Amana Growth Correlations

AMAGX Fund

USD 85.55 0.44 0.51%

The current 90-days correlation between Amana Growth and Qs Defensive Growth is 0.68 (i.e., Poor diversification). The correlation of Amana Growth 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.

Amana Growth Correlation With Market

Significant diversification

The correlation between Amana Growth Fund 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 Amana Growth Fund 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 Amana Growth Fund. 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 price.

Moving together with Amana Mutual Fund

0.85	AMIGX	Amana Growth	Pair Corr
0.67	AMINX	Amana Income	Pair Corr
0.81	AMANX	Amana Income	Pair Corr
0.65	FAFGX	American Funds	Pair Corr
0.65	FFAFX	American Funds	Pair Corr
0.65	GFACX	Growth Fund	Pair Corr
0.65	CGFCX	Growth Fund	Pair Corr
0.65	CGFAX	Growth Fund	Pair Corr
0.77	WARCX	Wells Fargo Advantage	Pair Corr
0.68	AMECX	Income Fund	Pair Corr
0.61	ELFNX	Elfun Trusts Elfun	Pair Corr
0.69	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Amana Mutual Fund

0.35

JNJ

Johnson Johnson Fiscal Year End 28th of January 2025

Pair Corr

Related Correlations Analysis

	LMLRX	LANIX	MSSGX	ARTSX	PQUAX	FRAAX	PRNHX
LMLRX		0.75	0.66	0.77	0.75	0.71	0.62	LMLRX
LANIX	0.75		0.88	0.94	0.94	0.98	0.93	LANIX
MSSGX	0.66	0.88		0.9	0.96	0.86	0.93	MSSGX
ARTSX	0.77	0.94	0.9		0.95	0.92	0.94	ARTSX
PQUAX	0.75	0.94	0.96	0.95		0.91	0.96	PQUAX
FRAAX	0.71	0.98	0.86	0.92	0.91		0.91	FRAAX
PRNHX	0.62	0.93	0.93	0.94	0.96	0.91		PRNHX
	LMLRX	LANIX	MSSGX	ARTSX	PQUAX	FRAAX	PRNHX

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Risk-Adjusted Indicators

There is a big difference between Amana Mutual Fund performing well and Amana Growth 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 Amana Growth'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
LMLRX	0.23	0.03	(0.25)	0.51	0.11	(0.29)	0.61	(0.45)	1.36
LANIX	0.45	0.04	0.00	0.18	0.25	(0.53)	0.91	(0.82)	3.06
MSSGX	1.40	0.67	0.42	4.84	0.78	(1.83)	3.46	(1.71)	7.23
ARTSX	0.91	0.19	0.10	0.67	0.90	(0.95)	2.03	(1.82)	5.78
PQUAX	0.85	0.22	0.15	0.76	0.59	(0.94)	1.91	(1.28)	6.52
FRAAX	0.70	0.07	0.05	0.19	0.80	(0.71)	1.67	(1.30)	5.06
PRNHX	0.75	0.05	0.06	0.16	0.84	(0.81)	1.80	(1.29)	6.84

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