Amana Developing Correlations
| AMIDX Fund | USD 13.07 0.05 0.38% |
The current 90-days correlation between Amana Developing World and Amana Growth Fund is 0.78 (i.e., Poor diversification). The correlation of Amana Developing 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 Developing Correlation With Market
Very weak diversification
The correlation between Amana Developing World and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Developing World and DJI in the same portfolio, assuming nothing else is changed.
Amana |
Moving together with Amana Mutual Fund
Moving against Amana Mutual Fund
| 0.71 | AMAPX | Amana Participation | PairCorr |
| 0.7 | AMIPX | Amana Participation | PairCorr |
| 0.51 | BTMKX | Blackrock International | PairCorr |
| 0.46 | BTMPX | Ishares Msci Eafe | PairCorr |
| 0.46 | MDIIX | Blackrock Intern Index | PairCorr |
| 0.68 | USGDX | Morgan Stanley Government | PairCorr |
| 0.65 | HRBDX | Harbor Bond Fund | PairCorr |
| 0.63 | ABNOX | Ab Bond Inflation | PairCorr |
| 0.6 | VICSX | Vanguard Intermediate-ter | PairCorr |
| 0.56 | BISMX | Brandes International | PairCorr |
| 0.56 | ARBOX | Absolute Convertible | PairCorr |
| 0.55 | GIOIX | Guggenheim Macro Opp | PairCorr |
| 0.46 | DLDFX | Destinations Low Duration | PairCorr |
| 0.37 | UTF | Cohen And Steers | PairCorr |
Related Correlations Analysis
| 0.66 | -0.73 | 0.83 | -0.73 | AMIGX | ||
| 0.66 | -0.01 | 0.41 | -0.02 | AMINX | ||
| -0.73 | -0.01 | -0.71 | 1.0 | AMIPX | ||
| 0.83 | 0.41 | -0.71 | -0.71 | AMDWX | ||
| -0.73 | -0.02 | 1.0 | -0.71 | AMAPX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Amana Mutual Fund performing well and Amana Developing 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 Developing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMIGX | 0.95 | (0.16) | 0.00 | (0.25) | 0.00 | 1.34 | 5.15 | |||
| AMINX | 0.75 | (0.09) | 0.00 | (0.21) | 0.00 | 1.23 | 5.19 | |||
| AMIPX | 0.07 | 0.01 | 0.35 | 2.63 | 0.00 | 0.21 | 0.41 | |||
| AMDWX | 0.69 | (0.04) | 0.00 | (0.12) | 0.00 | 1.17 | 4.58 | |||
| AMAPX | 0.08 | 0.00 | 0.31 | 0.00 | 0.00 | 0.21 | 0.41 |