Money Market Correlations

Money Market Funds . USA . 
Fund . Money Market Obligations
TOAXX Fund   1.00  0.00  0.00%   
The current 90-days correlation between Money Market Obligations and Putnam Convertible Incm Gwth is -0.02 (i.e., Good diversification). 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.

Money Market Correlation With Market

Good diversification

The correlation between Money Market Obligations and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Money Market Obligations and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map 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.

Moving against Money Money Market Fund

  0.41VFIAX Vanguard 500 IndexPairCorr
  0.41VFINX Vanguard 500 IndexPairCorr
  0.39VFFSX Vanguard 500 IndexPairCorr
  0.38VITSX Vanguard Total StockPairCorr
  0.37VTSAX Vanguard Total StockPairCorr
  0.37VTSMX Vanguard Total StockPairCorr
  0.37VSTSX Vanguard Total StockPairCorr
  0.37VSMPX Vanguard Total StockPairCorr
  0.37ELFNX Elfun Trusts ElfunPairCorr
  0.32BSDAX Blackrock Smid CapPairCorr
  0.49AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.48CSCO Cisco SystemsPairCorr
  0.46HD Home DepotPairCorr
  0.35HPQ HP IncPairCorr
  0.33AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Related Correlations Analysis

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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.

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