Inflation Protected Correlations

IPBAX Fund

USD 10.20 0.01 0.1%

The current 90-days correlation between Inflation Protected and Morningstar Global Income is 0.01 (i.e., Significant diversification). The correlation of Inflation Protected 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.

Inflation Protected Correlation With Market

Poor diversification

The correlation between Inflation Protected Bond Fund and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inflation Protected 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 Inflation Protected 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 nation.

Moving together with Inflation Mutual Fund

0.65	VMPYX	Wells Fargo Advantage	Pair Corr
0.67	VMPAX	Wells Fargo Advantage	Pair Corr
0.82	WABIX	Wells Fargo Advantage	Pair Corr
0.63	SSTHX	Wells Fargo Short	Pair Corr
0.83	WARAX	Wells Fargo Advantage	Pair Corr
0.72	WARDX	Wells Fargo Advantage	Pair Corr
0.84	WARCX	Wells Fargo Advantage	Pair Corr
0.63	WSIAX	Wells Fargo Strategic	Pair Corr
0.64	WSIDX	Wells Fargo Strategic	Pair Corr
0.65	WSICX	Wells Fargo Strategic	Pair Corr
0.63	WSINX	Wells Fargo Strategic	Pair Corr
0.63	WSSCX	Short Term Municipal	Pair Corr
0.68	STRIX	Wells Fargo Advantage	Pair Corr
0.61	STYIX	Wells Fargo Short	Pair Corr
0.67	SCTCX	California Tax Free	Pair Corr

Related Correlations Analysis

	MSTGX	ARECX	TADGX	CABIX	LFLCX	GMLVX	LMLRX	SGICX
MSTGX		0.73	0.52	0.63	0.98	0.81	0.48	0.12	MSTGX
ARECX	0.73		0.84	0.89	0.73	0.68	0.83	0.56	ARECX
TADGX	0.52	0.84		0.94	0.49	0.48	0.97	0.88	TADGX
CABIX	0.63	0.89	0.94		0.6	0.65	0.96	0.78	CABIX
LFLCX	0.98	0.73	0.49	0.6		0.77	0.45	0.1	LFLCX
GMLVX	0.81	0.68	0.48	0.65	0.77		0.52	0.16	GMLVX
LMLRX	0.48	0.83	0.97	0.96	0.45	0.52		0.88	LMLRX
SGICX	0.12	0.56	0.88	0.78	0.1	0.16	0.88		SGICX
	MSTGX	ARECX	TADGX	CABIX	LFLCX	GMLVX	LMLRX	SGICX

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Risk-Adjusted Indicators

There is a big difference between Inflation Mutual Fund performing well and Inflation Protected 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 Inflation Protected'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
MSTGX	0.28	0.07	0.25	(1.12)	0.15	(0.33)	0.74	(0.42)	1.58
ARECX	0.72	0.07	0.08	0.07	0.89	(0.74)	1.56	(1.42)	4.45
TADGX	0.60	0.06	0.08	0.04	0.67	(0.66)	1.06	(1.32)	3.18
CABIX	0.36	0.03	0.10	0.04	0.38	(0.38)	0.73	(0.77)	2.58
LFLCX	0.17	0.02	0.20	(1.35)	0.04	(0.21)	0.43	(0.32)	0.98
GMLVX	0.70	0.06	0.07	0.10	0.88	(0.75)	1.57	(1.62)	5.51
LMLRX	0.32	0.02	0.07	0.01	0.37	(0.34)	0.61	(0.60)	2.17
SGICX	0.53	0.03	0.05	0.01	0.69	(0.50)	1.09	(1.14)	2.61

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Inflation Protected Correlations

Inflation Protected Correlation With Market

Poor diversification

Moving together with Inflation Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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