Iman Fund Correlations
| IMANX Fund | USD 15.28 0.04 0.26% |
The current 90-days correlation between Iman Fund Class and Azzad Ethical Fund is 0.07 (i.e., Significant diversification). The correlation of Iman Fund 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.
Iman Fund Correlation With Market
Good diversification
The correlation between Iman Fund Class and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iman Fund Class and DJI in the same portfolio, assuming nothing else is changed.
Iman |
Moving together with Iman Mutual Fund
| 0.87 | FAFGX | American Funds | PairCorr |
| 0.87 | FFAFX | American Funds | PairCorr |
| 0.85 | GFACX | Growth Fund | PairCorr |
| 0.86 | GFAFX | Growth Fund | PairCorr |
| 0.9 | AGTHX | Growth Fund | PairCorr |
| 0.86 | CGFFX | Growth Fund | PairCorr |
| 0.84 | CGFCX | Growth Fund | PairCorr |
| 0.86 | CGFAX | Growth Fund | PairCorr |
| 0.86 | CGFEX | Growth Fund | PairCorr |
| 0.86 | RGAEX | Growth Fund | PairCorr |
| 0.72 | SMPIX | Semiconductor Ultrasector | PairCorr |
| 0.73 | SMPSX | Semiconductor Ultrasector | PairCorr |
Moving against Iman Mutual Fund
| 0.88 | RYARX | Inverse Sp 500 Potential Growth | PairCorr |
| 0.66 | AGIVX | Invesco Government | PairCorr |
| 0.62 | VIITX | Vanguard Institutional | PairCorr |
| 0.56 | PRAPX | Pimco Total Return | PairCorr |
| 0.51 | DIMIX | Dreyfus Short Interm | PairCorr |
| 0.5 | BORIX | Collegeadvantage 529 | PairCorr |
| 0.5 | OSIIX | Oppenheimer Global Strtgc | PairCorr |
| 0.47 | VEMBX | Vanguard Emerging Markets | PairCorr |
| 0.32 | TEDMX | Templeton Developing | PairCorr |
| 0.7 | HIO | Western Asset High | PairCorr |
| 0.65 | ACCOX | International Value | PairCorr |
| 0.65 | TRIGX | T Rowe Price | PairCorr |
| 0.64 | FSUGX | American Funds Government | PairCorr |
Related Correlations Analysis
| 0.44 | 0.82 | 0.83 | -0.57 | ADJEX | ||
| 0.44 | 0.74 | 0.32 | 0.15 | AMANX | ||
| 0.82 | 0.74 | 0.71 | -0.52 | AMAGX | ||
| 0.83 | 0.32 | 0.71 | -0.56 | AMDWX | ||
| -0.57 | 0.15 | -0.52 | -0.56 | WISEX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Iman Mutual Fund performing well and Iman Fund 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 Iman Fund'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADJEX | 0.96 | (0.21) | 0.00 | (0.31) | 0.00 | 1.68 | 5.88 | |||
| AMANX | 0.73 | (0.14) | 0.00 | 0.57 | 0.00 | 1.10 | 5.93 | |||
| AMAGX | 0.95 | (0.22) | 0.00 | 0.63 | 0.00 | 1.30 | 5.16 | |||
| AMDWX | 0.70 | (0.05) | 0.00 | (0.16) | 0.00 | 1.17 | 4.58 | |||
| WISEX | 0.06 | 0.00 | 0.55 | 0.03 | 0.00 | 0.19 | 0.37 |