Aamhimco Short Correlations

ASDAX Fund  USD 10.04  0.01  0.1%   
The current 90-days correlation between Aamhimco Short Duration and Us Government Securities is -0.05 (i.e., Good diversification). The correlation of Aamhimco 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.

Aamhimco Short Correlation With Market

Good diversification

The correlation between Aamhimco Short Duration and DJI is -0.19 (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 Aamhimco Mutual Fund

  0.97ASDIX Aamhimco Short DurationPairCorr
  0.96ASDCX Aamhimco Short DurationPairCorr
  0.89PTSPX Pimco Short TermPairCorr
  0.89PTSHX Short Term FundPairCorr
  0.89PSFAX Short Term FundPairCorr
  0.89PTSRX Short Term FundPairCorr
  0.93PSDNX Putnam Ultra ShortPairCorr
  0.92LUSNX Lord Abbett UltraPairCorr
  0.95VUBFX Vanguard Ultra-short-termPairCorr
  0.92PSDRX Putnam Short DurationPairCorr
  0.92PSDYX Putnam Short DurationPairCorr
  0.62VGPMX Vanguard Global Capital Potential GrowthPairCorr
  0.7NCMFX Virtus Multi SectorPairCorr
  0.8TEDTX Tiaa Cref EmergingPairCorr
  0.88RRIGX T Rowe PricePairCorr
  0.95DNYMX Dfa Ny MunicipalPairCorr
  0.92LALDX Lord Abbett ShortPairCorr
  0.94GSZAX Goldman Sachs StrategicPairCorr
  0.85VWEAX Vanguard High YieldPairCorr
  0.77CDHAX Calvert Developed MarketPairCorr
  0.95RAAGX Short Term BondPairCorr
  0.86NEARX Near Term TaxPairCorr

Moving against Aamhimco Mutual Fund

  0.73SMPIX Semiconductor UltrasectorPairCorr
  0.39AFYCX Aambahl Gaynor IncomePairCorr
  0.37AFNAX Aambahl Gaynor IncomePairCorr
  0.36AFNIX Aambahl Gaynor IncomePairCorr
  0.75SMPSX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aamhimco Mutual Fund performing well and Aamhimco 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 Aamhimco 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.