Income Fund Correlations

UIINX Fund

USD 11.41 0.02 0.17%

The current 90-days correlation between Income Fund Income and Morningstar Defensive Bond is 0.86 (i.e., Very poor diversification). The correlation of Income Fund 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.

Income Fund Correlation With Market

Significant diversification

The correlation between Income Fund Income and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Income and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Income Fund 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 board of governors.

Moving together with Income Mutual Fund

0.89	UIGSX	Government Securities	Pair Corr
0.98	UIITX	Intermediate Term Bond	Pair Corr
0.83	UISBX	Short Term Bond	Pair Corr
0.98	URIBX	Intermediate Term Bond	Pair Corr
1.0	URIFX	Income Fund Income	Pair Corr
0.89	URGSX	Government Securities	Pair Corr
0.84	URSBX	Short Term Bond	Pair Corr
0.82	URUSX	Ultra Short Term	Pair Corr
0.81	UUSIX	Ultra Short Term	Pair Corr
0.98	MWTNX	Metropolitan West Total	Pair Corr
0.98	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.98	PTTRX	Total Return	Pair Corr
0.98	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.96	MWTIX	Metropolitan West Total	Pair Corr
0.96	MWTRX	Metropolitan West Total	Pair Corr

Moving against Income Mutual Fund

0.49	UIGRX	Growth Fund Growth	Pair Corr
0.49	UISCX	Small Cap Stock	Pair Corr
0.45	URNQX	Nasdaq 100 Index	Pair Corr
0.39	USPRX	Sp 500 Index	Pair Corr
0.36	UTMAX	Target Managed Allocation	Pair Corr
0.35	UIGIX	Growth Income	Pair Corr
0.32	UIWGX	World Growth	Pair Corr
0.68	MGXBX	Mainstay Growth Allo	Pair Corr
0.56	JESTX	John Hancock Var	Pair Corr
0.55	UIAGX	Aggressive Growth	Pair Corr
0.45	CISGX	Touchstone Sands Capital	Pair Corr

Related Correlations Analysis

	MSTBX	SCCIX	MIIIX	OWFIX	DLTNX	ABNCX	ABNTX
MSTBX		0.89	0.94	0.99	0.97	0.94	0.94	MSTBX
SCCIX	0.89		0.99	0.91	0.96	0.92	0.92	SCCIX
MIIIX	0.94	0.99		0.96	0.99	0.95	0.95	MIIIX
OWFIX	0.99	0.91	0.96		0.98	0.96	0.96	OWFIX
DLTNX	0.97	0.96	0.99	0.98		0.96	0.96	DLTNX
ABNCX	0.94	0.92	0.95	0.96	0.96		1.0	ABNCX
ABNTX	0.94	0.92	0.95	0.96	0.96	1.0		ABNTX
	MSTBX	SCCIX	MIIIX	OWFIX	DLTNX	ABNCX	ABNTX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income Fund 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 Income Fund'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
MSTBX	0.12	0.02	0.84	(1.33)	0.00	(0.18)	0.21	(0.21)	0.83
SCCIX	0.29	0.03	0.42	(10.35)	0.27	(0.34)	0.57	(0.47)	2.16
MIIIX	0.29	0.03	0.41	(2.95)	0.27	(0.34)	0.64	(0.43)	2.04
OWFIX	0.20	0.03	0.56	(1.38)	0.09	(0.25)	0.50	(0.30)	1.39
DLTNX	0.27	0.04	0.46	(2.02)	0.19	(0.33)	0.58	(0.46)	1.83
ABNCX	0.21	0.02	0.46	(0.63)	0.20	(0.24)	0.49	(0.40)	1.76
ABNTX	0.21	0.03	0.39	(0.59)	0.21	(0.25)	0.48	(0.39)	1.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC