Intermediate Bond Correlations

Mutual Funds . USA . 
Fund . Intermediate Bond Fund
CBOEX Fund  USD 12.72  0.01  0.08%   
The current 90-days correlation between Intermediate Bond and Smallcap Growth Fund is 0.11 (i.e., Average diversification). The correlation of Intermediate 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.

Intermediate Bond Correlation With Market

Poor diversification

The correlation between Intermediate Bond Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Bond 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 Intermediate Bond 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 american community survey.

Moving together with Intermediate Mutual Fund

  0.7RNEBX New World FundPairCorr
  0.79RNCCX American Funds IncomePairCorr
  0.91FPPPX American Funds PresePairCorr
  0.67TEAFX Tax Exempt BondPairCorr
  0.79FPTPX American Funds ConsePairCorr
  0.73RNPGX New PerspectivePairCorr
  0.73RNPCX New PerspectivePairCorr
  0.81AMRFX American MutualPairCorr
  0.78RNRPX American Funds RetirementPairCorr
  0.7RNWGX New World FundPairCorr
  0.7RNWAX New World FundPairCorr
  0.81ANBGX American Funds StrategicPairCorr
  0.9CEAMX Short Term BondPairCorr
  0.9CENEX American Funds LegePairCorr
  0.9CENFX American Funds LegePairCorr
  0.84CENAX American Funds LegePairCorr
  0.73ANWFX New PerspectivePairCorr
  0.71TXEFX American Funds TaxPairCorr
  0.71CEUCX Europacific GrowthPairCorr
  0.77CWIEX Capital World GrowthPairCorr
  0.77CWICX Capital World GrowthPairCorr
  0.74CWIAX Capital World GrowthPairCorr
  0.72CEUFX Europacific GrowthPairCorr
  0.71CEUEX Europacific GrowthPairCorr
  0.76CWMAX Washington MutualPairCorr
  0.89GVTFX Us Government SecuritiesPairCorr
  0.74HIMFX American High IncomePairCorr
  0.9CFAMX Short Term BondPairCorr
  0.7CFAEX Bond FundPairCorr
  0.75FAFGX American FundsPairCorr
  0.79CFIHX Capital Income BuilderPairCorr
  0.77CFNCX American Funds FundaPairCorr
  0.65CFNAX American Funds FundaPairCorr
  0.66GWPEX American Funds GrowthPairCorr
  0.7FAXTX American Funds 2065PairCorr
  0.75GFFFX Growth FundPairCorr
  0.8FBAFX American Funds AmericanPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate 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 Intermediate 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.

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