Short Duration Correlations

ACSNX Fund

USD 9.77 0.02 0.20%

The current 90-days correlation between Short Duration and High Yield Fund Investor is 0.47 (i.e., Very weak diversification). The correlation of Short Duration 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.

Short Duration Correlation With Market

Significant diversification

The correlation between Short Duration Fund and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Duration Fund 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 Short Duration Fund. 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 board of governors.

Moving together with Short Mutual Fund

0.9	CDBCX	Diversified Bond	Pair Corr
0.89	TWACX	Short Term Government	Pair Corr
0.93	TWARX	Short Term Government	Pair Corr
0.92	TWAVX	Short Term Government	Pair Corr
0.75	TWGAX	International Growth	Pair Corr
0.75	TWIEX	International Growth	Pair Corr
0.78	TWTCX	Intermediate Term Tax	Pair Corr
0.75	TWTIX	Intermediate Term Tax	Pair Corr
0.94	TWUSX	Short Term Government	Pair Corr
0.93	TWUOX	Short Term Government	Pair Corr
0.77	TWWOX	Intermediate Term Tax	Pair Corr

Moving against Short Mutual Fund

0.34	AMEIX	Equity Growth	Pair Corr
0.31	TWCUX	Ultra Fund Investor	Pair Corr
0.31	TWUIX	Ultra Fund I	Pair Corr

Related Correlations Analysis

	ABHIX	APOIX	ACCNX	TWUSX
ABHIX		0.6	0.53	0.44	ABHIX
APOIX	0.6		0.66	0.57	APOIX
ACCNX	0.53	0.66		0.96	ACCNX
TWUSX	0.44	0.57	0.96		TWUSX
	ABHIX	APOIX	ACCNX	TWUSX

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Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Duration 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 Short Duration'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
ABHIX	0.12	(0.03)	(0.24)	0.20	(0.39)	0.98
APOIX	0.15	(0.06)	(0.69)	0.19	(0.29)	2.59
ACCNX	0.24	(0.07)	(2.55)	0.43	(0.65)	1.53
TWUSX	0.08	(0.02)	2.58	0.22	(0.11)	0.66

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