Zero Coupon Correlations
| BTTRX Fund | USD 112.41 0.06 0.05% |
The current 90-days correlation between Zero Pon 2025 and Wasatch Hoisington Treasury Fund is -0.12 (i.e., Good diversification). The correlation of Zero Coupon 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.
Zero Coupon Correlation With Market
Good diversification
The correlation between Zero Pon 2025 and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zero Pon 2025 and DJI in the same portfolio, assuming nothing else is changed.
Zero |
Moving together with Zero Mutual Fund
| 0.63 | TWARX | Short Term Government | PairCorr |
| 0.62 | TWUSX | Short Term Government | PairCorr |
| 0.66 | TWUOX | Short Term Government | PairCorr |
Moving against Zero Mutual Fund
| 0.83 | TWADX | Value Fund A | PairCorr |
| 0.8 | AMVRX | Mid Cap Value | PairCorr |
| 0.76 | AMDVX | Mid Cap Value | PairCorr |
| 0.76 | AMVYX | Mid Cap Value | PairCorr |
| 0.76 | AMVGX | Mid Cap Value | PairCorr |
| 0.57 | AMGIX | Income Growth | PairCorr |
| 0.5 | CDBCX | Diversified Bond | PairCorr |
| 0.49 | AMKIX | Emerging Markets | PairCorr |
| 0.85 | TWEAX | Equity Income | PairCorr |
| 0.85 | TWEIX | Equity Income | PairCorr |
| 0.8 | TWGGX | Global Growth | PairCorr |
| 0.62 | TWSCX | Strategic Allocation: | PairCorr |
| 0.59 | TWSAX | Strategic Allocation | PairCorr |
| 0.56 | TWHIX | Heritage Fund Investor | PairCorr |
| 0.54 | TWSMX | Strategic Allocation: | PairCorr |
| 0.49 | TWIEX | International Growth | PairCorr |
| 0.49 | TWMIX | Emerging Markets | PairCorr |
| 0.48 | TWGAX | International Growth | PairCorr |
| 0.84 | ANTUX | Nt Non Intrinsic | PairCorr |
| 0.8 | TWVLX | Value Fund Investor | PairCorr |
| 0.72 | ANTSX | Nt International Small | PairCorr |
Related Correlations Analysis
| 0.24 | 0.77 | 0.1 | 0.93 | WHOSX | ||
| 0.24 | 0.23 | -0.39 | 0.3 | BTFIX | ||
| 0.77 | 0.23 | 0.05 | 0.76 | BULIX | ||
| 0.1 | -0.39 | 0.05 | 0.22 | BEGBX | ||
| 0.93 | 0.3 | 0.76 | 0.22 | ACITX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Zero Mutual Fund performing well and Zero Coupon 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 Zero Coupon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WHOSX | 0.90 | (0.12) | 0.00 | (0.65) | 0.00 | 1.39 | 5.34 | |||
| BTFIX | 0.21 | 0.00 | (0.04) | 0.30 | 0.26 | 0.39 | 1.41 | |||
| BULIX | 0.87 | (0.02) | 0.00 | (0.20) | 0.00 | 1.75 | 4.54 | |||
| BEGBX | 0.37 | (0.02) | 0.00 | (0.49) | 0.00 | 0.77 | 2.28 | |||
| ACITX | 0.20 | (0.03) | 0.00 | (0.55) | 0.00 | 0.38 | 1.15 |