Aam Select Correlations

CPUAX Fund

USD 9.39 0.02 0.21%

The current 90-days correlation between Aam Select Income and Vanguard High Yield Tax Exempt is 0.5 (i.e., Very weak diversification). The correlation of Aam Select 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.

Aam Select Correlation With Market

Significant diversification

The correlation between Aam Select Income and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aam Select Income 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 Aam Select Income. 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 Aam Mutual Fund

0.73	ASDIX	Aamhimco Short Duration	Pair Corr
0.68	AFYCX	Aambahl Gaynor Income	Pair Corr
0.99	CPUCX	Aam Select Income	Pair Corr
1.0	CPUIX	Aam Select Income	Pair Corr
0.95	VICSX	Vanguard Intermediate-ter	Pair Corr
0.92	VFICX	Vanguard Intermediate	Pair Corr
0.92	VFIDX	Vanguard Intermediate	Pair Corr
0.95	VICBX	Vanguard Intermediate-ter	Pair Corr
0.93	PBDPX	Pimco Investment Grade	Pair Corr
0.93	PIGIX	Investment Grade Porate	Pair Corr
0.93	PGCAX	Investment Grade Porate	Pair Corr
0.93	PBDAX	Investment Grade Porate	Pair Corr
0.95	PBDCX	Investment Grade Porate	Pair Corr
0.93	PCNNX	Pimco Investment Grade	Pair Corr
0.87	XDSMX	Dreyfus Strategic	Pair Corr
0.86	XNXJX	Nuveen New Jersey	Pair Corr
0.74	NXJ	Nuveen New Jersey	Pair Corr
0.88	XNBHX	Neuberger Berman Int	Pair Corr
0.89	PRVBX	Versatile Bond Portfolio	Pair Corr
0.81	TBLCX	T Rowe Price	Pair Corr
0.7	NNY	Nuveen New York	Pair Corr
0.84	FEFAX	First Eagle Fund	Pair Corr
0.66	GDIAX	Goldman Sachs Short	Pair Corr
0.68	DFALX	Large Cap International	Pair Corr
0.8	ITTSX	Hartford Balanced	Pair Corr
0.8	VBAIX	Vanguard Balanced Index	Pair Corr
0.77	WELNX	William Blair Emerging	Pair Corr
0.61	GCMDX	Goldman Sachs Local	Pair Corr
0.91	FXNAX	Fidelity Bond Index	Pair Corr
0.77	RNGCX	New Economy Fund	Pair Corr
0.83	SIRJX	Sierra E Retirement	Pair Corr
0.7	JHYRX	Janus High Yield	Pair Corr

Moving against Aam Mutual Fund

0.38

PCF

Putnam High Income

Pair Corr

Related Correlations Analysis

	VWAHX	LMUSX	FHTFX	GQESX	LBAFX	OPTCX
VWAHX		0.82	0.99	0.88	0.78	0.82	VWAHX
LMUSX	0.82		0.81	0.9	0.64	0.95	LMUSX
FHTFX	0.99	0.81		0.86	0.74	0.83	FHTFX
GQESX	0.88	0.9	0.86		0.77	0.89	GQESX
LBAFX	0.78	0.64	0.74	0.77		0.66	LBAFX
OPTCX	0.82	0.95	0.83	0.89	0.66		OPTCX
	VWAHX	LMUSX	FHTFX	GQESX	LBAFX	OPTCX

Risk-Adjusted Indicators

There is a big difference between Aam Mutual Fund performing well and Aam Select 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 Aam Select'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
VWAHX	0.14	0.07	0.07	16.03	0.00	(0.24)	0.48	(0.19)	0.97
LMUSX	0.56	0.03	0.03	0.09	0.76	(0.52)	1.25	(1.38)	3.59
FHTFX	0.13	0.07	0.04	(11.27)	0.00	(0.23)	0.39	(0.13)	1.16
GQESX	0.57	0.06	0.06	0.13	0.72	(0.57)	1.26	(1.14)	3.44
LBAFX	0.06	0.00	(0.51)	0.22	0.00	(0.15)	0.09	(0.09)	0.54
OPTCX	0.18	0.00	(0.18)	0.08	0.09	(0.23)	0.41	(0.30)	1.01

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