Limited Duration Correlations

AISTX Fund

USD 9.34 0.01 0.11%

The current 90-days correlation between Limited Duration and Small Pany Growth is 0.23 (i.e., Modest 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

Good diversification

The correlation between Limited Duration Fund and DJI is -0.15 (i.e., Good 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

0.8	APENX	Strategic Enhanced Yield	Pair Corr
0.99	APSTX	Limited Duration	Pair Corr
0.8	AAENX	Strategic Enhanced Yield	Pair Corr
0.7	AAUSX	Cavanal Hill Ultra	Pair Corr
0.83	AIENX	Strategic Enhanced Yield	Pair Corr
0.79	AIUSX	Cavanal Hillultra Short	Pair Corr
0.91	VBIRX	Vanguard Short Term	Pair Corr
0.85	VFSUX	Vanguard Short Term	Pair Corr
0.94	VFSIX	Vanguard Short Term	Pair Corr
0.99	VFSTX	Vanguard Short Term	Pair Corr
0.95	VBITX	Vanguard Short Term	Pair Corr
0.99	VBISX	Vanguard Short Term	Pair Corr
0.92	LALDX	Lord Abbett Short	Pair Corr
0.93	VSCSX	Vanguard Short Term	Pair Corr
0.84	LDLAX	Lord Abbett Short	Pair Corr
0.92	LDLRX	Lord Abbett Short	Pair Corr
0.68	EIGMX	Eaton Vance Global	Pair Corr
0.76	BEMCX	Brandes Emerging Markets	Pair Corr

Moving against Limited Mutual Fund

0.33

BIPIX

Biotechnology Ultrasector

Pair Corr

Related Correlations Analysis

	MSSGX	EIPIX	OLGCX	CIGYX	TRBCX	CDGCX	HNCAX
MSSGX		0.12	0.75	0.22	0.85	0.2	0.22	MSSGX
EIPIX	0.12		0.39	0.56	0.01	0.66	0.17	EIPIX
OLGCX	0.75	0.39		0.47	0.73	0.37	0.19	OLGCX
CIGYX	0.22	0.56	0.47		0.39	0.46	0.76	CIGYX
TRBCX	0.85	0.01	0.73	0.39		0.1	0.43	TRBCX
CDGCX	0.2	0.66	0.37	0.46	0.1		0.15	CDGCX
HNCAX	0.22	0.17	0.19	0.76	0.43	0.15		HNCAX
	MSSGX	EIPIX	OLGCX	CIGYX	TRBCX	CDGCX	HNCAX

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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
MSSGX	1.56	(0.17)	0.00	0.72	0.00	0.00	3.29	(3.26)	10.50
EIPIX	0.83	(0.07)	0.00	(0.22)	0.00	0.00	1.62	(1.72)	8.17
OLGCX	0.94	(0.01)	0.00	(0.11)	0.00	0.00	1.64	(2.06)	5.32
CIGYX	0.64	0.08	0.15	0.13	0.78	(0.68)	1.29	(1.28)	3.73
TRBCX	0.96	(0.06)	0.00	0.18	0.00	0.00	1.78	(2.66)	5.59
CDGCX	0.56	(0.04)	0.00	(0.15)	0.00	0.00	1.05	(1.59)	7.00
HNCAX	0.73	0.06	0.16	(0.42)	0.92	(0.75)	1.46	(1.58)	4.55

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