Bond Fund Correlations
| BFFAX Fund | USD 11.24 0.05 0.44% |
The current 90-days correlation between Bond Fund and American High Income is 0.47 (i.e., Very weak 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
Modest diversification
The correlation between Bond Fund Of and DJI is 0.21 (i.e., Modest 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.
Bond |
Moving together with Bond Mutual Fund
| 0.95 | FPPPX | American Funds Prese | PairCorr |
| 0.7 | TECCX | Tax Exempt Fund | PairCorr |
| 0.64 | TEFEX | Tax Exempt Fund | PairCorr |
| 0.97 | AMUSX | Us Government Securities | PairCorr |
| 0.76 | TEPCX | American Funds Tax | PairCorr |
| 0.67 | TEPAX | American Funds Tax | PairCorr |
| 0.67 | TEPFX | American Funds Tax | PairCorr |
Moving against Bond Mutual Fund
| 0.59 | RNGGX | New Economy Fund | PairCorr |
| 0.59 | RNGHX | New Economy Fund | PairCorr |
| 0.59 | RNGAX | New Economy Fund | PairCorr |
| 0.59 | RNNEX | New Economy Fund | PairCorr |
| 0.52 | RNGFX | New Economy Fund | PairCorr |
| 0.51 | RNGEX | New Economy Fund | PairCorr |
| 0.51 | RNGCX | New Economy Fund | PairCorr |
| 0.49 | RNGBX | New Economy Fund | PairCorr |
| 0.47 | AMPFX | Amcap Fund Class | PairCorr |
| 0.46 | AMPCX | Amcap Fund Class | PairCorr |
| 0.36 | AMFFX | American Mutual | PairCorr |
| 0.36 | CDJAX | American Funds College | PairCorr |
| 0.33 | AMFCX | American Mutual Downward Rally | PairCorr |
| 0.63 | ANCFX | American Funds Funda | PairCorr |
| 0.52 | ANFFX | New Economy Fund | PairCorr |
| 0.48 | ANFCX | New Economy Fund | PairCorr |
Related Correlations Analysis
| -0.2 | -0.46 | 0.82 | -0.31 | AHTFX | ||
| -0.2 | 0.75 | -0.38 | 0.72 | AEGFX | ||
| -0.46 | 0.75 | -0.75 | 0.98 | WBFFX | ||
| 0.82 | -0.38 | -0.75 | -0.64 | GFAFX | ||
| -0.31 | 0.72 | 0.98 | -0.64 | IBFFX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AHTFX | 0.12 | 0.01 | (0.28) | 0.42 | 0.00 | 0.31 | 0.82 | |||
| AEGFX | 0.54 | (0.04) | 0.00 | (0.06) | 0.00 | 1.10 | 4.03 | |||
| WBFFX | 0.25 | (0.08) | 0.00 | 1.62 | 0.00 | 0.44 | 1.49 | |||
| GFAFX | 0.60 | 0.12 | 0.14 | 0.20 | 0.58 | 1.34 | 4.42 | |||
| IBFFX | 0.15 | (0.04) | 0.00 | 3.23 | 0.00 | 0.24 | 0.95 |