Aam Select Correlations

CPUIX Fund

USD 9.29 0.04 0.43%

The current 90-days correlation between Aam Select Income and Arrow Managed Futures is 0.06 (i.e., Significant 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

Good diversification

The correlation between Aam Select Income and DJI is -0.09 (i.e., Good 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 gross domestic product.

Moving together with Aam Mutual Fund

0.73	ASDCX	Aamhimco Short Duration	Pair Corr
1.0	CPUCX	Aam Select Income	Pair Corr
0.99	VICSX	Vanguard Intermediate-ter	Pair Corr
0.99	VFICX	Vanguard Intermediate-ter	Pair Corr
0.99	VFIDX	Vanguard Intermediate-ter	Pair Corr
0.99	VICBX	Vanguard Intermediate-ter	Pair Corr
0.99	PBDPX	Pimco Investment Grade	Pair Corr
0.99	PIGIX	Investment Grade Porate	Pair Corr
0.99	PGCAX	Investment Grade Porate	Pair Corr
0.99	PBDAX	Investment Grade Porate	Pair Corr
0.99	PBDCX	Investment Grade Porate	Pair Corr
0.99	PCNNX	Pimco Investment Grade	Pair Corr
0.75	BRUFX	Bruce Fund Bruce	Pair Corr
0.71	KF	Korea Closed	Pair Corr
0.69	RBCUX	Tax Exempt Bond	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Aam Mutual Fund

0.65	SPGSX	State Street Premier	Pair Corr
0.62	XGEIX	Guggenheim Energy Income	Pair Corr
0.35	AFNIX	Aambahl Gaynor Income	Pair Corr
0.34	AFNAX	Aambahl Gaynor Income	Pair Corr
0.32	AFYCX	Aambahl Gaynor Income	Pair Corr
0.82	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.79	BDJ	Blackrock Enhanced Equity	Pair Corr
0.77	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.77	BAC	Bank of America Aggressive Push	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.65	VFINX	Vanguard 500 Index	Pair Corr
0.65	VFIAX	Vanguard 500 Index	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.6	DIS	Walt Disney Sell-off Trend	Pair Corr
0.6	WMT	Walmart Aggressive Push	Pair Corr
0.59	CII	Blackrock Enhanced	Pair Corr
0.55	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.51	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.35	HD	Home Depot	Pair Corr

Related Correlations Analysis

	MFTFX	HCEMX	RYMBX	REMVX	APDOX	JHUJX	EPEIX	PACEX
MFTFX		-0.29	-0.45	-0.18	-0.42	-0.25	-0.27	-0.19	MFTFX
HCEMX	-0.29		0.76	0.98	0.48	0.99	0.97	0.86	HCEMX
RYMBX	-0.45	0.76		0.71	0.53	0.74	0.72	0.63	RYMBX
REMVX	-0.18	0.98	0.71		0.35	0.98	0.98	0.85	REMVX
APDOX	-0.42	0.48	0.53	0.35		0.46	0.4	0.57	APDOX
JHUJX	-0.25	0.99	0.74	0.98	0.46		0.96	0.84	JHUJX
EPEIX	-0.27	0.97	0.72	0.98	0.4	0.96		0.89	EPEIX
PACEX	-0.19	0.86	0.63	0.85	0.57	0.84	0.89		PACEX
	MFTFX	HCEMX	RYMBX	REMVX	APDOX	JHUJX	EPEIX	PACEX

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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

JHUJX	+ 0.99	HCEMX
REMVX	+ 0.98	HCEMX
JHUJX	+ 0.98	REMVX
EPEIX	+ 0.98	REMVX
EPEIX	+ 0.97	HCEMX
EPEIX	+ 0.96	JHUJX

High negative correlations

RYMBX	- 0.45	MFTFX
APDOX	- 0.42	MFTFX
HCEMX	- 0.29	MFTFX
EPEIX	- 0.27	MFTFX
JHUJX	- 0.25	MFTFX
PACEX	- 0.19	MFTFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MFTFX	0.97	(0.15)	0.00	(0.08)	0.00	0.00	1.70	(1.95)	5.42
HCEMX	0.72	(0.04)	(0.13)	(0.03)	0.91	(0.85)	1.83	(1.86)	4.70
RYMBX	0.92	0.01	(0.10)	(0.01)	1.18	(0.93)	1.84	(2.13)	4.53
REMVX	0.85	(0.07)	0.00	(0.05)	0.00	0.00	1.74	(2.04)	6.85
APDOX	0.15	0.01	(0.47)	0.21	0.08	(0.21)	0.39	(0.20)	1.45
JHUJX	0.68	(0.08)	0.00	(0.04)	0.00	0.00	1.28	(1.64)	4.57
EPEIX	0.73	(0.01)	(0.11)	0.07	1.00	(0.75)	1.57	(1.61)	6.52
PACEX	0.13	0.01	(0.75)	1.30	0.00	(0.21)	0.32	(0.22)	0.97

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