Aam/himco Short Correlations

ASDCX Fund

USD 10.02 0.01 0.1%

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

Significant diversification

The correlation between Aamhimco Short Duration and DJI is 0.05 (i.e., Significant 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 main economic indicators.

Moving together with Aam/himco Mutual Fund

1.0	ASDIX	Aamhimco Short Duration	Pair Corr
0.99	ASDAX	Aamhimco Short Duration	Pair Corr
0.91	CPUCX	Aam Select Income	Pair Corr
0.92	CPUAX	Aam Select Income	Pair Corr
0.93	CPUYX	Aaminsight Select Income	Pair Corr
0.93	CPUIX	Aam Select Income	Pair Corr
0.92	PTSPX	Pimco Short Term	Pair Corr
0.92	PTSHX	Short Term Fund	Pair Corr
0.92	PSFAX	Short Term Fund	Pair Corr
0.92	PTSRX	Short Term Fund	Pair Corr
0.96	PSDNX	Putnam Ultra Short	Pair Corr
0.95	LUSNX	Lord Abbett Ultra	Pair Corr
0.98	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.95	PSDRX	Putnam Short Duration	Pair Corr
0.96	PSDYX	Putnam Short Duration	Pair Corr
0.83	GAAKX	Gmo Alternative Allo	Pair Corr
0.83	GAAGX	Gmo Alternative Allo	Pair Corr
0.97	GPBFX	Gmo E Plus	Pair Corr
0.82	WARCX	Wells Fargo Advantage	Pair Corr
0.97	TRSHX	Tiaa-cref Short-term	Pair Corr
0.99	ADVNX	Advisory Research	Pair Corr
0.77	THMIX	Thornburg Intermediate	Pair Corr
0.94	TGROX	Tiaa Cref Green	Pair Corr
0.97	PSHYX	Pioneer Short Term	Pair Corr
0.91	MXGBX	Great West Templeton	Pair Corr
0.96	MFAAX	American Funds Mortgage	Pair Corr
0.61	AVALX	Aegis Value Fund	Pair Corr
0.97	SCINX	Deutsche Croci Inter	Pair Corr
0.94	MOALX	Moalx	Pair Corr
0.76	THMCX	Thornburg Intermediate	Pair Corr
0.81	TPISX	Tiaa Cref Intl	Pair Corr

Moving against Aam/himco Mutual Fund

0.93	PQTAX	Pimco Trends Managed	Pair Corr
0.93	PQTNX	Pimco Trends Managed	Pair Corr
0.93	PQTIX	Aa Pimco Tr	Pair Corr
0.84	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	FTIXX	RMBLX	VFAIX	MSVIX	DVFYX	FIDAX	BTO
FTIXX		0.0	0.0	0.0	0.0	0.0	0.0	FTIXX
RMBLX	0.0		0.8	0.85	0.61	0.89	0.91	RMBLX
VFAIX	0.0	0.8		0.58	0.94	0.75	0.87	VFAIX
MSVIX	0.0	0.85	0.58		0.34	0.84	0.83	MSVIX
DVFYX	0.0	0.61	0.94	0.34		0.6	0.69	DVFYX
FIDAX	0.0	0.89	0.75	0.84	0.6		0.82	FIDAX
BTO	0.0	0.91	0.87	0.83	0.69	0.82		BTO
	FTIXX	RMBLX	VFAIX	MSVIX	DVFYX	FIDAX	BTO

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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

DVFYX	+ 0.94	VFAIX
BTO	+ 0.91	RMBLX
FIDAX	+ 0.89	RMBLX
BTO	+ 0.87	VFAIX
MSVIX	+ 0.85	RMBLX
FIDAX	+ 0.84	MSVIX

High negative correlations

BTO	- 0.0	FTIXX
FIDAX	- 0.0	FTIXX
DVFYX	- 0.0	FTIXX
MSVIX	- 0.0	FTIXX
VFAIX	- 0.0	FTIXX
RMBLX	- 0.0	FTIXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMBLX	1.15	(0.13)	0.00	(0.16)	0.00	0.00	2.20	(3.09)	6.78
VFAIX	0.86	0.04	0.03	0.00	1.31	(0.84)	1.99	(2.51)	6.10
MSVIX	0.99	(0.18)	0.00	(0.22)	0.00	0.00	1.60	(2.19)	10.85
DVFYX	0.85	0.07	0.05	0.03	1.27	(0.82)	1.65	(2.39)	6.47
FIDAX	1.01	(0.12)	0.00	(0.15)	0.00	0.00	2.02	(3.26)	7.13
BTO	1.08	(0.06)	0.00	(0.10)	0.00	0.00	2.30	(2.35)	6.87

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