Aam Select Correlations

Mutual Funds . USA . 
Fund . Aam Select Income
CPUCX Fund  USD 9.22  0.02  0.22%   
The current 90-days correlation between Aam Select Income and Multimanager Lifestyle Moderate is 0.5 (i.e., Very weak 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

Average diversification

The correlation between Aam Select Income and DJI is 0.14 (i.e., Average 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 main economic indicators.

Moving together with Aam Mutual Fund

  0.89ASDIX Aamhimco Short DurationPairCorr
  0.87ASDAX Aamhimco Short DurationPairCorr
  0.89ASDCX Aamhimco Short DurationPairCorr
  1.0CPUAX Aam Select IncomePairCorr
  1.0CPUYX Aaminsight Select IncomePairCorr
  1.0CPUIX Aam Select IncomePairCorr
  0.99VICSX Vanguard Intermediate-terPairCorr
  0.99VFICX Vanguard Intermediate-terPairCorr
  0.98VFIDX Vanguard Intermediate-terPairCorr
  0.99VICBX Vanguard Intermediate-terPairCorr
  0.98PBDPX Pimco Investment GradePairCorr
  0.98PIGIX Investment Grade PoratePairCorr
  0.98PGCAX Investment Grade PoratePairCorr
  0.98PBDAX Investment Grade PoratePairCorr
  0.99PBDCX Investment Grade PoratePairCorr
  0.98PCNNX Pimco Investment GradePairCorr
  0.69GAAKX Gmo Alternative AlloPairCorr
  0.69GAAGX Gmo Alternative AlloPairCorr
  0.97GPBFX Gmo E PlusPairCorr
  0.9WARCX Wells Fargo AdvantagePairCorr
  0.79AOUAX Angel Oak UltrashortPairCorr
  0.92EMBAX Unconstrained EmergingPairCorr
  0.9MEERX Massmutual PremierPairCorr
  0.93RMDUX American Funds MultiPairCorr
  0.86VTAPX Vanguard Short TermPairCorr
  0.81GF New Germany ClosedPairCorr
  0.84VGWAX Vanguard Global WellPairCorr
  0.96MFAAX American Funds MortgagePairCorr
  0.88VMLTX Vanguard Limited TermPairCorr
  0.75FGDIX Fidelity Advisor GoldPairCorr

Moving against Aam Mutual Fund

  0.88PQTAX Pimco Trends ManagedPairCorr
  0.88PQTNX Pimco Trends ManagedPairCorr
  0.88PQTIX Aa Pimco TrPairCorr
  0.79GPMFX Guidepath Managed FuturesPairCorr

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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