Low-duration Bond Correlations

GLDYX Fund  USD 12.89  0.01  0.08%   
The current 90-days correlation between Low Duration Bond and Sprott Gold Equity is -0.05 (i.e., Good diversification). The correlation of Low-duration 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.

Low-duration Bond Correlation With Market

Significant diversification

The correlation between Low Duration Bond Institutiona and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Low Duration Bond Institutiona and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Low Duration Bond Institutional. 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 manufacturing.

Moving together with Low-duration Mutual Fund

  0.71GEMYX Emerging Markets EquityPairCorr
  0.7GEMZX Emerging Markets EquityPairCorr
  0.69GFIZX Conservative AllocationPairCorr
  0.81GFSYX Strategic AlternativesPairCorr
  0.81GFSZX Strategic AlternativesPairCorr
  0.93GGBEX Global Bond FundPairCorr
  0.93GGBFX Global Bond FundPairCorr
  0.93GIEYX International EquityPairCorr
  0.93GIEZX International EquityPairCorr
  0.94GIIYX International EquityPairCorr
  0.93GIIZX Guidestone Funds IntPairCorr
  1.0GLDZX Low Duration BondPairCorr
  0.95GMDYX Medium Duration BondPairCorr
  0.95GMDZX Medium Duration BondPairCorr
  0.95GMBYX Guidestone FundsPairCorr
  0.95GMBZX Guidestone FundsPairCorr

Moving against Low-duration Mutual Fund

  0.72GEIYX Guidestone Growth EquityPairCorr
  0.72GEIZX Guidestone Growth EquityPairCorr
  0.7GGEZX Growth Equity Investor Steady GrowthPairCorr
  0.69GGEYX Guidestone Fds GrowthPairCorr
  0.52GEQZX Equity Index InvestorPairCorr
  0.51GEQYX Equity Index InstituPairCorr
  0.35GDMZX Defensive Market StrPairCorr
  0.34GDMYX Defensive Market StrPairCorr
  0.68GSCZX Small Cap EquityPairCorr
  0.66GSCYX Small Cap EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Low-duration Mutual Fund performing well and Low-duration 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 Low-duration 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.