Cm Commodity Correlations

Mutual Funds . USA . 
Fund . Cm Modity Index
COMIX Fund  USD 71.61  0.05  0.07%   
The current 90-days correlation between Cm Modity Index and Unconstrained Emerging Markets is -0.05 (i.e., Good diversification). The correlation of Cm Commodity 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 Commodity Correlation With Market

Very good diversification

The correlation between Cm Modity Index and DJI is -0.21 (i.e., Very 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 gross domestic product.

Moving together with COMIX Mutual Fund

  0.75EMBAX Unconstrained EmergingPairCorr
  0.75EMBYX Unconstrained EmergingPairCorr
  0.75EMBUX Unconstrained EmergingPairCorr
  0.66EMRIX Emerging MarketsPairCorr
  0.67EMRZX Vaneck Emerging MarketsPairCorr
  0.66EMRYX Emerging MarketsPairCorr
  0.64INIVX International InvestorsPairCorr
  0.61INIYX International Investors Steady GrowthPairCorr
  0.61INIIX International Investors Steady GrowthPairCorr
  0.85GHAIX Global Hard AssetsPairCorr
  0.85GHAYX Global Hard AssetsPairCorr
  0.83GHAAX Global Hard AssetsPairCorr
  0.92CMCAX Cm Modity IndexPairCorr
  1.0CMCYX Cm Modity IndexPairCorr
  0.68MWMIX Vaneck Morningstar WidePairCorr
  0.68MWMZX Vaneck Morningstar WidePairCorr
  0.67GBFAX Emerging MarketsPairCorr
  0.94PCRIX CommodityrealreturnPairCorr
  0.85PCRRX CommodityrealreturnPairCorr
  0.94PCRPX Pimco ModityrealreturnPairCorr
  0.85PCSRX CommodityrealreturnPairCorr
  0.84PCRCX CommodityrealreturnPairCorr
  0.93PCRNX Pimco CommodityrealretPairCorr
  0.93PCLAX Pimco CommoditiesplusPairCorr
  0.92PCPCX Pimco ModitiesplusPairCorr
  0.93PCLNX 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
  0.69VGTSX Vanguard Total InterPairCorr
  0.69VTIAX Vanguard Total InterPairCorr
  0.61TGRKX Tiaa Cref GreenPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between COMIX Mutual Fund performing well and Cm Commodity 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 Commodity'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMBAX  0.21  0.11 (0.12) 13.97  0.00 
(0.32)
 0.39 
(0.19)
 1.10 
EMBYX  0.22  0.11 (0.10) 3.91  0.00 
(0.34)
 0.54 
(0.19)
 1.09 
EMBUX  0.21  0.11 (0.10) 3.49  0.00 
(0.33)
 0.55 
(0.19)
 1.10 
EMRIX  0.60  0.18  0.16  0.49  0.21 
(0.74)
 1.93 
(1.15)
 4.20 
EMRZX  0.61  0.26  0.17  27.42  0.17 
(0.75)
 1.93 
(1.15)
 4.19 
EMRYX  0.60  0.18  0.16  0.50  0.17 
(0.73)
 1.87 
(1.14)
 4.21 
INIVX  1.57  0.06 (0.02) 0.99  2.18 
(1.52)
 3.31 
(3.48)
 12.49 
INIYX  1.59  0.25 (0.01)(0.10) 2.27 
(1.57)
 3.34 
(3.54)
 12.46 
INIIX  1.60  0.25 (0.01)(0.10) 2.17 
(1.58)
 3.32 
(3.52)
 12.44 
GHAIX  0.62  0.15  0.07  0.92  0.38 
(0.75)
 1.79 
(1.06)
 3.46 

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