Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUIX Fund  USD 9.13  0.04  0.44%   
The current 90-days correlation between Aam Select Income and Europac Gold Fund is 0.3 (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

Weak diversification

The correlation between Aam Select Income and DJI is 0.38 (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 signals in gross domestic product.

Moving together with Aam Mutual Fund

  0.67AFNIX Aambahl Gaynor IncomePairCorr
  0.67AFNAX Aambahl Gaynor IncomePairCorr
  0.76AFYCX Aambahl Gaynor IncomePairCorr
  0.88CPUCX Aam Select IncomePairCorr
  0.87CPUAX Aam Select IncomePairCorr
  0.86VICSX Vanguard IntermediatePairCorr
  0.85VFICX Vanguard Intermediate-terPairCorr
  0.65VFIDX Vanguard Intermediate-terPairCorr
  0.88VICBX Vanguard IntermediatePairCorr
  0.93PBDPX Pimco Investment GradePairCorr
  0.93PIGIX Investment Grade PoratePairCorr
  0.94PGCAX Investment Grade PoratePairCorr
  0.94PBDCX Investment Grade PoratePairCorr
  0.65RYMEX Commodities Strategy Steady GrowthPairCorr
  0.65RYMJX Commodities Strategy Steady GrowthPairCorr
  0.65RYMBX Commodities Strategy Steady GrowthPairCorr
  0.74BRUFX Bruce Fund BrucePairCorr
  0.61RMVRX Rbc Emerging MarketsPairCorr
  0.63WESRX Teton Vertible SecuritiesPairCorr
  0.64LBHIX Thrivent High YieldPairCorr

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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