Short Term Correlations
| TPFXX Fund | USD 1.00 0.00 0.00% |
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 |
Related Correlations Analysis
| 0.27 | 0.52 | 0.35 | 0.23 | 0.39 | LSYIX | ||
| 0.27 | 0.55 | 0.74 | 0.72 | 0.81 | RSDIX | ||
| 0.52 | 0.55 | 0.16 | 0.09 | 0.28 | JSNIX | ||
| 0.35 | 0.74 | 0.16 | 0.96 | 0.95 | TSDCX | ||
| 0.23 | 0.72 | 0.09 | 0.96 | 0.94 | DULTX | ||
| 0.39 | 0.81 | 0.28 | 0.95 | 0.94 | FUEMX | ||
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Risk-Adjusted Indicators
There is a big difference between Short Money Market Fund performing well and Short Term 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSYIX | 0.09 | (0.02) | 0.00 | 4.91 | 0.00 | 0.20 | 1.11 | |||
| RSDIX | 0.08 | (0.01) | 0.00 | 2.13 | 0.00 | 0.21 | 0.72 | |||
| JSNIX | 0.07 | (0.02) | 0.00 | (1.01) | 0.00 | 0.11 | 0.64 | |||
| TSDCX | 0.04 | 0.00 | (0.12) | (0.62) | 0.00 | 0.11 | 0.54 | |||
| DULTX | 0.04 | 0.00 | 0.00 | (0.07) | 0.00 | 0.00 | 0.81 | |||
| FUEMX | 0.03 | (0.01) | (0.14) | (1.87) | 0.00 | 0.10 | 0.50 |