Total Return Correlations

BNDIX Fund

USD 9.56 0.02 0.21%

The current 90-days correlation between Total Return Bond and Aqr Small Cap is 0.37 (i.e., Weak 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

Weak diversification

The correlation between Total Return Bond and DJI is 0.3 (i.e., Weak 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Total Return Bond. 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 gross domestic product.

Moving together with Total Mutual Fund

0.61	IFAAX	Infrastructure Fund	Pair Corr
0.61	IFAIX	Infrastructure Fund	Pair Corr
1.0	FLBDX	Total Return Bond	Pair Corr
1.0	BNDAX	Total Return Bond	Pair Corr
0.98	BSIKX	Blackrock Strategic	Pair Corr
0.97	BSICX	Blackrock Strategic Opps	Pair Corr
0.98	BASIX	Blackrock Strategic Opps	Pair Corr
0.98	BSIIX	Blackrock Strategic	Pair Corr
0.89	JSORX	Jpmorgan Strategic Income	Pair Corr
0.9	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.87	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.9	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.88	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.95	PMZCX	Pimco Mortgage Oppor	Pair Corr

Moving against Total Mutual Fund

0.32	SRUAX	Spectrum Fund Adviser	Pair Corr
0.32	SRUIX	Spectrum Fund Instit	Pair Corr
0.32	FLSPX	Spectrum Fund Retail	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector	Pair Corr
0.78	SMPIX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	QSERX	LMBMX	MSSGX	OWSMX
QSERX		0.94	0.85	0.8	QSERX
LMBMX	0.94		0.95	0.76	LMBMX
MSSGX	0.85	0.95		0.7	MSSGX
OWSMX	0.8	0.76	0.7		OWSMX
	QSERX	LMBMX	MSSGX	OWSMX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
QSERX	1.15	(0.23)	(0.21)	1.83	(2.52)	12.07
LMBMX	1.05	(0.16)	(0.20)	1.96	(2.70)	5.60
MSSGX	1.79	(0.09)	(0.14)	3.70	(3.91)	10.50
OWSMX	0.67	(0.06)	(0.17)	1.19	(1.37)	3.89

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC