Intermediate Government Correlations
| DPIGX Fund | USD 9.45 0.01 0.11% |
The current 90-days correlation between Intermediate Government and North Carolina Tax Free is 0.26 (i.e., Modest diversification). The correlation of Intermediate Government 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 Government Correlation With Market
Good diversification
The correlation between Intermediate Government Bond and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Government Bond and DJI in the same portfolio, assuming nothing else is changed.
Intermediate |
Moving together with Intermediate Mutual Fund
| 0.64 | NTSMX | North Carolina Tax | PairCorr |
| 0.75 | TTSMX | Tennessee Tax Free | PairCorr |
| 0.64 | DPG | Duff And Phelps | PairCorr |
| 0.65 | FEMDX | Franklin Emerging Market | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Intermediate Mutual Fund performing well and Intermediate Government 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 Government'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NTFIX | 0.11 | 0.00 | (0.31) | 0.08 | 0.17 | 0.28 | 1.12 | |||
| NTSMX | 0.04 | (0.01) | (0.79) | (0.53) | 0.00 | 0.10 | 0.38 | |||
| KYTFX | 0.12 | (0.01) | (0.28) | (0.14) | 0.18 | 0.28 | 1.25 | |||
| DPIGX | 0.04 | 0.00 | (0.95) | 2.36 | 0.00 | 0.11 | 0.42 | |||
| TNTIX | 0.14 | 0.01 | (0.27) | 0.03 | 0.23 | 0.38 | 1.43 | |||
| DUALX | 0.16 | (0.01) | (0.24) | (0.16) | 0.26 | 0.35 | 1.49 | |||
| DUMSX | 0.11 | (0.01) | (0.32) | (0.19) | 0.18 | 0.27 | 1.18 | |||
| DUTMX | 0.31 | 0.00 | 0.00 | 0.11 | 0.00 | 0.54 | 1.74 | |||
| TTSMX | 0.03 | 0.00 | (0.81) | 2.27 | 0.00 | 0.10 | 0.39 |