Money Market Correlations

POIXX Fund

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The correlation of Money Market 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Money Market Obligations. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	HYSZX	SGYAX	PGANX	TIYRX	MZHIX	WAYRX	PAHIX
HYSZX		0.97	0.95	0.9	0.96	0.99	0.95	HYSZX
SGYAX	0.97		0.94	0.93	0.97	0.96	0.98	SGYAX
PGANX	0.95	0.94		0.93	0.95	0.93	0.93	PGANX
TIYRX	0.9	0.93	0.93		0.93	0.9	0.95	TIYRX
MZHIX	0.96	0.97	0.95	0.93		0.97	0.97	MZHIX
WAYRX	0.99	0.96	0.93	0.9	0.97		0.95	WAYRX
PAHIX	0.95	0.98	0.93	0.95	0.97	0.95		PAHIX
	HYSZX	SGYAX	PGANX	TIYRX	MZHIX	WAYRX	PAHIX

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Risk-Adjusted Indicators

There is a big difference between Money Money Market Fund performing well and Money Market Money Market 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 Money Market'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
HYSZX	0.13	0.02	0.06	0.19	0.00	(0.21)	0.48	(0.24)	1.08
SGYAX	0.16	0.02	0.05	0.15	0.05	(0.26)	0.56	(0.28)	1.57
PGANX	0.10	0.01	0.03	(1.68)	0.00	(0.18)	0.23	(0.23)	0.91
TIYRX	0.15	0.00	0.00	(0.05)	0.13	(0.21)	0.45	(0.34)	1.03
MZHIX	0.13	0.01	0.04	0.13	0.05	(0.18)	0.25	(0.25)	0.89
WAYRX	0.16	0.01	0.04	0.09	0.07	(0.26)	0.44	(0.29)	1.02
PAHIX	0.15	0.01	0.01	0.06	0.12	(0.23)	0.51	(0.34)	1.03

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Money Market Correlations

Related Correlations Analysis

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