Short Term Correlations
| TXPXX 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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TACLX | 0.54 | (0.04) | 0.00 | (0.23) | 0.00 | 0.88 | 5.53 | |||
| DFELX | 0.59 | 0.02 | 0.01 | 0.16 | 0.87 | 1.21 | 5.59 | |||
| LCIAX | 0.78 | (0.12) | 0.00 | (0.65) | 0.00 | 1.10 | 17.14 | |||
| TRBCX | 0.74 | 0.12 | 0.09 | 1.01 | 0.91 | 1.57 | 5.70 | |||
| TRLGX | 0.68 | 0.11 | 0.08 | 1.01 | 0.95 | 1.43 | 5.21 | |||
| FMTIX | 0.37 | (0.03) | 0.00 | (0.21) | 0.00 | 0.74 | 2.91 | |||
| RHSAX | 1.08 | (0.12) | 0.00 | (2.19) | 0.00 | 1.67 | 13.20 |