Aama Income Correlations

AMFIX Fund

USD 24.01 0.02 0.08%

The current 90-days correlation between Aama Income Fund and Guidemark E Fixed is 0.1 (i.e., Average diversification). The correlation of Aama Income 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 Income Correlation With Market

Modest diversification

The correlation between Aama Income Fund and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aama Income 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 Income 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 gross domestic product.

Moving together with Aama Mutual Fund

0.9	PGIPX	Pgim Esg Short	Pair Corr
0.76	VWILX	Vanguard International	Pair Corr
0.72	GCRTX	Goldman Sachs Absolute	Pair Corr
0.87	DHEYX	Diamond Hill Short	Pair Corr
0.69	TRIPX	Tiaa Cref International	Pair Corr
0.82	BNDAX	Total Return Bond	Pair Corr
0.72	PBAIX	Blackrock Tactical	Pair Corr
0.75	TEDVX	Tiaa Cref Emerging	Pair Corr
0.68	VTSNX	Vanguard Total Inter	Pair Corr

Moving against Aama Mutual Fund

0.46

AMFEX

Aama Equity Fund

Pair Corr

Related Correlations Analysis

	GMCOX	RYVLX	FITSX	GQESX	DIHRX	BUFHX	PIEQX
GMCOX		0.63	0.91	0.79	0.67	0.16	0.63	GMCOX
RYVLX	0.63		0.55	0.65	0.52	0.06	0.43	RYVLX
FITSX	0.91	0.55		0.82	0.7	0.18	0.61	FITSX
GQESX	0.79	0.65	0.82		0.74	0.21	0.66	GQESX
DIHRX	0.67	0.52	0.7	0.74		0.73	0.96	DIHRX
BUFHX	0.16	0.06	0.18	0.21	0.73		0.79	BUFHX
PIEQX	0.63	0.43	0.61	0.66	0.96	0.79		PIEQX
	GMCOX	RYVLX	FITSX	GQESX	DIHRX	BUFHX	PIEQX

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Risk-Adjusted Indicators

There is a big difference between Aama Mutual Fund performing well and Aama Income 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 Income'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
GMCOX	0.22	0.01	0.03	(0.39)	0.18	(0.28)	0.61	(0.49)	1.24
RYVLX	1.82	(0.02)	0.00	(0.02)	0.00	0.00	3.29	(4.15)	10.90
FITSX	0.26	0.02	0.05	0.28	0.24	(0.31)	0.57	(0.46)	1.60
GQESX	0.52	0.00	(0.01)	0.00	1.03	(0.45)	0.91	(1.27)	4.58
DIHRX	0.53	0.09	0.12	0.24	0.57	(0.60)	1.16	(0.99)	3.68
BUFHX	0.08	0.00	0.14	0.00	0.00	(0.12)	0.19	(0.09)	0.57
PIEQX	0.55	0.10	0.12	(0.76)	0.63	(0.64)	1.16	(0.94)	3.81

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