Income Fund Correlations
| RIEBX Fund | USD 25.40 0.04 0.16% |
The current 90-days correlation between Income Fund and Cref Money Market is -0.12 (i.e., Good diversification). The correlation of Income 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.
Income Fund Correlation With Market
Poor diversification
The correlation between Income Fund Of and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Fund Of and DJI in the same portfolio, assuming nothing else is changed.
Income |
Moving together with Income Mutual Fund
| 0.99 | AMECX | Income Fund | PairCorr |
| 0.87 | RNEBX | New World Fund | PairCorr |
| 0.66 | AMFCX | American Mutual | PairCorr |
| 0.8 | AMFFX | American Mutual | PairCorr |
| 0.87 | RNCCX | American Funds Income | PairCorr |
| 1.0 | AMEFX | Income Fund | PairCorr |
| 0.78 | AMHIX | American High Income | PairCorr |
| 0.68 | TEBCX | Tax Exempt Bond | PairCorr |
| 0.66 | TECCX | Tax Exempt Fund | PairCorr |
| 0.87 | FPTPX | American Funds Conse | PairCorr |
| 0.68 | TECFX | Tax Exempt Fund | PairCorr |
| 0.69 | TEFEX | Tax Exempt Fund | PairCorr |
| 0.8 | AMRMX | American Mutual | PairCorr |
| 0.8 | AMRFX | American Mutual | PairCorr |
| 0.91 | RNRPX | American Funds Retirement | PairCorr |
| 0.87 | TEPAX | American Funds Tax | PairCorr |
| 0.72 | TEPFX | American Funds Tax | PairCorr |
| 0.79 | RNWEX | New World Fund | PairCorr |
| 0.88 | RNWGX | New World Fund | PairCorr |
| 0.9 | CDWFX | American Funds Developing | PairCorr |
| 0.9 | CDWCX | American Funds Developing | PairCorr |
| 0.9 | CDWAX | American Funds Developing | PairCorr |
| 0.83 | CWBFX | Capital World Bond | PairCorr |
| 0.71 | CWGFX | Capital World Growth | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Income Mutual Fund performing well and Income 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 Income 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QCMMIX | 0.02 | 0.01 | 0.00 | (2.67) | 0.00 | 0.03 | 0.03 | |||
| MODXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HEWXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SWGXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| STPXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |