Intermediate Bond Correlations

Mutual Funds . USA . 
Fund . Intermediate Bond Fund
CBOFX Fund  USD 12.72  0.01  0.08%   
The current 90-days correlation between Intermediate Bond and Aqr Large Cap is 0.05 (i.e., Significant 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 0.73 (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 census.

Moving together with Intermediate Mutual Fund

  0.7RNEBX New World FundPairCorr
  0.79RNCCX American Funds IncomePairCorr
  0.88FPPPX American Funds PresePairCorr
  0.8AMEFX Income FundPairCorr
  0.78RNGGX New Economy FundPairCorr
  0.78RNGFX New Economy FundPairCorr
  0.78RNGHX New Economy FundPairCorr
  0.78RNGBX New Economy FundPairCorr
  0.78RNGAX New Economy FundPairCorr
  0.78RNGEX New Economy FundPairCorr
  0.78RNGCX New Economy FundPairCorr
  0.69TEAFX Tax Exempt BondPairCorr
  0.78FPTPX American Funds ConsePairCorr
  0.64TEFEX Tax Exempt FundPairCorr
  0.68RNNEX New Economy FundPairCorr
  0.72CDJAX American Funds CollegePairCorr
  0.74RNPBX New PerspectivePairCorr
  0.74RNPAX New PerspectivePairCorr
  0.74RNPHX New PerspectivePairCorr
  0.74RNPGX New PerspectivePairCorr
  0.74RNPCX New PerspectivePairCorr
  0.74RNPEX New PerspectivePairCorr
  0.81AMRFX American MutualPairCorr
  0.77RNRPX American Funds RetirementPairCorr
  0.7RNWEX New World FundPairCorr
  0.7RNWHX New World FundPairCorr
  0.7RNWGX New World FundPairCorr
  0.7RNWBX New World FundPairCorr
  0.7RNWAX New World FundPairCorr
  0.7RNWCX New World FundPairCorr
  0.86ANBFX American Funds StrategicPairCorr
  0.66TFEBX Tax Exempt BondPairCorr
  0.95SBFFX Short Term BondPairCorr
  0.83CENEX American Funds LegePairCorr
  0.74DITFX American Funds 2050PairCorr
  0.71TXEFX American Funds TaxPairCorr

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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