American Independence Correlations

SEKSX Fund

USD 10.06 0.03 0.30%

The current 90-days correlation between American Independence and American Independence Kansas is 0.19 (i.e., Average diversification). The correlation of American Independence 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.

American Independence Correlation With Market

Average diversification

The correlation between American Independence Kansas and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Independence Kansas and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in American Independence Kansas. 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 state.

Moving together with American Mutual Fund

0.92	IKSTX	American Independence	Pair Corr
0.98	KYTFX	Kentucky Tax Free	Pair Corr
0.86	UVABX	Virginia Bond	Pair Corr
1.0	HULYX	Hawaiian Tax Free	Pair Corr
0.9	HULFX	Hawaiian Tax Free	Pair Corr
0.91	ORTYX	Aquila Tax Free	Pair Corr
0.96	UVAIX	Usaa Virginia Bond	Pair Corr
0.87	USVAX	Virginia Bond	Pair Corr
0.91	HULAX	Hawaiian Tax Free	Pair Corr

Related Correlations Analysis

	IKSTX	SEKSX	NFRAX	RSIFX	ASCGX	PRGTX	CCVIX	FXAIX	VFINX	VFIAX
IKSTX		0.92	0.2	0.33	0.46	0.16	0.59	0.38	0.39	0.39	IKSTX
SEKSX	0.92		0.23	0.35	0.43	0.21	0.55	0.37	0.37	0.37	SEKSX
NFRAX	0.2	0.23		0.9	0.77	0.82	0.69	0.79	0.79	0.79	NFRAX
RSIFX	0.33	0.35	0.9		0.93	0.93	0.81	0.9	0.9	0.9	RSIFX
ASCGX	0.46	0.43	0.77	0.93		0.8	0.89	0.9	0.9	0.9	ASCGX
PRGTX	0.16	0.21	0.82	0.93	0.8		0.61	0.79	0.79	0.79	PRGTX
CCVIX	0.59	0.55	0.69	0.81	0.89	0.61		0.89	0.89	0.89	CCVIX
FXAIX	0.38	0.37	0.79	0.9	0.9	0.79	0.89		1.0	1.0	FXAIX
VFINX	0.39	0.37	0.79	0.9	0.9	0.79	0.89	1.0		1.0	VFINX
VFIAX	0.39	0.37	0.79	0.9	0.9	0.79	0.89	1.0	1.0		VFIAX
	IKSTX	SEKSX	NFRAX	RSIFX	ASCGX	PRGTX	CCVIX	FXAIX	VFINX	VFIAX

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Risk-Adjusted Indicators

There is a big difference between American Mutual Fund performing well and American Independence 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 American Independence'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
IKSTX	0.14	(0.03)	0.00	(0.76)	0.00	0.00	0.20	(0.30)	1.29
SEKSX	0.14	(0.03)	0.00	(1.08)	0.00	0.00	0.20	(0.30)	1.29
NFRAX	0.06	0.01	0.34	0.89	0.00	(0.11)	0.11	(0.06)	0.72
RSIFX	1.12	0.16	0.10	0.85	1.46	(1.16)	2.35	(2.64)	8.35
ASCGX	1.11	0.09	0.07	0.91	1.36	(1.14)	2.24	(1.89)	8.49
PRGTX	0.92	0.09	0.07	1.18	1.20	(1.01)	1.98	(2.49)	5.14
CCVIX	0.50	0.01	0.03	0.04	0.66	(0.52)	1.03	(0.92)	3.51
FXAIX	0.58	0.04	0.05	0.13	0.84	(0.55)	1.10	(1.31)	5.47
VFINX	0.58	0.04	0.05	0.13	0.84	(0.55)	1.10	(1.31)	5.48
VFIAX	0.58	0.04	0.05	0.13	0.84	(0.55)	1.10	(1.31)	5.48

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American Independence Correlations

American Independence Correlation With Market

Average diversification

Moving together with American Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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