Bond Fund Correlations

Mutual Funds USA . 
Fund . Bond Fund Of
CFAEX Fund  USD 11.13  0.01  0.09%   
The current 90-days correlation between Bond Fund and Tax Managed Large Cap is 0.19 (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.
  
Check out Trending Equities to better understand how to build diversified portfolios. 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 income.

Moving together with Bond Mutual Fund

  0.91VBTLX 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
  0.7ARTNX Artisan Select EquityPairCorr
  0.68LTMIX Thornburg Limited TermPairCorr
  0.7JRODX J Hancock IiPairCorr

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   
FCLKX
+ 0.95
RETSX
LMTIX
+ 0.95
RETSX
NQCAX
+ 0.95
DOXGX
LMTIX
+ 0.92
FCLKX
DOXGX
+ 0.79
FCLKX
DOXGX
+ 0.76
LMTIX
  
High negative correlations   
LGPIX
- 0.26
NQCAX
LGPIX
- 0.16
DOXGX

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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