Intermediate Term Correlations

UITBX Fund

USD 9.12 0.02 0.22%

The current 90-days correlation between Intermediate Term Bond and Oklahoma College Savings is 0.46 (i.e., Very weak diversification). The correlation of Intermediate 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.

Intermediate Term Correlation With Market

Modest diversification

The correlation between Intermediate Term Bond Fund and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Term Bond Fund 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 Intermediate 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 bureau of labor statistics.

Moving together with Intermediate Mutual Fund

0.98	UINCX	Income Fund Income	Pair Corr
0.99	UITCX	Usaa Intermediate Term	Pair Corr
0.94	UITIX	Usaa Tax Exempt	Pair Corr
0.82	GUTEX	Victory Tax Exempt	Pair Corr
0.72	SBALX	Victory Strategic	Pair Corr
0.63	SBFCX	Victory Incore Investment	Pair Corr
0.63	SBFMX	Victory Portfolios	Pair Corr
0.85	ULTIX	Usaa Tax Exempt	Pair Corr
0.76	RSDGX	Victory Rs Select	Pair Corr
0.79	RSGGX	Victory Rs Global	Pair Corr
0.77	RSGFX	Victory Rs Select	Pair Corr
0.64	RSGRX	Victory Rs Growth	Pair Corr
0.73	RSIFX	Victory Rs Science	Pair Corr
0.75	RSIGX	Victory Rs International	Pair Corr
0.67	RSMMX	Victory Rs Small	Pair Corr
0.84	RSMOX	Victory Rs Mid	Pair Corr

Related Correlations Analysis

	FUOKX	EMDIX	FEMDX	ABWYX	CDHIX	HLIDX	REMVX
FUOKX		0.92	0.88	0.93	0.99	0.98	0.79	FUOKX
EMDIX	0.92		0.91	0.92	0.93	0.9	0.78	EMDIX
FEMDX	0.88	0.91		0.76	0.91	0.86	0.57	FEMDX
ABWYX	0.93	0.92	0.76		0.93	0.91	0.86	ABWYX
CDHIX	0.99	0.93	0.91	0.93		0.98	0.78	CDHIX
HLIDX	0.98	0.9	0.86	0.91	0.98		0.79	HLIDX
REMVX	0.79	0.78	0.57	0.86	0.78	0.79		REMVX
	FUOKX	EMDIX	FEMDX	ABWYX	CDHIX	HLIDX	REMVX

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Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate 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 Intermediate 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
FUOKX	0.62	0.04	0.05	0.10	0.81	(0.63)	1.22	(1.30)	3.65
EMDIX	0.19	0.02	0.05	0.15	0.12	(0.26)	0.51	(0.39)	0.90
FEMDX	0.17	0.03	0.14	0.42	0.00	(0.22)	0.42	(0.26)	0.94
ABWYX	0.37	0.02	0.03	0.05	0.48	(0.42)	0.71	(0.71)	2.66
CDHIX	0.56	0.05	0.06	0.11	0.70	(0.59)	1.20	(1.24)	3.59
HLIDX	0.56	0.04	0.05	0.11	0.80	(0.55)	1.09	(1.23)	3.24
REMVX	0.67	0.02	0.02	0.04	0.81	(0.72)	1.47	(1.38)	3.39

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Intermediate Term Correlations

Intermediate Term Correlation With Market

Modest diversification

Moving together with Intermediate Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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