Short Term Correlations

Mutual Funds . USA . 
Fund . Short Term Bond Fund
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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Short Term 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 income.

Moving together with Short Mutual Fund

  0.96FPPPX American Funds PresePairCorr
  0.77TEPFX American Funds TaxPairCorr
  0.96RPPFX American Funds PresePairCorr
  0.96RPPEX American Funds PresePairCorr
  0.85CGTFX Us Government SecuritiesPairCorr
  0.83CGTCX Us Government SecuritiesPairCorr
  0.7RRPPX American Funds RetirementPairCorr
  0.79RROPX American Funds RetirementPairCorr
  0.64RCEEX Capital Income BuilderPairCorr
  0.7RFJTX American Funds 2015PairCorr
  0.8USGFX Us Government SecuritiesPairCorr
  0.83RGVAX Us Government SecuritiesPairCorr
  0.83RGVCX Us Government SecuritiesPairCorr
  0.78RGVEX Us Government SecuritiesPairCorr
  0.88FLIBX American Funds InflationPairCorr
  0.84UGSFX Us Government SecuritiesPairCorr
  0.9CBOCX Intermediate BondPairCorr
  0.94VBIRX Vanguard Short TermPairCorr
  0.92VFSUX Vanguard Short TermPairCorr
  0.95VFSIX Vanguard Short TermPairCorr
  0.96VFSTX Vanguard Short TermPairCorr
  0.95VBITX Vanguard Short TermPairCorr
  0.95VBISX Vanguard Short TermPairCorr

Moving against Short Mutual Fund

  0.51GFAFX Growth FundPairCorr
  0.34FCJTX American Funds 2055PairCorr
  0.5VSTSX Vanguard Total StockPairCorr
  0.5VSMPX Vanguard Total StockPairCorr
  0.5VITSX Vanguard Total StockPairCorr
  0.46VFFSX Vanguard 500 IndexPairCorr
  0.46VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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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.

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