Limited Duration Correlations

AISTX Fund

USD 9.34 0.01 0.11%

The current 90-days correlation between Limited Duration and Barings Global Floating is 0.4 (i.e., Very weak diversification). The correlation of Limited 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.

Limited Duration Correlation With Market

Significant diversification

The correlation between Limited 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 Limited 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 Limited 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 estimate.

Moving together with Limited Mutual Fund

0.96	APBDX	Bond Fund Investor	Pair Corr
0.96	APENX	Strategic Enhanced Yield	Pair Corr
1.0	APSTX	Limited Duration	Pair Corr
0.91	APUSX	Cavanal Hill Ultra	Pair Corr
0.96	AABOX	Bond Fund Class	Pair Corr
0.96	AAENX	Strategic Enhanced Yield	Pair Corr
1.0	AASTX	Limited Duration	Pair Corr
0.9	AAUSX	Cavanal Hill Ultra	Pair Corr
0.97	AIBNX	Bond Fund Institutional	Pair Corr
0.96	AIENX	Strategic Enhanced Yield	Pair Corr
0.92	AIUSX	Cavanal Hillultra Short	Pair Corr
0.98	VBIRX	Vanguard Short Term	Pair Corr
0.95	VFSUX	Vanguard Short Term	Pair Corr
0.99	VFSIX	Vanguard Short Term	Pair Corr
0.99	VFSTX	Vanguard Short Term	Pair Corr
1.0	VBITX	Vanguard Short Term	Pair Corr
1.0	VBISX	Vanguard Short Term	Pair Corr
0.97	LALDX	Lord Abbett Short	Pair Corr
0.99	VSCSX	Vanguard Short Term	Pair Corr
0.96	LDLAX	Lord Abbett Short	Pair Corr
0.97	LDLRX	Lord Abbett Short	Pair Corr
0.85	GAAKX	Gmo Alternative Allo	Pair Corr
0.85	GAAGX	Gmo Alternative Allo	Pair Corr
0.97	GPBFX	Gmo E Plus	Pair Corr
0.78	WARCX	Wells Fargo Advantage	Pair Corr
0.98	MFAAX	American Funds Mortgage	Pair Corr

Moving against Limited Mutual Fund

0.53	ACWEX	World Energy	Pair Corr
0.52	APWEX	World Energy	Pair Corr
0.52	AAWEX	World Energy	Pair Corr
0.52	AIWEX	World Energy	Pair Corr
0.51	APLIX	Cavanal Hill Hedged	Pair Corr
0.51	AALIX	Astonherndon Large Cap	Pair Corr
0.5	AILIX	Cavanal Hill Hedged	Pair Corr
0.9	PQTAX	Pimco Trends Managed	Pair Corr
0.89	PQTNX	Pimco Trends Managed	Pair Corr
0.89	PQTIX	Aa Pimco Tr	Pair Corr
0.87	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	BXFIX	DBIWX	BCGDX	DHGCX	GWOAX	LFLCX	ANAGX	MGKAX
BXFIX		0.73	0.6	0.58	0.69	0.72	0.69	0.57	BXFIX
DBIWX	0.73		0.92	0.8	0.96	0.94	0.85	0.74	DBIWX
BCGDX	0.6	0.92		0.66	0.95	0.8	0.68	0.81	BCGDX
DHGCX	0.58	0.8	0.66		0.68	0.87	0.97	0.51	DHGCX
GWOAX	0.69	0.96	0.95	0.68		0.86	0.72	0.76	GWOAX
LFLCX	0.72	0.94	0.8	0.87	0.86		0.92	0.61	LFLCX
ANAGX	0.69	0.85	0.68	0.97	0.72	0.92		0.53	ANAGX
MGKAX	0.57	0.74	0.81	0.51	0.76	0.61	0.53		MGKAX
	BXFIX	DBIWX	BCGDX	DHGCX	GWOAX	LFLCX	ANAGX	MGKAX

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Risk-Adjusted Indicators

There is a big difference between Limited Mutual Fund performing well and Limited 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 Limited 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXFIX	0.08	(0.01)	0.42	(0.32)	0.06	(0.28)	0.23	(0.12)	0.93
DBIWX	0.26	0.03	0.19	0.07	0.32	(0.28)	0.48	(0.58)	1.77
BCGDX	0.64	0.05	0.08	0.02	0.93	(0.66)	1.28	(1.27)	3.69
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
GWOAX	0.61	0.07	0.11	0.04	0.80	(0.61)	1.29	(1.14)	3.92
LFLCX	0.18	0.01	0.31	0.08	0.15	(0.21)	0.43	(0.33)	0.98
ANAGX	0.18	0.00	0.22	(0.03)	0.19	(0.27)	0.44	(0.44)	1.46
MGKAX	1.04	(0.14)	0.00	(0.24)	0.00	0.00	1.57	(2.37)	14.60

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