Aama Income Correlations

AMFIX Fund

USD 24.05 0.01 0.04%

The current 90-days correlation between Aama Income Fund and Prudential Short Term Porate is 0.06 (i.e., Significant 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

Significant diversification

The correlation between Aama Income Fund and DJI is 0.08 (i.e., Significant 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

0.79	MWTNX	Metropolitan West Total	Pair Corr
0.79	MWTSX	Metropolitan West Total	Pair Corr
0.79	PTTPX	Pimco Total Return	Pair Corr
0.79	PTRRX	Total Return	Pair Corr
0.79	PTRAX	Total Return	Pair Corr
0.78	PTTRX	Total Return	Pair Corr
0.8	FIWGX	Strategic Advisers	Pair Corr
0.81	DODIX	Dodge Income	Pair Corr
0.79	MWTIX	Metropolitan West Total	Pair Corr
0.79	MWTRX	Metropolitan West Total	Pair Corr
0.71	VGTSX	Vanguard Total Inter	Pair Corr
0.71	VTIAX	Vanguard Total Inter	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr

Moving against Aama Mutual Fund

0.48	VTSAX	Vanguard Total Stock	Pair Corr
0.48	VTSMX	Vanguard Total Stock	Pair Corr
0.48	VSMPX	Vanguard Total Stock	Pair Corr
0.48	VSTSX	Vanguard Total Stock	Pair Corr
0.48	VITSX	Vanguard Total Stock	Pair Corr
0.46	VFIAX	Vanguard 500 Index	Pair Corr
0.46	VFINX	Vanguard 500 Index	Pair Corr
0.46	VFFSX	Vanguard 500 Index	Pair Corr
0.6	AXP	American Express	Pair Corr
0.57	AA	Alcoa Corp	Pair Corr
0.53	BAC	Bank of America	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.52	CAT	Caterpillar	Pair Corr
0.45	HD	Home Depot	Pair Corr

Related Correlations Analysis

	PSTQX	FMUUX	BDMKX	BXDCX	AOUNX	CMGUX	GANPX
PSTQX		0.97	0.93	0.99	0.98	0.94	0.97	PSTQX
FMUUX	0.97		0.95	0.97	0.98	0.98	0.98	FMUUX
BDMKX	0.93	0.95		0.91	0.93	0.93	0.94	BDMKX
BXDCX	0.99	0.97	0.91		0.99	0.96	0.94	BXDCX
AOUNX	0.98	0.98	0.93	0.99		0.99	0.95	AOUNX
CMGUX	0.94	0.98	0.93	0.96	0.99		0.94	CMGUX
GANPX	0.97	0.98	0.94	0.94	0.95	0.94		GANPX
	PSTQX	FMUUX	BDMKX	BXDCX	AOUNX	CMGUX	GANPX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PSTQX	0.11	0.02	0.54	0.62	(0.15)	0.29	(0.19)	0.67
FMUUX	0.03	0.00	0.00	(0.26)	0.00	0.10	0.00	0.40
BDMKX	0.08	0.01	0.42	0.50	(0.12)	0.11	(0.11)	0.44
BXDCX	0.08	0.01	0.65	1.03	(0.15)	0.22	(0.11)	0.54
AOUNX	0.05	0.01	0.00	1.45	0.00	0.10	(0.10)	0.52
CMGUX	0.04	0.00	0.00	0.00	0.00	0.11	0.00	0.54
GANPX	0.06	0.00	0.42	0.03	(0.12)	0.10	(0.10)	0.48

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