Aama Equity Correlations

AMFEX Fund

USD 17.84 0.01 0.06%

The current 90-days correlation between Aama Equity Fund and Angel Oak Financial is -0.09 (i.e., Good diversification). The correlation of Aama Equity 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.

Aama Equity Correlation With Market

Significant diversification

The correlation between Aama Equity Fund and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aama Equity 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 Aama Equity 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 income.

Moving together with Aama Mutual Fund

0.65	VTSAX	Vanguard Total Stock	Pair Corr
0.66	VFIAX	Vanguard 500 Index	Pair Corr
0.65	VTSMX	Vanguard Total Stock	Pair Corr
0.65	VITSX	Vanguard Total Stock	Pair Corr
0.65	VSMPX	Vanguard Total Stock	Pair Corr
0.65	VSTSX	Vanguard Total Stock	Pair Corr
0.66	VFINX	Vanguard 500 Index	Pair Corr
0.66	VFFSX	Vanguard 500 Index	Pair Corr
0.67	VINIX	Vanguard Institutional	Pair Corr
0.67	VIIIX	Vanguard Institutional	Pair Corr
0.63	BA	Boeing	Pair Corr

Moving against Aama Mutual Fund

0.35

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	XFINX	IAAEX	FIKBX	PSSRX	MSVIX	FAFSX
XFINX		0.14	0.66	0.59	0.44	0.65	XFINX
IAAEX	0.14		0.48	0.63	0.58	0.49	IAAEX
FIKBX	0.66	0.48		0.97	0.79	1.0	FIKBX
PSSRX	0.59	0.63	0.97		0.83	0.97	PSSRX
MSVIX	0.44	0.58	0.79	0.83		0.8	MSVIX
FAFSX	0.65	0.49	1.0	0.97	0.8		FAFSX
	XFINX	IAAEX	FIKBX	PSSRX	MSVIX	FAFSX

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Risk-Adjusted Indicators

There is a big difference between Aama Mutual Fund performing well and Aama Equity 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 Aama Equity'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
XFINX	0.14	(0.01)	(0.14)	0.28	(0.64)	1.27
IAAEX	0.80	(0.12)	(0.32)	1.41	(1.48)	9.17
FIKBX	0.89	(0.03)	(0.10)	1.66	(2.69)	6.29
PSSRX	0.97	(0.10)	(0.16)	1.69	(3.18)	6.03
MSVIX	0.96	(0.18)	(0.27)	1.40	(2.19)	10.85
FAFSX	0.89	(0.04)	(0.11)	1.65	(2.71)	6.26

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