Bond Fund Correlations

Mutual Funds . USA . 
Fund . Bond Fund Of
CFACX Fund  USD 11.13  0.01  0.09%   
The current 90-days correlation between Bond Fund and Columbia Moderate Growth is 0.16 (i.e., Average 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

Average diversification

The correlation between Bond Fund Of and DJI is 0.11 (i.e., Average 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bond Fund Of. 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 main economic indicators.

Moving together with Bond Mutual Fund

  0.67VBTLX Vanguard Total BondPairCorr
  0.91VBMFX Vanguard Total BondPairCorr
  0.91VBTIX Vanguard Total BondPairCorr
  0.91VTBSX Vanguard Total BondPairCorr
  0.91VTBIX Vanguard Total BondPairCorr
  0.91VTBNX Vanguard Total BondPairCorr
  0.9BFAFX Bond FundPairCorr
  0.9ABNDX Bond FundPairCorr
  0.91BFACX Bond FundPairCorr
  0.9FFBOX American FundsPairCorr
  0.72GSWPX Goldman Sachs SmallmidPairCorr
  0.71ARTNX Artisan Select EquityPairCorr
  0.67LTMIX Thornburg Limited TermPairCorr
  0.7JRODX J Hancock IiPairCorr

Related Correlations Analysis

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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.

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