Cm Modity Correlations

Mutual Funds . USA . 
Fund . Cm Modity Index
COMIX Fund  USD 71.13  0.48  0.67%   
The current 90-days correlation between Cm Modity Index and Greenspring Fund Retail is 0.07 (i.e., Significant 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

Very good diversification

The correlation between Cm Modity Index and DJI is -0.32 (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

  0.76EMBAX Unconstrained EmergingPairCorr
  0.75EMBYX Unconstrained EmergingPairCorr
  0.76EMBUX Unconstrained EmergingPairCorr
  0.68EMRIX Emerging MarketsPairCorr
  0.68EMRZX Vaneck Emerging MarketsPairCorr
  0.68EMRYX Emerging MarketsPairCorr
  0.68INIVX International InvestorsPairCorr
  0.67INIYX International InvestorsPairCorr
  0.67INIIX International InvestorsPairCorr
  0.85GHAIX Global Hard AssetsPairCorr
  0.85GHAYX Global Hard AssetsPairCorr
  0.84GHAAX Global Hard AssetsPairCorr
  0.92CMCAX Cm Modity IndexPairCorr
  1.0CMCYX Cm Modity IndexPairCorr
  0.7MWMIX Vaneck Morningstar WidePairCorr
  0.7MWMZX Vaneck Morningstar WidePairCorr
  0.66IIGCX International InvestorsPairCorr
  0.68GBFAX Emerging MarketsPairCorr
  0.94PCRIX CommodityrealreturnPairCorr
  0.86PCRRX CommodityrealreturnPairCorr
  0.86PCRPX Pimco ModityrealreturnPairCorr
  0.85PCSRX CommodityrealreturnPairCorr
  0.85PCRCX CommodityrealreturnPairCorr
  0.86PCRNX Pimco CommodityrealretPairCorr
  0.99PCLAX Pimco ModitiesplusPairCorr
  0.92PCPCX Pimco CommoditiesplusPairCorr
  0.99PCLNX Pimco CommoditiesplusPairCorr
  0.68PFN Pimco Income StrategyPairCorr
  0.67CIF Mfs Intermediate HighPairCorr
  0.65PCF Putnam High IncomePairCorr
  0.73FWWFX Fidelity WorldwidePairCorr
  0.74SPILX Symmetry PanoramicPairCorr
  0.72ETFWX Stadion Tactical DefPairCorr

Moving against COMIX Mutual Fund

  0.67XNBHX Neuberger Berman IntPairCorr
  0.66XDSMX Dreyfus StrategicPairCorr
  0.52XNXJX Nuveen New JerseyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between COMIX 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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