Vanguard Market Correlations

Mutual Funds . USA . 
Fund . Vanguard Market Neutral
VMNFX Fund  USD 13.29  0.02  0.15%   
The current 90-days correlation between Vanguard Market Neutral and Vanguard Commodity Strategy is -0.18 (i.e., Good diversification). The correlation of Vanguard 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.

Vanguard Market Correlation With Market

Weak diversification

The correlation between Vanguard Market Neutral and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Market Neutral 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 Vanguard Market Neutral. 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 census.

Moving together with Vanguard Mutual Fund

  1.0VMNIX Vanguard Market NeutralPairCorr
  0.72NAESX Vanguard Small CapPairCorr
  0.72VSCIX Vanguard Small CapPairCorr
  0.72VSCPX Vanguard Small CapPairCorr
  0.72VSEMX Vanguard Extended MarketPairCorr
  0.7VSEQX Vanguard Strategic EquityPairCorr

Moving against Vanguard Mutual Fund

  0.47VMMSX Vanguard Emerging MarketsPairCorr
  0.39VMLUX Vanguard Limited TermPairCorr
  0.39VMLTX Vanguard Limited TermPairCorr
  0.36VMNVX Vanguard Global MinimumPairCorr
  0.36VMVFX Vanguard Global MinimumPairCorr
  0.34VMSIX Vanguard Multi SectorPairCorr
  0.4VAIPX Vanguard Inflation-protecPairCorr
  0.35VPADX Vanguard Pacific StockPairCorr
  0.35VPACX Vanguard Pacific StockPairCorr
  0.35VPKIX Vanguard Pacific StockPairCorr
  0.48VSBIX Vanguard Short TermPairCorr
  0.48VSBSX Vanguard Short TermPairCorr
  0.48VSGDX Vanguard Short TermPairCorr
  0.48VSIGX Vanguard Intermediate-terPairCorr
  0.47VSGBX Vanguard Short TermPairCorr
  0.46VSCSX Vanguard Short TermPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
VMVFX
+ 0.62
VCMDX
VPGDX
+ 0.0
VCMDX
VASFX
+ 0.0
VCMDX
VMVFX
+ 0.0
VPGDX
VSTCX
+ 0.0
VPGDX
VASFX
+ 0.0
VPGDX
  
High negative correlations   
VSTCX
- 0.41
VCMDX
VSTCX
- 0.36
VMVFX
VASFX
- 0.0
VSTCX
VASFX
- 0.0
VMVFX
VASFX
- 0.0
VPGDX
VSTCX
- 0.0
VPGDX

Risk-Adjusted Indicators

There is a big difference between Vanguard Mutual Fund performing well and Vanguard Market 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 Vanguard 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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