Short Duration Correlations

APOGX Fund

USD 10.49 0.01 0.1%

The current 90-days correlation between Short Duration Inflation and Fbjygx is -0.21 (i.e., Very good 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

Very weak diversification

The correlation between Short Duration Inflation and DJI is 0.54 (i.e., Very weak 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 various price indices.

Moving together with Short Mutual Fund

0.96	VTAPX	Vanguard Short Term	Pair Corr
0.97	VTSPX	Vanguard Short Term	Pair Corr
0.64	TRBFX	T Rowe Price	Pair Corr
0.81	TRPZX	T Rowe Price	Pair Corr
0.86	TRLDX	T Rowe Price	Pair Corr
0.97	FSTZX	Fidelity Series 0	Pair Corr
0.8	TIIWX	Tiaa Cref Inflation	Pair Corr
0.68	TIILX	Tiaa Cref Inflation	Pair Corr
0.73	TIIHX	Tiaa Cref Inflation	Pair Corr
0.66	PCIEX	Pace International Equity	Pair Corr
0.71	TRRVX	T Rowe Price	Pair Corr
0.73	FMTIX	Franklin Moderate	Pair Corr
0.64	FABZX	K2 Alternative Strategies	Pair Corr
0.65	RRTAX	T Rowe Price	Pair Corr
0.73	PQTNX	Pimco Trends Managed	Pair Corr
0.65	FAWTX	American Funds 2060	Pair Corr
0.79	PATRX	Pimco All Asset	Pair Corr
0.62	AOFAX	Alger Small Cap	Pair Corr
0.62	BTIEX	Deutsche Equity 500	Pair Corr
0.73	MIBLX	Bny Mellon Asset	Pair Corr
0.73	HAVLX	Harbor Large Cap	Pair Corr
0.67	RWICX	Capital World Growth	Pair Corr
0.8	PAUPX	Pimco All Asset	Pair Corr
0.73	JHRNX	Retirement Living Through	Pair Corr
0.62	IOEZX	Icon Equity Income	Pair Corr
0.8	PAUIX	Pimco All Asset	Pair Corr
0.68	FFOLX	Fidelity Freedom Index	Pair Corr

Related Correlations Analysis

	ABVCX	VOLMX	FVKVWX	FFCGX	IAADX	RPBAX	FBJYGX
ABVCX		0.87	0.81	0.88	0.9	0.94	0.89	ABVCX
VOLMX	0.87		0.77	0.95	0.81	0.89	0.79	VOLMX
FVKVWX	0.81	0.77		0.76	0.93	0.75	0.88	FVKVWX
FFCGX	0.88	0.95	0.76		0.82	0.9	0.84	FFCGX
IAADX	0.9	0.81	0.93	0.82		0.88	0.94	IAADX
RPBAX	0.94	0.89	0.75	0.9	0.88		0.85	RPBAX
FBJYGX	0.89	0.79	0.88	0.84	0.94	0.85		FBJYGX
	ABVCX	VOLMX	FVKVWX	FFCGX	IAADX	RPBAX	FBJYGX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABVCX	0.73	0.19	0.27	0.26	0.25	(0.96)	1.52	(1.12)	10.97
VOLMX	0.54	0.00	(0.03)	0.10	0.58	(0.59)	1.30	(0.92)	3.45
FVKVWX	0.65	0.17	0.11	2.24	0.49	(0.82)	1.66	(1.27)	3.53
FFCGX	0.52	0.03	0.00	0.14	0.58	(0.54)	1.02	(1.05)	2.84
IAADX	0.16	0.06	(0.19)	(1.04)	0.00	(0.22)	0.42	(0.21)	1.27
RPBAX	0.43	0.09	0.07	0.29	0.21	(0.51)	0.81	(0.75)	5.96
FBJYGX	0.52	0.15	0.06	(0.83)	0.48	(0.60)	1.25	(1.04)	3.24

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Short Duration Correlations

Short Duration Correlation With Market

Very weak diversification

Moving together with Short Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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