Aam/himco Short Correlations

ASDAX Fund  USD 10.06  0.01  0.1%   
The current 90-days correlation between Aamhimco Short Duration and Saat Moderate Strategy is 0.37 (i.e., Weak diversification). The correlation of Aam/himco Short 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.

Aam/himco Short Correlation With Market

Good diversification

The correlation between Aamhimco Short Duration and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aamhimco Short Duration 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 Aamhimco Short Duration. 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 nation.

Moving together with Aam/himco Mutual Fund

  0.99ASDIX Aamhimco Short DurationPairCorr
  0.99ASDCX Aamhimco Short DurationPairCorr
  0.89CPUCX Aam Select IncomePairCorr
  0.9CPUAX Aam Select IncomePairCorr
  0.92CPUYX Aaminsight Select IncomePairCorr
  0.91CPUIX Aam Select IncomePairCorr
  0.92PTSPX Pimco Short TermPairCorr
  0.93PTSHX Short Term FundPairCorr
  0.93PSFAX Short Term FundPairCorr
  0.92PTSRX Short Term FundPairCorr
  0.96PSDNX Putnam Ultra ShortPairCorr
  0.95LUSNX Lord Abbett UltraPairCorr
  0.98VUBFX Vanguard Ultra-short-termPairCorr
  0.95PSDRX Putnam Short DurationPairCorr
  0.96PSDYX Putnam Short DurationPairCorr
  0.85GAAKX Gmo Alternative AlloPairCorr
  0.85GAAGX Gmo Alternative AlloPairCorr
  0.96GPBFX Gmo E PlusPairCorr
  0.79WARCX Wells Fargo AdvantagePairCorr
  0.98TRSHX Tiaa-cref Short-termPairCorr
  0.98ADVNX Advisory ResearchPairCorr
  0.74THMIX Thornburg IntermediatePairCorr
  0.93TGROX Tiaa Cref GreenPairCorr
  0.98PSHYX Pioneer Short TermPairCorr
  0.89MXGBX Great West TempletonPairCorr
  0.95MFAAX American Funds MortgagePairCorr
  0.61AVALX Aegis Value FundPairCorr
  0.96SCINX Deutsche Croci InterPairCorr
  0.92MOALX MoalxPairCorr
  0.73THMCX Thornburg IntermediatePairCorr
  0.79TPISX Tiaa Cref IntlPairCorr

Moving against Aam/himco Mutual Fund

  0.92PQTAX Pimco Trends ManagedPairCorr
  0.92PQTNX Pimco Trends ManagedPairCorr
  0.92PQTIX Aa Pimco TrPairCorr
  0.84GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aam/himco Mutual Fund performing well and Aam/himco Short 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 Aam/himco Short'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.