Aamhimco Short Correlations

ASDIX Fund

USD 10.05 0.01 0.1%

The current 90-days correlation between Aamhimco Short Duration and Real Estate Securities is 0.42 (i.e., Very weak 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

Modest diversification

The correlation between Aamhimco Short Duration and DJI is 0.26 (i.e., Modest 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 gross domestic product.

Moving together with Aamhimco Mutual Fund

0.97	ASDAX	Aamhimco Short Duration	Pair Corr
0.92	ASDCX	Aamhimco Short Duration	Pair Corr
0.88	PTSPX	Pimco Short Term	Pair Corr
0.88	PTSHX	Short Term Fund	Pair Corr
0.88	PSFAX	Short Term Fund	Pair Corr
0.88	PTSRX	Short Term Fund	Pair Corr
0.93	PSDNX	Putnam Ultra Short	Pair Corr
0.91	LUSNX	Lord Abbett Ultra	Pair Corr
0.96	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.91	PSDRX	Putnam Short Duration	Pair Corr
0.91	PSDYX	Putnam Short Duration	Pair Corr
0.64	VGPMX	Vanguard Global Capital Potential Growth	Pair Corr
0.69	NCMFX	Virtus Multi Sector	Pair Corr
0.79	TEDTX	Tiaa Cref Emerging	Pair Corr
0.88	RRIGX	T Rowe Price	Pair Corr
0.96	DNYMX	Dfa Ny Municipal	Pair Corr
0.91	LALDX	Lord Abbett Short	Pair Corr
0.93	GSZAX	Goldman Sachs Strategic	Pair Corr
0.84	VWEAX	Vanguard High Yield	Pair Corr
0.79	CDHAX	Calvert Developed Market	Pair Corr
0.95	RAAGX	Short Term Bond	Pair Corr
0.84	NEARX	Near Term Tax	Pair Corr

Moving against Aamhimco Mutual Fund

0.72	SMPIX	Semiconductor Ultrasector	Pair Corr
0.39	AFYCX	Aambahl Gaynor Income	Pair Corr
0.37	AFNAX	Aambahl Gaynor Income	Pair Corr
0.36	AFNIX	Aambahl Gaynor Income	Pair Corr
0.76	SMPSX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	PREJX	RRRZX	ZRPTUX	CREFX	IVRSX	FORFX	VUVAF
PREJX		0.99	0.87	0.98	0.99	-0.41	0.0	PREJX
RRRZX	0.99		0.86	0.99	1.0	-0.43	0.0	RRRZX
ZRPTUX	0.87	0.86		0.86	0.86	-0.27	0.0	ZRPTUX
CREFX	0.98	0.99	0.86		0.99	-0.34	0.0	CREFX
IVRSX	0.99	1.0	0.86	0.99		-0.41	0.0	IVRSX
FORFX	-0.41	-0.43	-0.27	-0.34	-0.41		0.0	FORFX
VUVAF	0.0	0.0	0.0	0.0	0.0	0.0		VUVAF
	PREJX	RRRZX	ZRPTUX	CREFX	IVRSX	FORFX	VUVAF

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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

IVRSX	+ 1.0	RRRZX
RRRZX	+ 0.99	PREJX
IVRSX	+ 0.99	PREJX
CREFX	+ 0.99	RRRZX
IVRSX	+ 0.99	CREFX
CREFX	+ 0.98	PREJX

High negative correlations

FORFX	- 0.43	RRRZX
FORFX	- 0.41	IVRSX
FORFX	- 0.41	PREJX
FORFX	- 0.34	CREFX
FORFX	- 0.27	ZRPTUX
VUVAF	- 0.0	FORFX

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PREJX	0.81	(0.01)	(0.04)	1.51	(1.89)	4.85
RRRZX	0.78	(0.02)	(0.07)	1.61	(1.62)	5.26
ZRPTUX	0.07	(0.01)	(0.19)	0.15	(0.45)	0.90
CREFX	0.79	(0.02)	(0.05)	1.54	(1.63)	4.83
IVRSX	0.75	(0.02)	(0.06)	1.31	(1.57)	5.04
FORFX	0.06	0.02	1.70	0.11	0.00	0.72
VUVAF	0.00	0.00	0.00	0.00	0.00	0.00

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