Cm Commodity Correlations

CMCAX Fund

USD 68.43 0.34 0.49%

The current 90-days correlation between Cm Modity Index and Global Hard Assets is 0.44 (i.e., Very weak diversification). The correlation of Cm Commodity 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.

Cm Commodity Correlation With Market

Good diversification

The correlation between Cm Modity Index and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cm Modity Index 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 Cm Modity Index. 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 CMCAX Mutual Fund

0.78	INIVX	International Investors	Pair Corr
0.79	INIYX	International Investors	Pair Corr
0.78	INIIX	International Investors	Pair Corr
0.83	GHAIX	Global Hard Assets	Pair Corr
0.83	GHAYX	Global Hard Assets	Pair Corr
0.82	GHAAX	Global Hard Assets	Pair Corr
0.82	GHACX	Global Hard Assets	Pair Corr
0.63	CMCYX	Cm Modity Index	Pair Corr
1.0	COMIX	Cm Modity Index	Pair Corr
0.79	IIGCX	International Investors	Pair Corr
0.92	PCRIX	Commodityrealreturn	Pair Corr
0.92	PCRRX	Commodityrealreturn	Pair Corr
0.92	PCRPX	Pimco Modityrealreturn	Pair Corr
0.92	PCSRX	Commodityrealreturn	Pair Corr
0.92	PCRAX	Commodityrealreturn	Pair Corr
0.93	PCRCX	Commodityrealreturn	Pair Corr
0.92	PCRNX	Pimco Commodityrealret	Pair Corr
0.84	PCLAX	Pimco Commoditiesplus	Pair Corr
0.85	PCPCX	Pimco Commoditiesplus	Pair Corr
0.86	PCLNX	Pimco Commoditiesplus	Pair Corr
0.73	PDI	Pimco Dynamic Income	Pair Corr
0.78	FTCAX	Templeton Strained Bond	Pair Corr

Moving against CMCAX Mutual Fund

0.36	MWMIX	Vaneck Morningstar Wide	Pair Corr
0.36	MWMZX	Vaneck Morningstar Wide	Pair Corr
0.75	TCTGX	Transamerica Cleartrack	Pair Corr
0.75	TCTJX	Transamerica Cleartrack	Pair Corr
0.74	TDKTX	Cleartrack 2015 Class	Pair Corr
0.7	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	GHAAX	PCLAX	ARCIX	EIPCX	BCSAX
GHAAX		0.66	0.78	0.79	0.8	GHAAX
PCLAX	0.66		0.79	0.71	0.69	PCLAX
ARCIX	0.78	0.79		0.97	0.97	ARCIX
EIPCX	0.79	0.71	0.97		0.95	EIPCX
BCSAX	0.8	0.69	0.97	0.95		BCSAX
	GHAAX	PCLAX	ARCIX	EIPCX	BCSAX

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Risk-Adjusted Indicators

There is a big difference between CMCAX Mutual Fund performing well and Cm Commodity 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 Cm Commodity'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
GHAAX	0.79	0.08	0.10	0.07	1.06	(0.82)	1.53	(1.52)	3.65
PCLAX	0.53	0.02	0.12	0.30	0.65	(0.56)	0.96	(1.24)	4.26
ARCIX	0.57	0.11	0.20	0.59	0.66	(0.61)	1.22	(1.24)	4.94
EIPCX	0.41	0.08	0.24	(2.54)	0.42	(0.49)	0.91	(0.98)	3.67
BCSAX	0.51	0.07	0.20	1.55	0.55	(0.57)	1.06	(1.04)	2.54

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