Limited Term Correlations

Mutual Funds . USA . 
Fund . Limited Term Tax
FLTEX Fund  USD 15.77  0.01  0.06%   
The current 90-days correlation between Limited Term Tax and Alpine High Yield is -0.22 (i.e., Very good diversification). The correlation of Limited 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.

Limited Term Correlation With Market

Very poor diversification

The correlation between Limited Term Tax and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Limited Term Tax and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Limited Term Tax. 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 services.

Moving together with Limited Mutual Fund

  0.92RNEBX New World FundPairCorr
  0.95RNCCX American Funds IncomePairCorr
  0.82FPPPX American Funds PresePairCorr
  0.88AMEFX Income FundPairCorr
  0.87RNGGX New Economy FundPairCorr
  0.87RNGFX New Economy FundPairCorr
  0.87RNGHX New Economy FundPairCorr
  0.86RNGBX New Economy FundPairCorr
  0.86RNGAX New Economy FundPairCorr
  0.87RNGEX New Economy FundPairCorr
  0.86RNGCX New Economy FundPairCorr
  0.96TEAFX Tax Exempt BondPairCorr
  0.95FPTPX American Funds ConsePairCorr
  0.93TEFEX Tax Exempt FundPairCorr
  0.87RNNEX New Economy FundPairCorr
  0.91CDJAX American Funds CollegePairCorr
  0.86RNPBX New PerspectivePairCorr
  0.86RNPAX New PerspectivePairCorr
  0.86RNPHX New PerspectivePairCorr
  0.86RNPGX New PerspectivePairCorr
  0.86RNPCX New PerspectivePairCorr
  0.86RNPFX New PerspectivePairCorr
  0.86RNPEX New PerspectivePairCorr
  0.85AMRFX American MutualPairCorr
  0.95RNRPX American Funds RetirementPairCorr
  0.93RNWFX New World FundPairCorr
  0.93RNWEX New World FundPairCorr
  0.93RNWHX New World FundPairCorr
  0.93RNWGX New World FundPairCorr
  0.92RNWBX New World FundPairCorr
  0.92RNWAX New World FundPairCorr
  0.93RNWCX New World FundPairCorr
  0.93CDWEX American Funds DevelopingPairCorr
  0.93CDWFX American Funds DevelopingPairCorr
  0.92CDWCX American Funds DevelopingPairCorr
  0.93CDWAX American Funds DevelopingPairCorr
  0.77ANBGX American Funds StrategicPairCorr
  0.78ANBFX American Funds StrategicPairCorr
  0.79CEAMX Short Term BondPairCorr
  0.94TFEBX Tax Exempt BondPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Limited Mutual Fund performing well and Limited 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 Limited 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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