Aam Select Correlations

CPUAX Fund  USD 9.15  0.01  0.11%   
The current 90-days correlation between Aam Select Income and Jhancock Global Equity is 0.36 (i.e., 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

Good diversification

The correlation between Aam Select Income and DJI is -0.1 (i.e., Good 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

  0.95ASDIX Aamhimco Short DurationPairCorr
  0.94ASDAX Aamhimco Short DurationPairCorr
  0.94ASDCX Aamhimco Short DurationPairCorr
  0.86AFNIX Aambahl Gaynor IncomePairCorr
  0.85AFNAX Aambahl Gaynor IncomePairCorr
  0.84AFYCX Aambahl Gaynor IncomePairCorr
  0.95CPUCX Aam Select IncomePairCorr
  0.96CPUIX Aam Select IncomePairCorr
  0.96VICSX Vanguard IntermediatePairCorr
  0.96VFICX Vanguard Intermediate-terPairCorr
  0.96VFIDX Vanguard Intermediate-terPairCorr
  0.96VICBX Vanguard IntermediatePairCorr
  0.94PBDPX Pimco Investment GradePairCorr
  0.95PIGIX Investment Grade PoratePairCorr
  0.94PGCAX Investment Grade PoratePairCorr
  0.98PBDAX Investment Grade PoratePairCorr
  0.93PBDCX Investment Grade PoratePairCorr
  0.94PCNNX Pimco Investment GradePairCorr
  0.85CPAYX Columbia Pacific/asiaPairCorr
  0.89CASAX Columbia Pacific/asiaPairCorr
  0.64CCCZX Center St BrookfieldPairCorr
  0.89CASCX Columbia PacificasiaPairCorr
  0.83MSKLX Mid Cap GrowthPairCorr
  0.82CISGX Touchstone Sands CapitalPairCorr
  0.83MMCGX Mid Cap GrowthPairCorr
  0.62ARREX Real Estate FundPairCorr
  0.87AMFFX American MutualPairCorr
  0.92SWAGX Schwab Aggregate BondPairCorr
  0.96PIMIX Pimco IncomePairCorr
  0.85QCSTPX College RetirementPairCorr
  0.84VFIAX Vanguard 500 IndexPairCorr
  0.87TLYRX Tiaa Cref LifecyclePairCorr
  0.82KAUCX Federated KaufmannPairCorr
  0.87EIVFX Wells Fargo IntrinsicPairCorr
  0.84PLAAX Pace Large GrowthPairCorr
  0.87GMHYX Mydestination 2035PairCorr
  0.62CRVRX Mainstay Cbre RealPairCorr
  0.83APHUX Artisan Floating RatePairCorr
  0.75MICFX Matthews China Steady GrowthPairCorr

Related Correlations Analysis

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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.