The Fixed Correlations
| HCHYX Fund | USD 7.30 0.03 0.41% |
The current 90-days correlation between Fixed Income and Inflation Adjusted Bond Fund is 0.03 (i.e., Significant diversification). The correlation of The Fixed 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 Fixed Correlation With Market
Very weak diversification
The correlation between The Fixed Income and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Fixed Income and DJI in the same portfolio, assuming nothing else is changed.
The |
Moving together with The Mutual Fund
| 0.76 | PDSYX | Principal Diversified | PairCorr |
| 0.8 | FCFWX | American Funds Retirement | PairCorr |
| 0.74 | DD | Dupont De Nemours | PairCorr |
Moving against The Mutual Fund
Related Correlations Analysis
| 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | AINGX | ||
| 0.97 | 0.99 | 0.99 | 1.0 | 1.0 | 0.99 | FLIBX | ||
| 0.97 | 0.99 | 1.0 | 0.99 | 0.99 | 1.0 | ABNYX | ||
| 0.97 | 0.99 | 1.0 | 0.99 | 0.99 | 1.0 | QCILRX | ||
| 0.97 | 1.0 | 0.99 | 0.99 | 1.0 | 0.99 | NWXNX | ||
| 0.97 | 1.0 | 0.99 | 0.99 | 1.0 | 0.99 | LIPNX | ||
| 0.97 | 0.99 | 1.0 | 1.0 | 0.99 | 0.99 | TIIHX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between The Mutual Fund performing well and The Fixed 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 Fixed'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AINGX | 0.21 | 0.01 | 0.30 | (0.26) | 0.17 | 0.47 | 1.24 | |||
| FLIBX | 0.22 | 0.03 | 0.31 | 0.57 | 0.17 | 0.44 | 1.43 | |||
| ABNYX | 0.16 | 0.02 | 0.42 | 1.27 | 0.03 | 0.38 | 0.86 | |||
| QCILRX | 0.15 | 0.02 | 0.45 | 1.41 | 0.04 | 0.32 | 0.94 | |||
| NWXNX | 0.22 | 0.02 | 0.32 | 1.03 | 0.15 | 0.45 | 1.24 | |||
| LIPNX | 0.22 | 0.02 | 0.31 | 0.56 | 0.18 | 0.42 | 1.25 | |||
| TIIHX | 0.16 | 0.02 | 0.42 | 1.11 | 0.04 | 0.37 | 1.04 |