Short Duration Correlations
| MPLDXDelisted Fund | USD 8.05 0.00 0.00% |
The current 90-days correlation between Short Duration Income and Health Biotchnology Portfolio is 0.15 (i.e., Average diversification). The correlation of Short Duration 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.
Short Duration Correlation With Market
Significant diversification
The correlation between Short Duration Income 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 Short Duration Income and DJI in the same portfolio, assuming nothing else is changed.
Short |
Moving together with Short Mutual Fund
| 0.67 | PYAIX | Payden Absolute Return | PairCorr |
| 0.66 | PYARX | Payden Absolute Return | PairCorr |
| 0.68 | BCAAX | Brandywineglobal C | PairCorr |
| 0.67 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.7 | HD | Home Depot | PairCorr |
| 0.7 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.64 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Short Mutual Fund
| 0.66 | USPSX | Profunds Ultrashort | PairCorr |
| 0.66 | USPIX | Profunds Ultrashort | PairCorr |
| 0.5 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.45 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.41 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Short Mutual Fund performing well and Short Duration 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 Short Duration'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBHIX | 0.62 | (0.15) | 0.00 | (0.14) | 0.00 | 1.00 | 4.23 | |||
| FHCCX | 0.70 | (0.10) | (0.14) | (0.01) | 0.94 | 1.05 | 4.04 | |||
| LHCCX | 0.76 | (0.10) | (0.12) | 0.00 | 1.01 | 1.50 | 5.15 | |||
| ETCHX | 1.02 | (0.15) | 0.00 | (0.01) | 0.00 | 2.25 | 7.56 | |||
| LYFAX | 0.64 | (0.12) | 0.00 | (0.07) | 0.00 | 1.10 | 3.82 | |||
| AHSCX | 0.57 | (0.06) | (0.16) | 0.00 | 0.75 | 0.82 | 4.55 | |||
| GGHYX | 0.63 | (0.17) | 0.00 | (0.16) | 0.00 | 0.93 | 3.73 |
Short Duration Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Short Duration mutual fund to make a market-neutral strategy. Peer analysis of Short Duration could also be used in its relative valuation, which is a method of valuing Short Duration by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Short Duration Income?
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