Aim Investment Correlations

GMQXX Fund

USD 1.00 0.00 0.00%

The current 90-days correlation between Aim Investment Secs and Vanguard Total Stock is -0.16 (i.e., Good 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

Significant diversification

The correlation between Aim Investment Secs and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aim Investment Secs and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aim Investment Secs. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Aim Money Market Fund

1.0

UPRXX

Ubs Money Series

Pair Corr

Moving against Aim Money Market Fund

0.54	PFHCX	Pacific Funds Small	Pair Corr
0.43	VTIAX	Vanguard Total Inter	Pair Corr
0.41	VGTSX	Vanguard Total Inter	Pair Corr
0.39	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.94	1.0	1.0	1.0	1.0	0.94	1.0	-0.59	-0.61	VTSAX
VFIAX	0.94		0.94	0.94	0.94	0.94	1.0	0.94	-0.62	-0.64	VFIAX
VTSMX	1.0	0.94		1.0	1.0	1.0	0.93	1.0	-0.58	-0.6	VTSMX
VITSX	1.0	0.94	1.0		1.0	1.0	0.93	1.0	-0.58	-0.6	VITSX
VSTSX	1.0	0.94	1.0	1.0		1.0	0.93	1.0	-0.58	-0.6	VSTSX
VSMPX	1.0	0.94	1.0	1.0	1.0		0.93	1.0	-0.58	-0.6	VSMPX
VFINX	0.94	1.0	0.93	0.93	0.93	0.93		0.94	-0.63	-0.65	VFINX
VFFSX	1.0	0.94	1.0	1.0	1.0	1.0	0.94		-0.59	-0.6	VFFSX
VGTSX	-0.59	-0.62	-0.58	-0.58	-0.58	-0.58	-0.63	-0.59		0.99	VGTSX
VTIAX	-0.61	-0.64	-0.6	-0.6	-0.6	-0.6	-0.65	-0.6	0.99		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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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

VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX
VFINX	+ 1.0	VFIAX

High negative correlations

VTIAX	- 0.65	VFINX
VTIAX	- 0.64	VFIAX
VGTSX	- 0.63	VFINX
VGTSX	- 0.62	VFIAX
VTIAX	- 0.61	VTSAX
VTIAX	- 0.6	VFFSX

Risk-Adjusted Indicators

There is a big difference between Aim Money Market Fund performing well and Aim Investment Money Market 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VTSAX	0.57	0.06	0.05	0.52	0.77	(0.58)	1.08	(1.13)	5.94
VFIAX	0.52	0.07	0.06	1.84	0.71	(0.53)	1.09	(0.96)	5.48
VTSMX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.08	(1.13)	5.94
VITSX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.08	(1.13)	5.95
VSTSX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.09	(1.13)	5.94
VSMPX	0.56	0.06	0.04	0.50	0.77	(0.57)	1.09	(1.13)	5.94
VFINX	0.52	0.08	0.06	1.98	0.71	(0.53)	1.09	(0.96)	5.48
VFFSX	0.53	0.06	0.04	0.58	0.75	(0.53)	1.09	(1.10)	5.48
VGTSX	0.56	(0.12)	0.00	(1.40)	0.00	0.00	0.97	(1.56)	4.43
VTIAX	0.54	(0.09)	0.00	(1.00)	0.00	0.00	0.96	(1.32)	4.45

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