Amana Growth Correlations

AMIGX Fund

USD 75.58 0.12 0.16%

The current 90-days correlation between Amana Growth and Amana Income Fund is 0.86 (i.e., Very poor diversification). The correlation of Amana Growth 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 Growth Correlation With Market

Good diversification

The correlation between Amana Growth Fund and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Growth 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 Amana Growth 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 price.

Moving together with Amana Mutual Fund

0.92	FAFGX	American Funds	Pair Corr
0.92	FFAFX	American Funds	Pair Corr
0.93	GFACX	Growth Fund	Pair Corr
0.93	GFAFX	Growth Fund	Pair Corr
0.93	AGTHX	Growth Fund	Pair Corr
0.93	CGFFX	Growth Fund	Pair Corr
0.93	CGFCX	Growth Fund	Pair Corr
0.93	CGFAX	Growth Fund	Pair Corr
0.93	CGFEX	Growth Fund	Pair Corr
0.93	RGAEX	Growth Fund	Pair Corr
0.81	AXP	American Express	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.66	BA	Boeing	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr

Moving against Amana Mutual Fund

0.63	VZ	Verizon Communications	Pair Corr
0.47	KO	Coca Cola	Pair Corr
0.45	MCD	McDonalds	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.43	NHS	Neuberger Berman High	Pair Corr
0.32	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	AMINX	AMANX	AMDWX	AMAGX	AMIDX
AMINX		1.0	0.44	0.56	0.44	AMINX
AMANX	1.0		0.45	0.57	0.45	AMANX
AMDWX	0.44	0.45		0.9	1.0	AMDWX
AMAGX	0.56	0.57	0.9		0.9	AMAGX
AMIDX	0.44	0.45	1.0	0.9		AMIDX
	AMINX	AMANX	AMDWX	AMAGX	AMIDX

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Risk-Adjusted Indicators

There is a big difference between Amana Mutual Fund performing well and Amana Growth 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 Growth'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
AMINX	0.63	(0.03)	(0.42)	1.09	(1.18)	3.28
AMANX	0.63	(0.03)	(0.43)	1.10	(1.18)	3.30
AMDWX	0.68	(0.06)	(2.59)	1.17	(1.56)	4.58
AMAGX	0.85	(0.13)	4.63	1.30	(2.01)	5.16
AMIDX	0.69	(0.06)	(1.90)	1.16	(1.48)	4.55

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