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.
Low-duration |
Moving together with Low-duration Mutual Fund
0.71 | GEMYX | Emerging Markets Equity | PairCorr |
0.7 | GEMZX | Emerging Markets Equity | PairCorr |
0.69 | GFIZX | Conservative Allocation | PairCorr |
0.81 | GFSYX | Strategic Alternatives | PairCorr |
0.81 | GFSZX | Strategic Alternatives | PairCorr |
0.93 | GGBEX | Global Bond Fund | PairCorr |
0.93 | GGBFX | Global Bond Fund | PairCorr |
0.93 | GIEYX | International Equity | PairCorr |
0.93 | GIEZX | International Equity | PairCorr |
0.94 | GIIYX | International Equity | PairCorr |
0.93 | GIIZX | Guidestone Funds Int | PairCorr |
1.0 | GLDZX | Low Duration Bond | PairCorr |
0.95 | GMDYX | Medium Duration Bond | PairCorr |
0.95 | GMDZX | Medium Duration Bond | PairCorr |
0.95 | GMBYX | Guidestone Funds | PairCorr |
0.95 | GMBZX | Guidestone Funds | PairCorr |
Moving against Low-duration Mutual Fund
0.72 | GEIYX | Guidestone Growth Equity | PairCorr |
0.72 | GEIZX | Guidestone Growth Equity | PairCorr |
0.7 | GGEZX | Growth Equity Investor Steady Growth | PairCorr |
0.69 | GGEYX | Guidestone Fds Growth | PairCorr |
0.52 | GEQZX | Equity Index Investor | PairCorr |
0.51 | GEQYX | Equity Index Institu | PairCorr |
0.35 | GDMZX | Defensive Market Str | PairCorr |
0.34 | GDMYX | Defensive Market Str | PairCorr |
0.68 | GSCZX | Small Cap Equity | PairCorr |
0.66 | GSCYX | Small Cap Equity | PairCorr |
Related Correlations Analysis
0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | SGDLX | ||
0.97 | 1.0 | 0.97 | 1.0 | 1.0 | 0.95 | AGYCX | ||
0.97 | 1.0 | 0.98 | 1.0 | 1.0 | 0.95 | UIPMX | ||
0.97 | 0.97 | 0.98 | 0.98 | 0.97 | 0.96 | QGLDX | ||
0.97 | 1.0 | 1.0 | 0.98 | 1.0 | 0.94 | FGDIX | ||
0.97 | 1.0 | 1.0 | 0.97 | 1.0 | 0.94 | FRGOX | ||
0.97 | 0.95 | 0.95 | 0.96 | 0.94 | 0.94 | XGGNX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SGDLX | 1.24 | 0.27 | 0.16 | (2.42) | 1.37 | 3.01 | 7.21 | |||
AGYCX | 1.20 | 0.42 | 0.28 | 0.88 | 1.08 | 2.74 | 7.30 | |||
UIPMX | 1.11 | 0.43 | 0.31 | 1.33 | 0.91 | 2.90 | 7.10 | |||
QGLDX | 0.72 | 0.19 | 0.21 | 7.35 | 0.68 | 1.71 | 3.97 | |||
FGDIX | 1.19 | 0.41 | 0.28 | 0.89 | 1.05 | 3.15 | 6.82 | |||
FRGOX | 1.17 | 0.48 | 0.34 | 0.87 | 0.85 | 3.38 | 6.89 | |||
XGGNX | 0.59 | 0.14 | 0.15 | (2.99) | 0.67 | 1.44 | 3.21 |