Cm Commodity Correlations

CMCYX Fund  USD 70.82  0.35  0.49%   
The current 90-days correlation between Cm Modity Index and Siit Emerging Markets is -0.3 (i.e., Very good 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 -0.07 (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 manufacturing.

Moving together with CMCYX Mutual Fund

  0.62GHAIX Global Hard AssetsPairCorr
  0.62GHAYX Global Hard AssetsPairCorr
  0.62GHAAX Global Hard AssetsPairCorr
  0.62GHACX Global Hard AssetsPairCorr
  0.63CMCAX Cm Modity IndexPairCorr
  0.63COMIX Cm Modity IndexPairCorr

Moving against CMCYX Mutual Fund

  0.44TCTGX Transamerica CleartrackPairCorr
  0.44TDKTX Cleartrack 2015 ClassPairCorr
  0.44TCTJX Transamerica CleartrackPairCorr
  0.42TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between CMCYX 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.