Bond Fund Correlations

ABNDX Fund

USD 11.34 0.01 0.09%

The current 90-days correlation between Bond Fund and Principal Real Estate is 0.19 (i.e., Average 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

Average diversification

The correlation between Bond Fund Of 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 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

0.72	AMECX	Income Fund	Pair Corr
0.69	RNCCX	American Funds Income	Pair Corr
0.95	FPPPX	American Funds Prese	Pair Corr
0.78	AMEFX	Income Fund	Pair Corr
0.84	AMHIX	American High Income	Pair Corr
0.73	TEBCX	Tax Exempt Bond	Pair Corr
0.67	TECCX	Tax Exempt Fund	Pair Corr
0.74	TEAFX	Tax Exempt Bond	Pair Corr
0.7	FPTPX	American Funds Conse	Pair Corr
0.72	TECFX	Tax Exempt Fund	Pair Corr
0.74	TEFEX	Tax Exempt Fund	Pair Corr
0.74	RNRPX	American Funds Retirement	Pair Corr
1.0	AMUSX	Us Government Securities	Pair Corr
0.89	TEPCX	American Funds Tax	Pair Corr
0.94	TEPAX	American Funds Tax	Pair Corr
0.94	TEPFX	American Funds Tax	Pair Corr

Moving against BOND Mutual Fund

0.33	RNGFX	New Economy Fund	Pair Corr
0.33	RNGHX	New Economy Fund	Pair Corr
0.33	RNGEX	New Economy Fund	Pair Corr
0.42	AMPFX	Amcap Fund Class	Pair Corr
0.4	AMPCX	Amcap Fund Class	Pair Corr
0.33	RNNEX	New Economy Fund	Pair Corr

Related Correlations Analysis

	XPGZX	CREFX	VGSIX	ZRPTUX	DFREX	NMMRF
XPGZX		0.81	0.88	0.61	0.89	0.59	XPGZX
CREFX	0.81		0.85	0.71	0.84	0.38	CREFX
VGSIX	0.88	0.85		0.66	0.99	0.31	VGSIX
ZRPTUX	0.61	0.71	0.66		0.66	0.17	ZRPTUX
DFREX	0.89	0.84	0.99	0.66		0.35	DFREX
NMMRF	0.59	0.38	0.31	0.17	0.35		NMMRF
	XPGZX	CREFX	VGSIX	ZRPTUX	DFREX	NMMRF

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
XPGZX	0.35	(0.03)	0.77	0.71	(0.85)	1.76
CREFX	0.89	0.03	(0.03)	1.59	(1.75)	4.82
VGSIX	0.90	(0.06)	0.15	1.73	(1.97)	4.57
ZRPTUX	0.08	(0.01)	(0.42)	0.15	(0.45)	0.98
DFREX	0.89	(0.06)	0.15	1.65	(1.87)	4.48
NMMRF	0.07	0.03	0.38	0.00	0.00	2.35

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