The Short Correlations

Mutual Funds . USA . 
Fund . The Short Term
CFSTX Fund  USD 16.47  0.01  0.06%   
The current 90-days correlation between Short Term and Ivy Natural Resources is 0.03 (i.e., Significant diversification). The correlation of The Short 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.

The Short Correlation With Market

Poor diversification

The correlation between The Short Term and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Short Term 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 The Short Term. 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 producer price index.

Moving together with The Mutual Fund

  0.78CFAGX Midcap GrowthPairCorr
  0.77CFGRX Growth FundPairCorr
  0.87CFNLX National TaxPairCorr
  0.85CFMVX Commerce Midcap ValuePairCorr
  0.85CFVLX Value FundPairCorr
  0.98VFIRX Vanguard Short TermPairCorr
  0.98VFISX Vanguard Short TermPairCorr
  0.94VSBIX Vanguard Short TermPairCorr
  0.98VSGBX Vanguard Short TermPairCorr
  0.98VSGDX Vanguard Short TermPairCorr
  0.98FUMBX Fidelity Short TermPairCorr
  0.96ECLDX Eaton Vance ShortPairCorr
  0.96EALDX Eaton Vance ShortPairCorr
  0.97EILDX Eaton Vance ShortPairCorr
  0.97EASDX Eaton Vance ShortPairCorr
  0.63VSTSX Vanguard Total StockPairCorr
  0.67VSMPX Vanguard Total StockPairCorr
  0.67VITSX Vanguard Total StockPairCorr
  0.61VFFSX Vanguard 500 IndexPairCorr
  0.65VFIAX Vanguard 500 IndexPairCorr
  0.63VTSAX Vanguard Total StockPairCorr
  0.78VTSNX Vanguard Total InterPairCorr
  0.74VTISX Vanguard Total InterPairCorr
  0.78VTPSX Vanguard Total InterPairCorr
  0.65VINIX Vanguard InstitutionalPairCorr
  0.88HSTAX Hartford Stock HlsPairCorr
  0.78FRHIX Franklin High YieldPairCorr
  0.67PRSNX T Rowe PricePairCorr
  0.8JCVVX Classic ValuePairCorr
  0.61JABVX John Hancock GlobalPairCorr
  0.71BISLX Brown Advisory FundsPairCorr
  0.74NELIX Nuveen Equity LongshortPairCorr
  0.9FGYMX Fidelity New MarketsPairCorr
  0.78JABEX Jhancock MultimanagerPairCorr
  0.64TEMVX Tiaa Cref EmergingPairCorr
  0.83TRRZX T Rowe PricePairCorr
  0.83OAANX Oppenheimer Active AllctnPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Short 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 The Short'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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