Colorado Bondshares Correlations

Mutual Funds . USA . 
Fund . Colorado Bondshares A
HICOX Fund  USD 8.94  0.01  0.11%   
The current 90-days correlation between Colorado Bondshares and Federated Municipal Ultrashort is 0.08 (i.e., Significant diversification). The correlation of Colorado Bondshares 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.

Colorado Bondshares Correlation With Market

Average diversification

The correlation between Colorado Bondshares A 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 Colorado Bondshares A 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 Colorado Bondshares A. 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 persons.

Moving together with Colorado Mutual Fund

  0.8KYTFX Kentucky Tax FreePairCorr
  0.82HULYX Hawaiian Tax FreePairCorr
  0.81HULFX Hawaiian Tax FreePairCorr
  0.88ORTYX Aquila Tax FreePairCorr
  0.68UVAIX Usaa Virginia BondPairCorr
  0.68USVAX Virginia BondPairCorr
  0.85HULAX Hawaiian Tax FreePairCorr
  0.9BRUFX Bruce Fund BrucePairCorr
  0.69KF Korea ClosedPairCorr
  0.91GIOIX Guggenheim Macro OppPairCorr
  0.92EMBAX Unconstrained EmergingPairCorr
  0.77GF New Germany ClosedPairCorr
  0.78UTF Cohen And SteersPairCorr
  0.65SGDLX Sprott Gold EquityPairCorr
  0.82RMDUX American Funds MultiPairCorr
  0.76SAEMX Sa Emerging MarketsPairCorr
  0.83PSDNX Putnam Ultra ShortPairCorr
  0.87VSGDX Vanguard Short TermPairCorr
  0.91ABNOX Ab Bond InflationPairCorr
  0.85BISMX Brandes InternationalPairCorr
  0.85TIMUX Transamerica IntermediatePairCorr
  0.81HTD John Hancock TaxPairCorr
  0.68RXRPX American Funds RetirementPairCorr
  0.95VICSX Vanguard Intermediate-terPairCorr
  0.93USGDX Morgan Stanley GovernmentPairCorr
  0.95HRBDX Harbor Bond FundPairCorr
  0.82ARBOX Absolute ConvertiblePairCorr
  0.83DBIWX Dws Global MacroPairCorr
  0.82DLDFX Destinations Low DurationPairCorr

Moving against Colorado Mutual Fund

  0.47SPGSX State Street PremierPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Colorado Mutual Fund performing well and Colorado Bondshares 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 Colorado Bondshares' 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