Short Term Correlations
RAAEX Fund | USD 9.55 0.01 0.10% |
The current 90-days correlation between Short Term Bond and Financials Ultrasector Profund is 0.04 (i.e., Significant diversification). The correlation of Short Term 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 Term Correlation With Market
Average diversification
The correlation between Short Term Bond Fund and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
Short |
Moving together with Short Mutual Fund
0.96 | FPPPX | American Funds Prese | PairCorr |
0.77 | TEPFX | American Funds Tax | PairCorr |
0.96 | RPPFX | American Funds Prese | PairCorr |
0.96 | RPPEX | American Funds Prese | PairCorr |
0.85 | CGTFX | Us Government Securities | PairCorr |
0.83 | CGTCX | Us Government Securities | PairCorr |
0.7 | RRPPX | American Funds Retirement | PairCorr |
0.79 | RROPX | American Funds Retirement | PairCorr |
0.64 | RCEEX | Capital Income Builder | PairCorr |
0.7 | RFJTX | American Funds 2015 | PairCorr |
0.8 | USGFX | Us Government Securities | PairCorr |
0.83 | RGVAX | Us Government Securities | PairCorr |
0.83 | RGVCX | Us Government Securities | PairCorr |
0.78 | RGVEX | Us Government Securities | PairCorr |
0.88 | FLIBX | American Funds Inflation | PairCorr |
0.84 | UGSFX | Us Government Securities | PairCorr |
0.9 | CBOCX | Intermediate Bond | PairCorr |
0.94 | VBIRX | Vanguard Short Term | PairCorr |
0.92 | VFSUX | Vanguard Short Term | PairCorr |
0.95 | VFSIX | Vanguard Short Term | PairCorr |
0.96 | VFSTX | Vanguard Short Term | PairCorr |
0.95 | VBITX | Vanguard Short Term | PairCorr |
0.95 | VBISX | Vanguard Short Term | PairCorr |
Moving against Short Mutual Fund
0.51 | GFAFX | Growth Fund | PairCorr |
0.34 | FCJTX | American Funds 2055 | PairCorr |
0.5 | VSTSX | Vanguard Total Stock | PairCorr |
0.5 | VSMPX | Vanguard Total Stock | PairCorr |
0.5 | VITSX | Vanguard Total Stock | PairCorr |
0.46 | VFFSX | Vanguard 500 Index | PairCorr |
0.46 | VFIAX | Vanguard 500 Index | PairCorr |
Related Correlations Analysis
0.69 | 0.6 | 0.76 | 0.99 | 0.61 | 0.4 | FNPIX | ||
0.69 | 0.66 | 0.77 | 0.67 | 0.93 | 0.88 | RMBLX | ||
0.6 | 0.66 | 0.63 | 0.59 | 0.64 | 0.56 | XFINX | ||
0.76 | 0.77 | 0.63 | 0.73 | 0.75 | 0.62 | SBFAX | ||
0.99 | 0.67 | 0.59 | 0.73 | 0.57 | 0.39 | VFAIX | ||
0.61 | 0.93 | 0.64 | 0.75 | 0.57 | 0.9 | FIDAX | ||
0.4 | 0.88 | 0.56 | 0.62 | 0.39 | 0.9 | MSVIX | ||
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Risk-Adjusted Indicators
There is a big difference between Short Mutual Fund performing well and Short Term 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 Term'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FNPIX | 1.17 | 0.02 | 0.00 | (0.13) | 0.00 | 1.92 | 9.08 | |||
RMBLX | 1.10 | (0.12) | 0.00 | (0.27) | 0.00 | 1.64 | 6.78 | |||
XFINX | 0.14 | (0.03) | 0.00 | 0.42 | 0.00 | 0.28 | 1.27 | |||
SBFAX | 0.88 | (0.15) | 0.00 | (0.33) | 0.00 | 1.40 | 9.14 | |||
VFAIX | 0.80 | 0.01 | 0.00 | (0.13) | 0.00 | 1.44 | 6.10 | |||
FIDAX | 0.97 | (0.15) | 0.00 | (0.30) | 0.00 | 1.26 | 7.46 | |||
MSVIX | 0.90 | (0.20) | 0.00 | (0.38) | 0.00 | 1.23 | 11.55 |