Income Fund Correlations

Mutual Funds . USA . 
Fund . Income Fund Of
AMEFX Fund  USD 25.44  0.05  0.20%   
The current 90-days correlation between Income Fund and The Gold Bullion is 0.13 (i.e., Average 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

Poor diversification

The correlation between Income Fund Of and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Of 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 Income Fund Of. 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 census.

Moving together with Income Mutual Fund

  0.99AMECX Income FundPairCorr
  0.71RNEBX New World FundPairCorr
  0.77AMFCX American MutualPairCorr
  0.7AMFFX American MutualPairCorr
  0.92RNCCX American Funds IncomePairCorr
  0.76FPPPX American Funds PresePairCorr
  0.79AMHIX American High IncomePairCorr
  0.63TECCX Tax Exempt FundPairCorr
  0.93FPTPX American Funds ConsePairCorr
  0.67TECFX Tax Exempt FundPairCorr
  0.7TEFEX Tax Exempt FundPairCorr
  0.78AMRMX American MutualPairCorr
  0.78AMRFX American MutualPairCorr
  0.98RNRPX American Funds RetirementPairCorr
  0.87TEPAX American Funds TaxPairCorr
  0.87TEPFX American Funds TaxPairCorr
  0.73RNWEX New World FundPairCorr
  0.73RNWGX New World FundPairCorr
  0.9CDWFX American Funds DevelopingPairCorr
  0.9CDWCX American Funds DevelopingPairCorr
  0.87CDWAX American Funds DevelopingPairCorr
  0.81CWBFX Capital World BondPairCorr
  0.62CWGFX Capital World GrowthPairCorr

Related Correlations Analysis

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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.

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