Aim Investment Correlations

FDATX Fund  USD 25.17  0.05  0.20%   
The current 90-days correlation between Aim Investment Securities and Clearbridge Energy Mlp is 0.12 (i.e., Average diversification). The correlation of Aim Investment 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.

Aim Investment Correlation With Market

Weak diversification

The correlation between Aim Investment Securities and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aim Investment Securities and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Aim Investment Securities. 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 estimate.

Moving together with Aim Mutual Fund

  0.83AMHYX Invesco High YieldPairCorr
  0.89OSICX Oppenheimer StrategicPairCorr
  0.79OSMAX Oppenheimer InternationalPairCorr
  0.79OSMCX Oppenheimer InternationalPairCorr
  0.84HYIFX Invesco High YieldPairCorr
  0.83HYINX Invesco High YieldPairCorr
  0.85ILAAX Invesco Income AllocationPairCorr
  0.76PXCCX Invesco Select RiskPairCorr
  0.88BRCRX Invesco Balanced RiskPairCorr
  0.88BRCNX Invesco Balanced RiskPairCorr
  0.76PXCIX Invesco Select RiskPairCorr
  0.87BRCCX Invesco Balanced RiskPairCorr
  0.88BRCAX Invesco Balanced RiskPairCorr
  0.88BRCYX Invesco Balanced RiskPairCorr
  0.82EMLDX Invesco Emerging MarketsPairCorr
  0.71OCCIX Oppenheimer CnsrvtvPairCorr
  0.77STBAX Invesco Short TermPairCorr
  0.75STBCX Invesco Short TermPairCorr
  0.91MLPRX Oppenheimer Steelpath MlpPairCorr
  0.78STBYX Invesco Short TermPairCorr
  0.78STBRX Invesco Short TermPairCorr
  0.92MLPDX Oppenheimer Steelpath MlpPairCorr
  0.8MLPAX Oppenheimer Steelpath MlpPairCorr
  0.78MLPGX Oppenheimer Steelpath MlpPairCorr
  0.83MLPFX Oppenheimer Steelpath MlpPairCorr
  0.82MLPEX Steelpath SelectPairCorr
  0.76MLPMX Oppenheimer Steelpath MlpPairCorr

Moving against Aim Mutual Fund

  0.37DIGGX Invesco DiscoveryPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aim Mutual Fund performing well and Aim Investment 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 Aim Investment'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.