Total Return Correlations
| FLBDX Fund | USD 9.46 0.01 0.11% |
The current 90-days correlation between Total Return Bond and Muirfield Fund Retail is 0.49 (i.e., Very weak diversification). The correlation of Total Return 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.
Total Return Correlation With Market
Average diversification
The correlation between Total Return Bond and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Return Bond and DJI in the same portfolio, assuming nothing else is changed.
Total |
Moving together with Total Mutual Fund
| 0.99 | BNDAX | Total Return Bond | PairCorr |
| 0.99 | BNDIX | Total Return Bond | PairCorr |
| 0.88 | BSIKX | Blackrock Strategic | PairCorr |
| 0.79 | BSICX | Blackrock Strategic Opps | PairCorr |
| 0.85 | BASIX | Blackrock Strategic Opps | PairCorr |
| 0.85 | BSIIX | Blackrock Strategic | PairCorr |
| 0.67 | PMZCX | Pimco Mortgage Oppor | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Total Mutual Fund performing well and Total Return 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 Total Return'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLMFX | 0.81 | (0.21) | 0.00 | (0.53) | 0.00 | 1.20 | 15.98 | |||
| FLDFX | 0.63 | (0.18) | 0.00 | (0.61) | 0.00 | 0.80 | 12.72 | |||
| FLCGX | 0.84 | (0.24) | 0.00 | (0.62) | 0.00 | 1.08 | 17.87 | |||
| FLDGX | 0.74 | (0.20) | 0.00 | (0.56) | 0.00 | 1.04 | 14.16 | |||
| FLRUX | 0.27 | (0.02) | 0.00 | (0.15) | 0.00 | 0.48 | 2.05 |