Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUCX Fund  USD 9.17  0.02  0.22%   
The current 90-days correlation between Aam Select Income and Short Term Government Fund is 0.52 (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

Weak diversification

The correlation between Aam Select Income and DJI is 0.37 (i.e., Weak 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 various price indices.

Moving together with Aam Mutual Fund

  0.67ASDIX Aamhimco Short DurationPairCorr
  0.95ASDAX Aamhimco Short DurationPairCorr
  0.95ASDCX Aamhimco Short DurationPairCorr
  0.84AFNIX Aambahl Gaynor IncomePairCorr
  0.84AFNAX Aambahl Gaynor IncomePairCorr
  0.81AFYCX Aambahl Gaynor IncomePairCorr
  1.0CPUIX Aam Select IncomePairCorr
  0.78VICSX Vanguard IntermediatePairCorr
  0.78VFICX Vanguard Intermediate-terPairCorr
  0.75VFIDX Vanguard Intermediate-terPairCorr
  0.99VICBX Vanguard IntermediatePairCorr
  0.98PBDPX Pimco Investment GradePairCorr
  0.8PIGIX Investment Grade PoratePairCorr
  0.8PGCAX Investment Grade PoratePairCorr
  0.81PBDAX Investment Grade PoratePairCorr
  0.97PBDCX Investment Grade PoratePairCorr
  0.81PCNNX Pimco Investment GradePairCorr
  0.68CASAX Columbia Pacific/asiaPairCorr
  0.66CCCZX Center St BrookfieldPairCorr
  0.67CASCX Columbia PacificasiaPairCorr
  0.62CISGX Touchstone Sands CapitalPairCorr
  0.61AMFFX American MutualPairCorr
  0.86SWAGX Schwab Aggregate BondPairCorr
  0.77PIMIX Pimco IncomePairCorr
  0.83QCSTPX College RetirementPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.62TLYRX Tiaa Cref LifecyclePairCorr
  0.62KAUCX Federated KaufmannPairCorr
  0.85EIVFX Wells Fargo IntrinsicPairCorr
  0.82PLAAX Pace Large GrowthPairCorr
  0.84GMHYX Mydestination 2035PairCorr
  0.81APHUX Artisan Floating RatePairCorr
  0.73MICFX Matthews China Steady GrowthPairCorr
  0.68ICMPX Lazard InternationalPairCorr

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.

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