Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUAX Fund  USD 9.22  0.02  0.22%   
The current 90-days correlation between Aam Select Income and Crafword Dividend Growth is 0.18 (i.e., Average diversification). The correlation of Aam Select 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 Select Correlation With Market

Modest diversification

The correlation between Aam Select Income and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aam Select Income 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 Aam Select Income. 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 Aam Mutual Fund

  0.87ASDIX Aamhimco Short DurationPairCorr
  0.86ASDAX Aamhimco Short DurationPairCorr
  0.87ASDCX Aamhimco Short DurationPairCorr
  0.9CPUCX Aam Select IncomePairCorr
  0.91CPUYX Aaminsight Select IncomePairCorr
  1.0CPUIX Aam Select IncomePairCorr
  0.87VICSX Vanguard Intermediate-terPairCorr
  0.86VFICX Vanguard Intermediate-terPairCorr
  0.86VFIDX Vanguard Intermediate-terPairCorr
  0.87VICBX Vanguard Intermediate-terPairCorr
  0.86PBDPX Pimco Investment GradePairCorr
  0.86PIGIX Investment Grade PoratePairCorr
  0.85PGCAX Investment Grade PoratePairCorr
  0.86PBDAX Investment Grade PoratePairCorr
  0.87PBDCX Investment Grade PoratePairCorr
  0.9PCNNX Pimco Investment GradePairCorr
  0.65PFN Pimco Income StrategyPairCorr
  0.62PCF Putnam High IncomePairCorr
  0.86DBLGX Doubleline Global BondPairCorr
  0.67JEMCX Jpmorgan Emerging MarketsPairCorr
  0.69GGRPX Goldman Sachs ModityPairCorr
  0.7BLSIX Blackrock EmergingPairCorr
  0.77RBBCX Columbia Income BuilderPairCorr
  0.68QGMNX Aqr Global MacroPairCorr
  0.75AIDYX Diversified MunicipalPairCorr
  0.9DRIRX Dimensional 2020 TargetPairCorr
  0.85FXNAX Fidelity Bond IndexPairCorr
  0.68UUPIX Ultraemerging MarketsPairCorr
  0.8VGPMX Vanguard Global CapitalPairCorr
  0.69BKMIX Blackrock Multi AssetPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aam Mutual Fund performing well and Aam Select 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 Select'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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