International Bond Correlations
| BEGBXDelisted Fund | USD 10.61 0.00 0.00% |
The current 90-days correlation between International Bond and T Rowe Price is -0.08 (i.e., Good diversification). The correlation of International Bond 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.
International Bond Correlation With Market
Good diversification
The correlation between International Bond Fund and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
International |
Moving against International Mutual Fund
| 0.73 | PDI | Pimco Dynamic Income | PairCorr |
| 0.6 | BCAAX | Brandywineglobal C | PairCorr |
| 0.59 | PYAIX | Payden Absolute Return | PairCorr |
| 0.57 | PYARX | Payden Absolute Return | PairCorr |
| 0.39 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.77 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.63 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.61 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.6 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.58 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.54 | HPQ | HP Inc | PairCorr |
| 0.45 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.45 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.35 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.33 | T | ATT Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.01 | 0.92 | 0.99 | -0.94 | RPIBX | ||
| 0.01 | 0.08 | -0.01 | 0.22 | BGEIX | ||
| 0.92 | 0.08 | 0.95 | -0.87 | ACITX | ||
| 0.99 | -0.01 | 0.95 | -0.96 | LSGLX | ||
| -0.94 | 0.22 | -0.87 | -0.96 | RYJUX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between International Mutual Fund performing well and International Bond 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 International Bond'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RPIBX | 0.32 | (0.07) | 0.00 | 0.78 | 0.00 | 0.55 | 2.11 | |||
| BGEIX | 1.48 | (0.06) | 0.00 | (0.09) | 0.00 | 2.90 | 9.43 | |||
| ACITX | 0.20 | (0.03) | 0.00 | (1.78) | 0.00 | 0.37 | 1.02 | |||
| LSGLX | 0.27 | (0.05) | 0.00 | 0.77 | 0.00 | 0.49 | 1.81 | |||
| RYJUX | 0.60 | 0.07 | (0.03) | 0.46 | 0.64 | 1.52 | 5.22 |
International Bond Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with International Bond mutual fund to make a market-neutral strategy. Peer analysis of International Bond could also be used in its relative valuation, which is a method of valuing International Bond by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in International Bond Fund?
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