Medium-duration Bond Correlations

Mutual Funds . USA . 
Fund . Medium Duration Bond Investor
GMDZX Fund  USD 12.77  0.04  0.31%   
The current 90-days correlation between Medium Duration Bond and Value Equity Investor is 0.18 (i.e., Average diversification). The correlation of Medium-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.

Medium-duration Bond Correlation With Market

Modest diversification

The correlation between Medium Duration Bond Investor and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medium Duration Bond Investor 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 Medium Duration Bond Investor. 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 nation.

Moving together with Medium-duration Mutual Fund

  0.71GCOZX Growth AllocationPairCorr
  0.61GVEZX Value Equity InvestorPairCorr
  0.66GEMYX Emerging Markets EquityPairCorr
  0.61GEMZX Emerging Markets EquityPairCorr
  0.85GFIZX Conservative AllocationPairCorr
  0.75GFSZX Strategic AlternativesPairCorr
  0.67GGBZX Aggressive AllocationPairCorr
  0.94GGBEX Global Bond FundPairCorr
  0.98GGBFX Global Bond FundPairCorr
  0.8GGIZX Balanced AllocationPairCorr
  0.68GGRYX Growth AllocationPairCorr
  0.8GIEYX International EquityPairCorr
  0.82GIEZX International EquityPairCorr
  0.79GIIYX International EquityPairCorr
  0.94GMDYX Medium Duration BondPairCorr
  1.0GMBYX Guidestone FundsPairCorr
  0.95GMBZX Guidestone FundsPairCorr
  0.79GMEYX Guidestone Funds ImpactPairCorr
  0.66GMEZX Guidestone Funds ImpactPairCorr
  0.69GMHYX Mydestination 2035PairCorr
  0.71GMHZX Mydestination 2035PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
GIEZX
+ 0.85
GVEZX
GGEZX
+ 0.75
GVEZX
GEQZX
+ 0.65
GVEZX
GEQZX
+ 0.64
GGEZX
GEQZX
+ 0.5
GIEZX
GIEZX
+ 0.41
GGEZX
  
High negative correlations   
GLDZX
- 0.03
GGEZX

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY