Limited Duration Correlations

APSTX Fund

USD 9.43 0.01 0.11%

The current 90-days correlation between Limited Duration and Limited Duration Fund is 0.67 (i.e., Poor diversification). The correlation of Limited 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.

Limited Duration Correlation With Market

Very poor diversification

The correlation between Limited Duration Fund and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Limited Duration Fund 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 Limited Duration Fund. 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 persons.

Moving together with Limited Mutual Fund

0.84	APBDX	Bond Fund Investor	Pair Corr
0.92	APENX	Strategic Enhanced Yield	Pair Corr
0.88	APUSX	Cavanal Hill Ultra	Pair Corr
0.76	APWEX	World Energy	Pair Corr
0.8	AABOX	Bond Fund Class	Pair Corr
0.86	AAENX	Strategic Enhanced Yield	Pair Corr
0.95	AASTX	Limited Duration	Pair Corr
0.88	AAUSX	Cavanal Hill Ultra	Pair Corr
0.75	AAWEX	World Energy	Pair Corr
0.74	ACWEX	World Energy	Pair Corr
0.91	AIBNX	Bond Fund Institutional	Pair Corr
0.94	AIENX	Strategic Enhanced Yield	Pair Corr
0.98	AISTX	Limited Duration	Pair Corr
0.88	AIUSX	Cavanal Hillultra Short	Pair Corr
0.76	AIWEX	World Energy	Pair Corr
0.94	VBIRX	Vanguard Short Term	Pair Corr
0.93	VFSUX	Vanguard Short Term	Pair Corr
0.97	VFSIX	Vanguard Short Term	Pair Corr
0.96	VFSTX	Vanguard Short Term	Pair Corr
0.97	VBITX	Vanguard Short Term	Pair Corr
0.97	VBISX	Vanguard Short Term	Pair Corr
0.95	VSCSX	Vanguard Short Term	Pair Corr
0.84	LALDX	Lord Abbett Short	Pair Corr
0.78	LDLAX	Lord Abbett Short	Pair Corr
0.79	LDLRX	Lord Abbett Short	Pair Corr
0.66	VSTSX	Vanguard Total Stock	Pair Corr
0.66	VSMPX	Vanguard Total Stock	Pair Corr
0.66	VITSX	Vanguard Total Stock	Pair Corr
0.65	VFFSX	Vanguard 500 Index	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VTSNX	Vanguard Total Inter	Pair Corr
0.85	VTISX	Vanguard Total Inter	Pair Corr
0.86	VTPSX	Vanguard Total Inter	Pair Corr
0.64	VINIX	Vanguard Institutional	Pair Corr
0.84	PJNQX	Jennison Natural Res	Pair Corr

Related Correlations Analysis

	APBDX	APENX	APLIX	APSTX	APUSX	AIBNX	AIENX	AILIX	AISTX
APBDX		0.95	0.52	0.84	0.59	0.98	0.95	0.53	0.86	APBDX
APENX	0.95		0.52	0.92	0.73	0.97	0.99	0.53	0.91	APENX
APLIX	0.52	0.52		0.46	0.5	0.52	0.52	1.0	0.52	APLIX
APSTX	0.84	0.92	0.46		0.88	0.91	0.94	0.48	0.98	APSTX
APUSX	0.59	0.73	0.5	0.88		0.69	0.75	0.52	0.88	APUSX
AIBNX	0.98	0.97	0.52	0.91	0.69		0.97	0.54	0.91	AIBNX
AIENX	0.95	0.99	0.52	0.94	0.75	0.97		0.54	0.93	AIENX
AILIX	0.53	0.53	1.0	0.48	0.52	0.54	0.54		0.54	AILIX
AISTX	0.86	0.91	0.52	0.98	0.88	0.91	0.93	0.54		AISTX
	APBDX	APENX	APLIX	APSTX	APUSX	AIBNX	AIENX	AILIX	AISTX

Risk-Adjusted Indicators

There is a big difference between Limited Mutual Fund performing well and Limited 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 Limited 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
APBDX	0.14	0.01	(0.27)	0.36	0.08	(0.18)	0.23	(0.23)	0.59
APENX	0.13	0.01	(0.28)	0.30	0.00	(0.19)	0.22	(0.33)	0.67
APLIX	0.50	(0.05)	(0.09)	0.00	0.76	(0.48)	1.06	(1.19)	3.38
APSTX	0.07	0.01	(0.57)	1.24	0.00	(0.13)	0.21	(0.11)	0.32
APUSX	0.02	0.00	0.00	(0.31)	0.00	0.00	0.10	0.00	0.20
AIBNX	0.14	0.01	(0.26)	0.37	0.06	(0.18)	0.24	(0.35)	0.70
AIENX	0.15	0.01	(0.26)	0.49	0.00	(0.20)	0.34	(0.23)	0.68
AILIX	0.50	(0.05)	(0.08)	0.00	0.72	(0.52)	1.06	(1.15)	3.45
AISTX	0.08	0.01	(0.51)	(1.18)	0.00	(0.14)	0.21	(0.11)	0.43

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Limited Duration Correlations

Limited Duration Correlation With Market

Very poor diversification

Moving together with Limited Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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