High Yield Correlations

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in High Yield Bond. 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 manufacturing.

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations    SHOAX + 0.96 MNHAX ARTFX + 0.94 MNHAX SHOAX + 0.94 ARTFX SHOAX + 0.78 RYHGX RYHGX + 0.72 MNHAX RYHGX + 0.64 ARTFX

High negative correlations    SHOAX - 0.0 TGHNX RYHGX - 0.0 TGHNX TGHNX - 0.0 ARTFX TGHNX - 0.0 MNHAX

Risk-Adjusted Indicators

There is a big difference between High Mutual Fund performing well and High Yield 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 High Yield'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.