American Independence Related Correlations

IKSTX Fund

USD 10.02 0.02 0.20%

Generate correlation matrix for American Independence and other related equities to check the degree to which American Independence Kansas price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for American Independence Kansas. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis 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 tightly coupled with the direction of predictive economic indicators such as signals in estimate.

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Please note, there is a significant difference between American Independence's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Independence is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Independence's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	MKCPX	VEIPX	TMAFX	BRXCX	VTSAX	DHPYX	SSAQX	RMLPX	EIRRX
MKCPX		0.97	0.98	0.99	0.98	0.97	0.97	0.88	0.82	MKCPX
VEIPX	0.97		0.95	0.97	0.93	0.97	0.92	0.94	0.88	VEIPX
TMAFX	0.98	0.95		0.98	1.0	0.97	0.98	0.83	0.76	TMAFX
BRXCX	0.99	0.97	0.98		0.97	0.97	0.97	0.9	0.83	BRXCX
VTSAX	0.98	0.93	1.0	0.97		0.97	0.99	0.83	0.75	VTSAX
DHPYX	0.97	0.97	0.97	0.97	0.97		0.96	0.9	0.84	DHPYX
SSAQX	0.97	0.92	0.98	0.97	0.99	0.96		0.85	0.76	SSAQX
RMLPX	0.88	0.94	0.83	0.9	0.83	0.9	0.85		0.95	RMLPX
EIRRX	0.82	0.88	0.76	0.83	0.75	0.84	0.76	0.95		EIRRX
	MKCPX	VEIPX	TMAFX	BRXCX	VTSAX	DHPYX	SSAQX	RMLPX	EIRRX

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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
MKCPX	0.34	0.00	(0.04)	0.08	0.37	(0.40)	0.73	(0.64)	2.74
VEIPX	0.47	0.01	0.00	0.09	0.54	(0.50)	0.93	(1.17)	3.08
TMAFX	0.45	(0.02)	(0.05)	0.05	0.51	(0.48)	0.83	(1.04)	2.44
BRXCX	0.45	0.01	0.00	0.09	0.48	(0.51)	1.06	(0.98)	2.88
VTSAX	0.61	(0.02)	(0.01)	0.06	0.65	(0.64)	1.22	(1.26)	3.49
DHPYX	0.62	0.00	0.02	0.07	0.95	(0.62)	1.53	(1.14)	5.23
SSAQX	0.61	0.02	0.02	0.09	0.58	(0.73)	1.28	(1.20)	3.84
RMLPX	0.56	0.18	0.25	0.33	0.17	(0.69)	1.37	(1.10)	3.90
EIRRX	0.09	0.00	(0.43)	0.14	0.00	(0.12)	0.20	(0.20)	0.51

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American Independence Related Correlations

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