The Bond Correlations

CFBNX Fund

USD 17.94 0.02 0.11%

The current 90-days correlation between Bond Fund and Franklin Adjustable Government is 0.17 (i.e., Average diversification). The correlation of The Bond 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.

The Bond Correlation With Market

Average diversification

The correlation between The Bond Fund 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 The Bond Fund 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 The Bond Fund. 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 board of governors.

Moving together with The Mutual Fund

0.86	KTXIX	Kansas Tax	Pair Corr
0.83	CFMOX	Missouri Tax	Pair Corr
0.89	CFNLX	National Tax	Pair Corr
0.94	CFSTX	Short Term	Pair Corr
0.95	VBTLX	Vanguard Total Bond	Pair Corr
0.95	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
1.0	VTBNX	Vanguard Total Bond	Pair Corr
1.0	FBOFX	American Funds	Pair Corr
1.0	FFBOX	American Funds	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
0.85	UGPIX	Ultrachina Profund	Pair Corr
0.85	UGPSX	Ultrachina Profund	Pair Corr
0.74	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.87	TRIGX	T Rowe Price	Pair Corr
0.85	LIFAX	Lord Abbett Inflation	Pair Corr
0.79	HFHCX	Hartford Floating	Pair Corr
0.89	GQJPX	Gqg Partners Interna	Pair Corr
0.95	BRAMX	Bats Series M	Pair Corr
0.87	FPPAX	Mfs Prudent Investor	Pair Corr
0.75	HSXIX	Hartford Schroders	Pair Corr
0.83	PNMCX	Prudential National Muni	Pair Corr
0.96	VMSIX	Vanguard Multi Sector	Pair Corr
0.77	TEDMX	Templeton Developing	Pair Corr
0.92	MFIRX	Ms Global Fixed	Pair Corr
0.88	DMFZX	Destinations Municipal	Pair Corr

Moving against The Mutual Fund

0.63	CFGRX	Growth Fund	Pair Corr
0.41	CFAGX	Midcap Growth	Pair Corr

Related Correlations Analysis

	FCSCX	ATOAX	RGVAX	BBINX	VSBIX	WMBDX	AUNTX
FCSCX		0.95	0.87	0.72	0.96	0.85	0.71	FCSCX
ATOAX	0.95		0.74	0.62	0.91	0.71	0.74	ATOAX
RGVAX	0.87	0.74		0.84	0.92	0.95	0.72	RGVAX
BBINX	0.72	0.62	0.84		0.7	0.92	0.82	BBINX
VSBIX	0.96	0.91	0.92	0.7		0.85	0.71	VSBIX
WMBDX	0.85	0.71	0.95	0.92	0.85		0.74	WMBDX
AUNTX	0.71	0.74	0.72	0.82	0.71	0.74		AUNTX
	FCSCX	ATOAX	RGVAX	BBINX	VSBIX	WMBDX	AUNTX

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Bond 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 The Bond'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
FCSCX	0.06	0.01	0.58	(0.52)	0.00	(0.19)	0.13	(0.13)	0.66
ATOAX	0.02	0.00	0.00	(0.07)	0.00	0.00	0.00	0.00	0.30
RGVAX	0.26	0.01	0.25	0.27	0.26	(0.31)	0.60	(0.43)	1.56
BBINX	0.14	(0.02)	0.00	0.88	0.00	0.00	0.29	(0.30)	0.78
VSBIX	0.07	0.01	0.96	4.86	0.00	(0.08)	0.16	(0.12)	0.33
WMBDX	0.25	0.00	0.22	(0.03)	0.26	(0.32)	0.63	(0.51)	1.43
AUNTX	0.12	(0.01)	0.00	(0.67)	0.00	0.00	0.28	(0.28)	0.76

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