Amana Participation Correlations

AMIPX Fund

USD 9.83 0.01 0.10%

The current 90-days correlation between Amana Participation and Calamos Dynamic Convertible is -0.01 (i.e., Good diversification). The correlation of Amana Participation 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 Participation Correlation With Market

Good diversification

The correlation between Amana Participation Fund and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Participation 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 Participation 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 american community survey.

Moving together with Amana Mutual Fund

1.0	AMAPX	Amana Participation	Pair Corr
0.77	FGBRX	Templeton Global Bond	Pair Corr
0.77	FBNRX	Templeton Global Bond	Pair Corr
0.82	RCWBX	Capital World Bond	Pair Corr
0.81	CCWFX	Capital World Bond	Pair Corr
0.82	CCWCX	Capital World Bond	Pair Corr
0.82	RCWEX	Capital World Bond	Pair Corr
0.82	CCWEX	Capital World Bond	Pair Corr
0.94	RCWCX	Capital World Bond	Pair Corr
0.82	RCWGX	Capital World Bond	Pair Corr
0.81	RCWFX	Capital World Bond	Pair Corr
0.71	USPSX	Profunds Ultrashort	Pair Corr
0.89	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.71	USPIX	Profunds Ultrashort	Pair Corr
0.79	UIPIX	Ultrashort Mid Cap	Pair Corr
0.87	FTCAX	Templeton Strained Bond	Pair Corr
0.92	VICSX	Vanguard Intermediate-ter	Pair Corr
0.94	GF	New Germany Closed	Pair Corr
0.85	FGDIX	Fidelity Advisor Gold	Pair Corr
0.77	RMDUX	American Funds Multi	Pair Corr
0.94	USGDX	Morgan Stanley Government	Pair Corr
0.81	MRCZX	Massmutual Retiresmart	Pair Corr
0.94	GSTPX	Goldman Sachs Inflation	Pair Corr
0.89	PYCTX	Payden Rygel	Pair Corr
0.78	DLDFX	Destinations Low Duration	Pair Corr
0.77	RIGEX	International Growth And	Pair Corr

Moving against Amana Mutual Fund

0.76	AMAGX	Amana Growth	Pair Corr
0.75	TCTGX	Transamerica Cleartrack	Pair Corr
0.73	AMIGX	Amana Growth	Pair Corr
0.71	AMDWX	Amana Developing World	Pair Corr
0.7	AMIDX	Amana Developing World	Pair Corr
0.79	TCSUX	Cleartrack 2020 Class	Pair Corr
0.75	TCTJX	Transamerica Cleartrack	Pair Corr
0.74	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	CCD	GCV	FSAWX	NCIDX	XAVKX
CCD		0.16	-0.78	0.81	0.8	CCD
GCV	0.16		0.3	0.43	0.35	GCV
FSAWX	-0.78	0.3		-0.51	-0.48	FSAWX
NCIDX	0.81	0.43	-0.51		0.95	NCIDX
XAVKX	0.8	0.35	-0.48	0.95		XAVKX
	CCD	GCV	FSAWX	NCIDX	XAVKX

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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

XAVKX	+ 0.95	NCIDX
NCIDX	+ 0.81	CCD
XAVKX	+ 0.8	CCD
NCIDX	+ 0.43	GCV
XAVKX	+ 0.35	GCV
FSAWX	+ 0.3	GCV

High negative correlations

FSAWX	- 0.78	CCD
NCIDX	- 0.51	FSAWX
XAVKX	- 0.48	FSAWX

Risk-Adjusted Indicators

There is a big difference between Amana Mutual Fund performing well and Amana Participation 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 Participation'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
CCD	0.80	(0.10)	0.00	(0.20)	0.00	0.00	1.41	(1.67)	7.13
GCV	0.91	0.05	0.04	0.10	1.18	(1.00)	2.17	(2.14)	6.16
FSAWX	0.08	0.04	0.39	(1.05)	0.00	(0.14)	0.19	(0.10)	0.38
NCIDX	0.60	(0.05)	0.00	1.20	0.00	0.00	1.30	(1.38)	3.25
XAVKX	0.55	(0.05)	0.00	0.58	0.00	0.00	0.93	(1.14)	2.56

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