Cm Commodity Correlations

Mutual Funds . USA . 
Fund . Cm Modity Index
CMCYX Fund  USD 70.31  0.13  0.18%   
The current 90-days correlation between Cm Modity Index and Lord Abbett Diversified is 0.09 (i.e., Significant 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

Average diversification

The correlation between Cm Modity Index and DJI is 0.12 (i.e., Average 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

  0.97CMCAX Cm Modity IndexPairCorr
  0.81IIGCX International InvestorsPairCorr
  0.97PCRIX CommodityrealreturnPairCorr
  0.97PCRRX CommodityrealreturnPairCorr
  0.97PCRPX Pimco ModityrealreturnPairCorr
  0.97PCSRX CommodityrealreturnPairCorr
  0.99PCRAX CommodityrealreturnPairCorr
  0.97PCRCX CommodityrealreturnPairCorr
  0.97PCRNX Pimco CommodityrealretPairCorr
  0.92PCLAX Pimco CommoditiesplusPairCorr
  0.92PCPCX Pimco CommoditiesplusPairCorr
  0.92PCLNX Pimco CommoditiesplusPairCorr
  0.8JAACX Alternative AssetPairCorr
  0.85LEOIX Lazard Enhanced OppoPairCorr
  0.65AGDZX Ab High IncomePairCorr
  0.78MFIRX Ms Global FixedPairCorr
  0.71ADX Adams Diversified EquityPairCorr
  0.69BSIIX Blackrock StrategicPairCorr
  0.67HYT Blackrock Corporate HighPairCorr
  0.73PQDMX Prudential Qma IntlPairCorr
  0.68WARIX Western Asset TotalPairCorr

Moving against CMCYX Mutual Fund

  0.7SMPSX Semiconductor UltrasectorPairCorr
  0.64SMPIX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

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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   
LIXRX
+ 1.0
LIGFX
HIIDX
+ 0.94
LIGFX
HIIDX
+ 0.94
LIXRX
MNDWX
+ 0.89
CDBCX
QDARX
+ 0.87
JDJRX
HIIDX
+ 0.85
MNDWX
  
High negative correlations   
CDBCX
- 0.43
SRDAX
MNDWX
- 0.29
SRDAX
SRDAX
- 0.19
LIXRX
SRDAX
- 0.15
LIGFX
HIIDX
- 0.12
SRDAX
JDJRX
- 0.03
CDBCX

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.

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