Aim Investment Correlations

Mutual Funds . USA . 
Fund . Aim Investment Securities
FDATX Fund  USD 25.29  0.01  0.04%   
The current 90-days correlation between Aim Investment Securities and Harbor Diversified International is 0.08 (i.e., Significant 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

Modest diversification

The correlation between Aim Investment Securities and DJI is 0.25 (i.e., Modest 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

  0.67AMHYX Invesco High YieldPairCorr
  0.73OSMAX Oppenheimer InternationalPairCorr
  0.7OSMCX Oppenheimer InternationalPairCorr
  0.72HYIFX Invesco High YieldPairCorr
  0.65HYINX Invesco High YieldPairCorr
  0.91ILAAX Invesco Income AllocationPairCorr
  0.8PXCCX Invesco Select RiskPairCorr
  0.84BRCRX Invesco Balanced RiskPairCorr
  0.78BRCNX Invesco Balanced RiskPairCorr
  0.81PXCIX Invesco Select RiskPairCorr
  0.83BRCCX Invesco Balanced RiskPairCorr
  0.67BRCAX Invesco Balanced RiskPairCorr
  0.81BRCYX Invesco Balanced RiskPairCorr
  0.85EMLDX Invesco Emerging MarketsPairCorr
  0.76PXMQX Invesco Select RiskPairCorr
  0.74PXMSX Invesco Select RiskPairCorr
  0.76PXMMX Invesco Select RiskPairCorr
  0.77OCCIX Oppenheimer CnsrvtvPairCorr
  0.69STBAX Invesco Short TermPairCorr
  0.69STBCX Invesco Short TermPairCorr
  0.78MLPRX Oppenheimer Steelpath MlpPairCorr
  0.68STBYX Invesco Short TermPairCorr
  0.75STBRX Invesco Short TermPairCorr
  0.74MLPDX Oppenheimer Steelpath MlpPairCorr
  0.76MLPAX Oppenheimer Steelpath MlpPairCorr
  0.76MLPGX Oppenheimer Steelpath MlpPairCorr
  0.71MLPFX Oppenheimer Steelpath MlpPairCorr
  0.71MLPEX Steelpath SelectPairCorr
  0.72MLPMX Oppenheimer Steelpath MlpPairCorr

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.

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