Bond Fund Correlations

Mutual Funds . USA . 
Fund . Bond Fund Of
ABNFX Fund  USD 11.35  0.01  0.09%   
The current 90-days correlation between Bond Fund and Vanguard Total Bond is -0.04 (i.e., Good 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

Good diversification

The correlation between Bond Fund Of and DJI is -0.08 (i.e., Good 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 census.

Moving together with Bond Mutual Fund

  0.94FPPPX American Funds PresePairCorr
  0.65TEBCX Tax Exempt BondPairCorr
  0.76TECCX Tax Exempt FundPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.67TECFX Tax Exempt FundPairCorr
  0.69TEFEX Tax Exempt FundPairCorr
  0.99AMUSX Us Government SecuritiesPairCorr
  0.71TEPCX American Funds TaxPairCorr
  0.69TEPAX American Funds TaxPairCorr
  0.62TEPFX American Funds TaxPairCorr

Moving against Bond Mutual Fund

  0.62RNGGX New Economy FundPairCorr
  0.62RNGHX New Economy FundPairCorr
  0.61RNGFX New Economy FundPairCorr
  0.61RNGAX New Economy FundPairCorr
  0.61RNGEX New Economy FundPairCorr
  0.61RNNEX New Economy FundPairCorr
  0.6RNGBX New Economy FundPairCorr
  0.6RNGCX New Economy FundPairCorr
  0.53AMPFX Amcap Fund ClassPairCorr
  0.52AMPCX Amcap Fund ClassPairCorr
  0.48AMFFX American MutualPairCorr
  0.47AMFCX American MutualPairCorr
  0.44CDJAX American Funds CollegePairCorr
  0.4AMECX Income FundPairCorr
  0.4AMEFX Income FundPairCorr
  0.35RNPCX New PerspectivePairCorr
  0.34RNPAX New PerspectivePairCorr
  0.31RNPHX New PerspectivePairCorr
  0.31RNPGX New PerspectivePairCorr
  0.31RNPFX New PerspectivePairCorr
  0.64ANCFX American Funds FundaPairCorr
  0.6ANFCX New Economy FundPairCorr
  0.6ANFFX New Economy FundPairCorr
  0.49AMRFX American MutualPairCorr
  0.47AMRMX American MutualPairCorr
  0.36RNPEX New PerspectivePairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VBTLX  0.22 (0.04) 0.00 (0.46) 0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VBMFX  0.22 (0.03) 0.00  1.16  0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VBTIX  0.22 (0.03) 0.00  1.14  0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VTBSX  0.22 (0.03) 0.00  1.16  0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VTBIX  0.23 (0.03) 0.00  0.83  0.00 
 0.00 
 0.42 
(0.53)
 1.27 
VTBNX  0.23 (0.03) 0.00  0.76  0.00 
 0.00 
 0.53 
(0.53)
 1.27 
BFAFX  0.22 (0.04) 0.00  1.20  0.00 
 0.00 
 0.35 
(0.53)
 1.25 
ABNDX  0.22 (0.04) 0.00  1.20  0.00 
 0.00 
 0.35 
(0.53)
 1.25 
BFACX  0.22 (0.04) 0.00  1.34  0.00 
 0.00 
 0.35 
(0.53)
 1.25 
FFBOX  0.22 (0.05) 0.00 (0.46) 0.00 
 0.00 
 0.35 
(0.53)
 1.25 

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