Total Return Correlations
| BNDAX Fund | USD 9.57 0.01 0.10% |
The current 90-days correlation between Total Return Bond and Total Return Bond is 0.79 (i.e., Poor diversification). The correlation of Total Return 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.
Total Return Correlation With Market
Modest diversification
The correlation between Total Return Bond and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Return Bond and DJI in the same portfolio, assuming nothing else is changed.
Total |
Moving together with Total Mutual Fund
| 1.0 | FLBDX | Total Return Bond | PairCorr |
| 1.0 | BNDIX | Total Return Bond | PairCorr |
| 0.98 | BSIKX | Blackrock Strategic | PairCorr |
| 0.97 | BSICX | Blackrock Strategic Opps | PairCorr |
| 0.98 | BASIX | Blackrock Strategic Opps | PairCorr |
| 0.98 | BSIIX | Blackrock Strategic | PairCorr |
| 0.9 | JSORX | Jpmorgan Strategic Income | PairCorr |
| 0.9 | JSOZX | Jpmorgan Strategic Income | PairCorr |
| 0.87 | JSOCX | Jpmorgan Strategic Income | PairCorr |
| 0.9 | JSOSX | Jpmorgan Strategic Income | PairCorr |
| 0.88 | JSOAX | Jpmorgan Strategic Income | PairCorr |
| 0.95 | PMZCX | Pimco Mortgage Oppor | PairCorr |
Moving against Total Mutual Fund
| 0.33 | FLSPX | Spectrum Fund Retail | PairCorr |
| 0.32 | SRUAX | Spectrum Fund Adviser | PairCorr |
| 0.32 | SRUIX | Spectrum Fund Instit | PairCorr |
| 0.79 | SMPIX | Semiconductor Ultrasector | PairCorr |
| 0.79 | SMPSX | Semiconductor Ultrasector | PairCorr |
Related Correlations Analysis
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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 Total Mutual Fund performing well and Total Return 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 Total Return'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MBFAX | 0.23 | 0.02 | 0.28 | 0.38 | 0.21 | 0.62 | 1.36 | |||
| MBFBX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MBFCX | 0.24 | 0.02 | 0.27 | 0.29 | 0.22 | 0.54 | 1.28 | |||
| MBFIX | 0.24 | 0.02 | 0.28 | 0.52 | 0.20 | 0.55 | 1.39 | |||
| USTRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GETIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GETTX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UTSTX | 0.82 | (0.05) | 0.00 | (0.12) | 0.00 | 1.56 | 4.66 | |||
| JITRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |