr
  0.98PCPCX Pimco ModitiesplusPairCorr
  0.99PCLNX Pimco CommoditiesplusPairCorr
  0.69VTSAX Vanguard Total StockPairCorr
  0.69VFIAX Vanguard 500 IndexPairCorr
  0.69VTSMX Vanguard Total StockPairCorr
  0.69VSMPX Vanguard Total StockPairCorr
  0.69VSTSX Vanguard Total StockPairCorr
  0.69VITSX Vanguard Total StockPairCorr
  0.69VFINX Vanguard 500 IndexPairCorr
  0.69VFFSX Vanguard 500 IndexPairCorr
  0.68VGTSX Vanguard Total InterPairCorr
  0.68VTIAX Vanguard Total InterPairCorr
  0.68DILCX Davis InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between CMCAX Mutual Fund performing well and Cm Modity 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 Cm Modity'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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