High Yield Correlations
| AHYRX Fund | USD 5.21 0.01 0.19% |
The current 90-days correlation between High Yield Fund and Eip Growth And is -0.15 (i.e., Good diversification). The correlation of High Yield 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.
High |
Moving together with High Mutual Fund
| 0.8 | AMGIX | Income Growth | PairCorr |
| 0.7 | TWCCX | Ultra Fund C | PairCorr |
| 0.74 | TWCAX | Select Fund A | PairCorr |
| 0.74 | TWCIX | Select Fund Investor | PairCorr |
| 0.7 | TWCGX | Growth Fund Investor | PairCorr |
| 0.82 | TWARX | Short Term Government | PairCorr |
| 0.82 | TWAVX | Short Term Government | PairCorr |
| 0.74 | TWBIX | Balanced Fund Investor | PairCorr |
| 0.7 | TWGIX | Growth Fund I | PairCorr |
| 0.73 | TWGGX | Global Growth | PairCorr |
| 0.64 | TWHIX | Heritage Fund Investor | PairCorr |
| 0.66 | TWMIX | Emerging Markets | PairCorr |
| 0.8 | TWTIX | Intermediate Term Tax | PairCorr |
| 0.75 | TWSCX | Strategic Allocation: | PairCorr |
| 0.74 | TWSAX | Strategic Allocation: | PairCorr |
| 0.74 | TWSMX | Strategic Allocation: | PairCorr |
| 0.85 | TWUSX | Short Term Government | PairCorr |
| 0.73 | TWUIX | Ultra Fund I | PairCorr |
| 0.77 | ANONX | Small Cap Growth | PairCorr |
| 0.78 | ANOIX | Small Cap Growth | PairCorr |
| 0.8 | ANTUX | Nt Non Intrinsic | PairCorr |
| 0.74 | ANTMX | Nt International Small | PairCorr |
| 0.76 | AOCIX | One Choice Portfolio | PairCorr |
| 0.73 | AOGIX | One Choice Portfolio | PairCorr |
| 0.75 | AOMIX | One Choice Portfolio | PairCorr |
| 0.83 | AONIX | One Choice Portfolio | PairCorr |
| 0.7 | AOOIX | One Choice 2045 | PairCorr |
| 0.73 | AORYX | One Choice Portfolio | PairCorr |
| 0.74 | AOVIX | One Choice Portfolio | PairCorr |
| 0.71 | BCHYX | California High Yield | PairCorr |
| 0.69 | ARDMX | One Choice 2040 | PairCorr |
| 0.69 | ARCVX | One Choice 2030 | PairCorr |
| 0.7 | AREVX | One Choice 2055 | PairCorr |
| 0.69 | AREUX | One Choice 2055 | PairCorr |
Related Correlations Analysis
| 0.44 | 0.35 | 0.78 | 0.8 | 0.89 | 0.8 | EIPIX | ||
| 0.44 | 0.59 | 0.6 | 0.69 | 0.66 | 0.72 | UPDDX | ||
| 0.35 | 0.59 | 0.66 | 0.61 | 0.57 | 0.43 | PRNHX | ||
| 0.78 | 0.6 | 0.66 | 0.93 | 0.82 | 0.79 | GETFX | ||
| 0.8 | 0.69 | 0.61 | 0.93 | 0.83 | 0.87 | GGRYX | ||
| 0.89 | 0.66 | 0.57 | 0.82 | 0.83 | 0.82 | GGFRX | ||
| 0.8 | 0.72 | 0.43 | 0.79 | 0.87 | 0.82 | TEGAX | ||
Risk-Adjusted Indicators
There is a big difference between High Mutual Fund performing well and High Yield 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 High Yield'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EIPIX | 0.74 | 0.26 | 0.25 | 3.49 | 0.22 | 1.09 | 15.53 | |||
| UPDDX | 1.37 | 0.08 | 0.00 | 0.75 | 2.20 | 2.28 | 8.73 | |||
| PRNHX | 1.24 | 0.01 | 0.01 | 0.09 | 1.94 | 1.81 | 21.91 | |||
| GETFX | 0.60 | 0.11 | 0.14 | 0.21 | 0.39 | 1.01 | 9.50 | |||
| GGRYX | 0.56 | 0.15 | 0.10 | 3.87 | 0.42 | 0.92 | 8.27 | |||
| GGFRX | 0.64 | 0.05 | 0.04 | 0.14 | 0.73 | 1.43 | 6.65 | |||
| TEGAX | 1.06 | 0.19 | 0.08 | (1.74) | 1.01 | 1.68 | 15.47 |