Bond Fund Correlations

Mutual Funds . USA . 
Fund . Bond Fund Of
ABNDX Fund  USD 11.34  0.02  0.18%   
The current 90-days correlation between Bond Fund and American Mutual Fund is 0.27 (i.e., Modest diversification). The correlation of Bond 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.

Bond Fund Correlation With Market

Modest diversification

The correlation between Bond Fund Of and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bond Fund Of and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bond Fund Of. 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 unemployment.

Moving together with BOND Mutual Fund

  0.81AMECX Income FundPairCorr
  0.74RNEBX New World FundPairCorr
  0.86AMFCX American MutualPairCorr
  0.86AMFFX American MutualPairCorr
  0.79RNCCX American Funds IncomePairCorr
  0.82AMEFX Income FundPairCorr
  0.66RNGGX New Economy FundPairCorr
  0.65RNGFX New Economy FundPairCorr
  0.65RNGHX New Economy FundPairCorr
  0.71RNGBX New Economy FundPairCorr
  0.65RNGAX New Economy FundPairCorr
  0.65RNGEX New Economy FundPairCorr
  0.65RNGCX New Economy FundPairCorr
  0.87AMHIX American High IncomePairCorr
  0.85TEBCX Tax Exempt BondPairCorr
  0.83TECCX Tax Exempt FundPairCorr
  0.86TEAFX Tax Exempt BondPairCorr
  0.7FPTPX American Funds ConsePairCorr
  0.84TECFX Tax Exempt FundPairCorr
  0.84TEFEX Tax Exempt FundPairCorr
  0.71RNNEX New Economy FundPairCorr
  0.63CDJAX American Funds CollegePairCorr
  0.64AMPCX Amcap Fund ClassPairCorr
  0.7AMPFX Amcap Fund ClassPairCorr
  0.75RNPBX New PerspectivePairCorr
  0.75RNPAX New PerspectivePairCorr
  0.67RNPHX New PerspectivePairCorr
  0.67RNPGX New PerspectivePairCorr
  0.76RNPCX New PerspectivePairCorr
  0.67RNPFX New PerspectivePairCorr
  0.75RNPEX New PerspectivePairCorr
  0.84AMRMX American MutualPairCorr
  0.84AMRFX American MutualPairCorr
  0.62RNRPX American Funds RetirementPairCorr
  0.93AMUSX Us Government SecuritiesPairCorr
  0.85TEPCX American Funds TaxPairCorr
  0.8TEPAX American Funds TaxPairCorr
  0.79TEPFX American Funds TaxPairCorr
  0.81RNWFX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between BOND Mutual Fund performing well and Bond 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 Bond 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.

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