Short Duration Correlations

Mutual Funds . USA . 
Fund . Short Duration Inflation
APISX Fund  USD 10.53  0.01  0.1%   
The current 90-days correlation between Short Duration Inflation and T Rowe Price is 0.18 (i.e., Average diversification). The correlation of Short Duration 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 Duration Correlation With Market

Poor diversification

The correlation between Short Duration Inflation and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Duration Inflation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Short Duration Inflation. 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 main economic indicators.

Moving together with Short Mutual Fund

  0.64CDBCX Diversified BondPairCorr
  0.7TWIEX International GrowthPairCorr
  0.68TWTIX Intermediate Term TaxPairCorr
  0.7ANTMX Nt International SmallPairCorr
  0.88APORX Short Duration InflationPairCorr
  0.68ARTOX One Choice InPairCorr
  0.66ASMDX Strategic Allocation:PairCorr
  0.66ACECX Emerging MarketsPairCorr
  0.8ADDVX Diversified BondPairCorr
  0.68AGGWX Global Gold Fund Steady GrowthPairCorr
  0.64AHYVX High Yield FundPairCorr
  0.67CAYCX California High YieldPairCorr
  0.93VTAPX Vanguard Short TermPairCorr
  0.94VTSPX Vanguard Short TermPairCorr
  0.83TRBFX T Rowe PricePairCorr
  0.83TRPZX T Rowe PricePairCorr
  0.76TRLDX T Rowe PricePairCorr
  0.93FSTZX Fidelity Series 0PairCorr
  0.89TIIWX Tiaa-cref Inflation-linkedPairCorr
  0.8TIILX Tiaa-cref Inflation-linkedPairCorr
  0.87TIIHX Tiaa Cref InflationPairCorr
  0.64KF Korea ClosedPairCorr
  0.64FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.67SGGDX First Eagle Gold Steady GrowthPairCorr
  0.67FSAGX Gold Portfolio Gold Steady GrowthPairCorr
  0.65GOLDX Gabelli Gold Steady GrowthPairCorr
  0.68UNWPX World Precious MineralsPairCorr
  0.68OPGSX Oppenheimer Gold Spec Steady GrowthPairCorr
  0.66EKWAX Wells Fargo AdvantagePairCorr
  0.67USAGX Precious Metals And Steady GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Duration 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 Short Duration'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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