Short Duration Correlations

Mutual Funds . USA . 
Fund . Short Duration Inflation
APOCX Fund  USD 9.82  0.01  0.10%   
The current 90-days correlation between Short Duration Inflation and Gabelli Global Financial is 0.2 (i.e., Modest 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

Modest diversification

The correlation between Short Duration Inflation and DJI is 0.26 (i.e., Modest 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 unemployment.

Moving against Short Mutual Fund

  0.55TWAVX Short Term GovernmentPairCorr
  0.53TWARX Short Term GovernmentPairCorr
  0.42AMEIX Equity GrowthPairCorr
  0.42TWACX Short Term GovernmentPairCorr
  0.41AMGIX Income GrowthPairCorr
  0.38TWADX Value Fund APairCorr
  0.38TWCCX Ultra Fund CPairCorr
  0.38TWCIX Select Fund InvestorPairCorr
  0.37TWCAX Select Fund APairCorr
  0.37TWCGX Growth Fund InvestorPairCorr
  0.33AMVYX Mid Cap ValuePairCorr
  0.33AMVRX Mid Cap ValuePairCorr
  0.33AMVGX Mid Cap ValuePairCorr
  0.54TWUSX Short Term GovernmentPairCorr
  0.45TWTIX Intermediate Term TaxPairCorr
  0.38TWSIX Select Fund IPairCorr
  0.37TWGIX Growth Fund IPairCorr
  0.37TWRCX Growth Fund CPairCorr
  0.35TWGGX Global GrowthPairCorr
  0.34TWEAX Equity IncomePairCorr
  0.34TWEIX Equity IncomePairCorr
  0.52TWUOX Short Term GovernmentPairCorr
  0.45TWWOX Intermediate Term TaxPairCorr
  0.41ANTUX Nt Non IntrinsicPairCorr
  0.39TWUAX Ultra Fund APairCorr
  0.39TWUIX Ultra Fund IPairCorr
  0.39NPHIX High Income FundPairCorr

Related Correlations Analysis


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

DVFYX
+ 0.98
GCFSX
DVFYX
+ 0.96
FIKBX
DVFYX
+ 0.95
SBFAX
FNPIX
+ 0.94
FIKBX
FIKBX
+ 0.93
SBFAX
FNPIX
+ 0.92
DVFYX
  

High negative correlations

FNPIX
- 0.0
FTIXX
DVFYX
- 0.0
FTIXX
FIKBX
- 0.0
FTIXX
SBFAX
- 0.0
FTIXX
FTIXX
- 0.0
GCFSX

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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