Short Term Correlations

Mutual Funds . USA . 
Fund . The Short Term
CFSTX Fund  USD 16.48  0.02  0.12%   
The correlation of Short Term 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.

Short Term Correlation With Market

Significant diversification

The correlation between The Short Term and DJI is 0.05 (i.e., Significant 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 persons.

Moving together with Short Mutual Fund

  0.89KTXIX Kansas TaxPairCorr
  0.64CFAGX Midcap GrowthPairCorr
  0.87CFMOX Missouri TaxPairCorr
  0.7CFVLX Value FundPairCorr
  0.68VFIRX Vanguard Short TermPairCorr
  0.68VFISX Vanguard Short TermPairCorr
  0.99VSGDX Vanguard Short TermPairCorr
  0.86VSGBX Vanguard Short TermPairCorr
  0.96FUMBX Fidelity Short TermPairCorr
  0.69EALDX Eaton Vance ShortPairCorr
  0.79EILDX Eaton Vance ShortPairCorr
  0.96EASDX Eaton Vance ShortPairCorr
  0.67RSNRX Victory Global NaturalPairCorr
  0.65RSNYX Victory Global NaturalPairCorr
  0.64RGNCX Victory Global NaturalPairCorr
  0.8OSPPX Oppenheimer Steelpath MlpPairCorr
  0.8SPMPX Invesco Steelpath MlpPairCorr
  0.8MLPNX Oppenheimer Steelpath MlpPairCorr
  0.8MLPLX Oppenheimer Steelpath MlpPairCorr
  0.8SPMJX Invesco Steelpath MlpPairCorr
  0.79WEFIX Short Duration IncomePairCorr
  0.82JAFDX JafdxPairCorr
  0.83VWITX Vanguard IntermediatePairCorr
  0.7CUSDX Six Circles UltraPairCorr
  0.76WWICX Westwood Income OppoPairCorr
  0.74VUSXX Vanguard Treasury MoneyPairCorr
  0.68PHDCX High Yield FundPairCorr
  0.67KESGX Kennedy Capital EsgPairCorr
  0.61IVNCX Ivy Global GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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