Cf Tips Correlations

IBTCX Fund

USD 10.42 0.02 0.19%

The current 90-days correlation between Cf Tips Bd and Versatile Bond Portfolio is 0.54 (i.e., Very weak diversification). The correlation of Cf Tips 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.

Cf Tips Correlation With Market

Significant diversification

The correlation between Cf Tips Bd and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cf Tips Bd 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 Cf Tips Bd. 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 main economic indicators.

Moving together with IBTCX Mutual Fund

0.94	VGTSX	Vanguard Total Inter	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.84	NHS	Neuberger Berman High	Pair Corr

Moving against IBTCX Mutual Fund

0.87	UXPIX	Ultrashort International	Pair Corr
0.83	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.69	BURGX	Vest Large Cap	Pair Corr
0.6	RUSIX	Rbc Ultra Short	Pair Corr
0.54	HFLYX	Hartford Floating	Pair Corr
0.51	CFRFX	Catalyst/cifc Floating	Pair Corr
0.51	VIGAX	Vanguard Growth Index	Pair Corr
0.46	PGTIX	T Rowe Price	Pair Corr
0.45	CGTUX	Columbia Global Tech	Pair Corr
0.44	WCPIX	Mobile Telecommunicatio	Pair Corr
0.39	RLSIX	Riverpark Long/short	Pair Corr
0.33	FCNKX	Fidelity Trafund Class	Pair Corr
0.33	WEICX	Teton Vertible Securities	Pair Corr
0.75	SRDAX	Stone Ridge Diversified	Pair Corr
0.71	ATGCX	Aquila Three Peaks	Pair Corr
0.64	BIVSX	Balter Invenomic	Pair Corr
0.58	PYLMX	Payden Limited Maturity	Pair Corr
0.58	PFLLX	Putnam Floating Rate	Pair Corr
0.58	FBGRX	Fidelity Blue Chip	Pair Corr
0.58	DHEIX	Diamond Hill Short	Pair Corr
0.57	FSPGX	Fidelity Large Cap	Pair Corr
0.57	BITW	Bitwise 10 Crypto	Pair Corr

Related Correlations Analysis

	PRVBX	LMUSX	DFVEX	LAVVX	LIOTX	RETSX	PRNHX
PRVBX		0.33	0.39	0.36	0.3	0.34	0.34	PRVBX
LMUSX	0.33		0.89	0.92	0.9	0.91	0.87	LMUSX
DFVEX	0.39	0.89		0.94	0.83	0.93	0.96	DFVEX
LAVVX	0.36	0.92	0.94		0.85	0.87	0.9	LAVVX
LIOTX	0.3	0.9	0.83	0.85		0.84	0.83	LIOTX
RETSX	0.34	0.91	0.93	0.87	0.84		0.89	RETSX
PRNHX	0.34	0.87	0.96	0.9	0.83	0.89		PRNHX
	PRVBX	LMUSX	DFVEX	LAVVX	LIOTX	RETSX	PRNHX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between IBTCX Mutual Fund performing well and Cf Tips 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 Cf Tips' 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
PRVBX	0.09	(0.01)	(0.24)	(0.54)	0.10	(0.11)	0.17	(0.20)	0.50
LMUSX	0.70	0.03	0.01	0.58	1.14	(0.67)	1.23	(1.49)	6.37
DFVEX	0.59	0.01	(0.01)	0.05	0.76	(0.67)	1.06	(0.97)	7.30
LAVVX	0.53	0.03	0.02	0.36	0.60	(0.64)	1.18	(0.78)	5.94
LIOTX	0.83	0.03	0.01	0.60	1.22	(0.85)	1.46	(1.97)	6.56
RETSX	0.54	0.02	0.01	0.11	0.77	(0.56)	1.03	(1.02)	5.40
PRNHX	0.82	0.02	0.01	0.06	1.15	(0.86)	1.67	(1.34)	7.56

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