Aam/bahl Gaynor Correlations

AFYCX Fund

USD 24.84 0.24 0.98%

The current 90-days correlation between Aambahl Gaynor Income and The Gabelli Healthcare is 0.43 (i.e., Very weak diversification). The correlation of Aam/bahl Gaynor 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/bahl Gaynor Correlation With Market

Very weak diversification

The correlation between Aambahl Gaynor Income and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aambahl Gaynor 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 Aambahl Gaynor 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 main economic indicators.

Moving together with Aam/bahl Mutual Fund

1.0	AFNIX	Aambahl Gaynor Income	Pair Corr
1.0	AFNAX	Aambahl Gaynor Income	Pair Corr
0.62	AFMFX	American Mutual	Pair Corr
0.62	FFMMX	American Funds American	Pair Corr
0.62	FFFMX	American Funds American	Pair Corr
0.62	AMRMX	American Mutual	Pair Corr
0.62	AMFFX	American Mutual	Pair Corr
0.63	AMFCX	American Mutual	Pair Corr
0.62	IHIFX	Ivy High Income	Pair Corr
0.62	IVHIX	Ivy High Income	Pair Corr

Moving against Aam/bahl Mutual Fund

0.36

UIPIX

Ultrashort Mid Cap

Pair Corr

Related Correlations Analysis

	XXGRX	PGHAX	BHSRX	SUHIX	SCHLX	LYFCX
XXGRX		0.71	0.85	0.87	0.87	0.88	XXGRX
PGHAX	0.71		0.8	0.84	0.84	0.86	PGHAX
BHSRX	0.85	0.8		0.99	0.99	0.97	BHSRX
SUHIX	0.87	0.84	0.99		1.0	0.98	SUHIX
SCHLX	0.87	0.84	0.99	1.0		0.98	SCHLX
LYFCX	0.88	0.86	0.97	0.98	0.98		LYFCX
	XXGRX	PGHAX	BHSRX	SUHIX	SCHLX	LYFCX

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Risk-Adjusted Indicators

There is a big difference between Aam/bahl Mutual Fund performing well and Aam/bahl Gaynor 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/bahl Gaynor'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
XXGRX	0.76	0.02	0.00	(0.03)	0.00	0.00	1.51	(1.62)	4.62
PGHAX	0.65	0.02	0.00	(0.03)	0.00	0.00	1.33	(1.10)	4.12
BHSRX	0.63	0.06	0.12	0.04	0.72	(0.70)	1.32	(0.96)	3.74
SUHIX	0.64	0.06	0.12	0.05	0.70	(0.72)	1.29	(1.17)	3.73
SCHLX	0.64	0.06	0.12	0.05	0.70	(0.72)	1.25	(1.17)	3.70
LYFCX	0.59	0.04	0.10	0.02	0.71	(0.61)	1.17	(1.20)	3.17

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