Diversified Bond Correlations
| ADFAX Fund | USD 9.03 0.02 0.22% |
The current 90-days correlation between Diversified Bond and Commonwealth Real Estate is 0.13 (i.e., Average diversification). The correlation of Diversified Bond 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.
Diversified Bond Correlation With Market
Average diversification
The correlation between Diversified Bond Fund and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diversified Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
Diversified |
Moving together with Diversified Mutual Fund
| 0.71 | AMDVX | Mid Cap Value | PairCorr |
| 0.7 | AMGIX | Income Growth | PairCorr |
| 0.71 | CDBCX | Diversified Bond | PairCorr |
| 0.69 | TWADX | Value Fund A | PairCorr |
| 0.67 | TWCCX | Ultra Fund C | PairCorr |
| 0.69 | TWCGX | Growth Fund Investor | PairCorr |
| 0.71 | AMVRX | Mid Cap Value | PairCorr |
| 0.63 | TWBIX | Balanced Fund Investor | PairCorr |
| 0.68 | TWEAX | Equity Income | PairCorr |
| 0.68 | TWEIX | Equity Income | PairCorr |
| 0.83 | TWGAX | International Growth | PairCorr |
| 0.73 | TWGIX | Growth Fund I | PairCorr |
| 0.78 | TWHIX | Heritage Fund Investor | PairCorr |
| 0.78 | TWRCX | Growth Fund C | PairCorr |
| 0.68 | TWTIX | Intermediate Term Tax | PairCorr |
| 0.81 | TWSCX | Strategic Allocation: | PairCorr |
| 0.77 | TWSAX | Strategic Allocation | PairCorr |
| 0.78 | TWSMX | Strategic Allocation: | PairCorr |
| 0.67 | TWVLX | Value Fund Investor | PairCorr |
| 0.83 | TWWOX | Intermediate Term Tax | PairCorr |
Moving against Diversified Mutual Fund
Related Correlations Analysis
| -0.98 | 0.97 | 0.97 | 0.96 | 0.97 | CNREX | ||
| -0.98 | -0.98 | -0.99 | -0.96 | -1.0 | SRPIX | ||
| 0.97 | -0.98 | 1.0 | 0.95 | 0.99 | SSRSX | ||
| 0.97 | -0.99 | 1.0 | 0.96 | 1.0 | REAIX | ||
| 0.96 | -0.96 | 0.95 | 0.96 | 0.96 | DNREX | ||
| 0.97 | -1.0 | 0.99 | 1.0 | 0.96 | RRRZX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Diversified Mutual Fund performing well and Diversified Bond 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 Diversified Bond'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNREX | 0.74 | (0.11) | 0.00 | (0.24) | 0.00 | 1.38 | 5.19 | |||
| SRPIX | 0.90 | 0.10 | 0.07 | (0.20) | 0.86 | 2.05 | 6.06 | |||
| SSRSX | 0.82 | (0.08) | 0.00 | (0.19) | 0.00 | 1.34 | 5.41 | |||
| REAIX | 0.84 | (0.08) | 0.00 | (0.18) | 0.00 | 1.32 | 5.46 | |||
| DNREX | 0.77 | (0.10) | 0.00 | (0.35) | 0.00 | 1.31 | 5.59 | |||
| RRRZX | 0.88 | (0.09) | 0.00 | (0.23) | 0.00 | 1.40 | 5.76 |