Intermediate Bond Correlations

Mutual Funds . USA . 
Fund . Intermediate Bond Fund
IBFFX Fund  USD 12.56  0.02  0.16%   
The current 90-days correlation between Intermediate Bond and Bond Fund Of is 0.94 (i.e., Almost no diversification). The correlation of Intermediate 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.

Intermediate Bond Correlation With Market

Average diversification

The correlation between Intermediate Bond Fund and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Bond Fund 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 Intermediate Bond Fund. 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 census.

Moving together with Intermediate Mutual Fund

  0.68AMECX Income FundPairCorr
  0.71RNCCX American Funds IncomePairCorr
  0.88FPPPX American Funds PresePairCorr
  0.68AMEFX Income FundPairCorr
  0.73AMHIX American High IncomePairCorr
  0.66TEBCX Tax Exempt BondPairCorr
  0.64TECCX Tax Exempt FundPairCorr
  0.73TEAFX Tax Exempt BondPairCorr
  0.72FPTPX American Funds ConsePairCorr
  0.7TECFX Tax Exempt FundPairCorr
  0.72TEFEX Tax Exempt FundPairCorr
  0.82RNRPX American Funds RetirementPairCorr
  0.87AMUSX Us Government SecuritiesPairCorr
  0.89TEPCX American Funds TaxPairCorr
  0.92TEPAX American Funds TaxPairCorr
  0.92TEPFX American Funds TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate 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 Intermediate 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.

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