Multisector Bond Correlations

MBSAX Fund

USD 13.57 0.02 0.15%

The current 90-days correlation between Multisector Bond Sma and Transamerica Financial Life is -0.03 (i.e., Good diversification). The correlation of Multisector Bond 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.

Multisector Bond Correlation With Market

Average diversification

The correlation between Multisector Bond Sma and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multisector Bond Sma and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Multisector Bond Sma. 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 nation.

Moving together with Multisector Mutual Fund

0.61	SRINX	Columbia Porate Income	Pair Corr
0.69	CUURX	Columbia Small Cap	Pair Corr
0.83	CEBYX	Columbia Emerging Markets	Pair Corr
0.84	CEBRX	Columbia Emerging Markets	Pair Corr
0.78	CEPRX	Columbia Income Oppo	Pair Corr
0.67	CFXRX	Columbia Flexible Capital	Pair Corr
0.66	APECX	Columbia High Yield	Pair Corr

Related Correlations Analysis

	IAAEX	BXSL	MSVIX	ICFAX	FNPIX	XFINX
IAAEX		-0.59	0.94	0.65	0.48	0.14	IAAEX
BXSL	-0.59		-0.52	-0.72	0.25	0.29	BXSL
MSVIX	0.94	-0.52		0.65	0.5	0.27	MSVIX
ICFAX	0.65	-0.72	0.65		0.07	-0.4	ICFAX
FNPIX	0.48	0.25	0.5	0.07		0.53	FNPIX
XFINX	0.14	0.29	0.27	-0.4	0.53		XFINX
	IAAEX	BXSL	MSVIX	ICFAX	FNPIX	XFINX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MSVIX	+ 0.94	IAAEX
ICFAX	+ 0.65	IAAEX
ICFAX	+ 0.65	MSVIX
XFINX	+ 0.53	FNPIX
FNPIX	+ 0.5	MSVIX
FNPIX	+ 0.48	IAAEX

High negative correlations

ICFAX	- 0.72	BXSL
BXSL	- 0.59	IAAEX
MSVIX	- 0.52	BXSL
XFINX	- 0.4	ICFAX

Risk-Adjusted Indicators

There is a big difference between Multisector Mutual Fund performing well and Multisector Bond 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 Multisector Bond'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
IAAEX	0.67	(0.11)	0.00	(0.72)	0.00	0.00	1.27	(0.93)	9.89
BXSL	0.76	0.17	0.18	0.62	0.72	(0.80)	1.43	(1.14)	4.08
MSVIX	0.85	(0.10)	0.00	(0.24)	0.00	0.00	1.40	(1.42)	15.14
ICFAX	0.89	(0.17)	0.00	(0.39)	0.00	0.00	1.43	(2.10)	18.69
FNPIX	1.16	0.16	0.10	4.45	1.38	(1.22)	2.10	(2.50)	13.82
XFINX	0.12	0.00	0.00	(0.15)	0.21	(0.15)	0.21	(0.28)	1.14

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