Short-term Bond Correlations

Mutual Funds USA . 
Fund . Short Term Bond Fund
RAMAX Fund  USD 9.46  0.01  0.11%   
The current 90-days correlation between Short Term Bond and Rationalpier 88 Convertible is -0.06 (i.e., Good diversification). The correlation of Short-term 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.

Short-term Bond Correlation With Market

Very poor diversification

The correlation between Short Term Bond Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Short Term Bond Fund. 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 Short-term Mutual Fund

  0.87RNEBX New World FundPairCorr
  0.89RNCCX American Funds IncomePairCorr
  0.94FPPPX American Funds PresePairCorr
  0.88AMEFX Income FundPairCorr
  0.62RNGGX New Economy FundPairCorr
  0.62RNGFX New Economy FundPairCorr
  0.73RNGHX New Economy FundPairCorr
  0.61RNGEX New Economy FundPairCorr
  0.61RNGCX New Economy FundPairCorr
  0.92TEAFX Tax Exempt BondPairCorr
  0.91FPTPX American Funds ConsePairCorr
  0.9TEFEX Tax Exempt FundPairCorr
  0.61RNNEX New Economy FundPairCorr
  0.79CDJAX American Funds CollegePairCorr
  0.65RNPBX New PerspectivePairCorr
  0.65RNPAX New PerspectivePairCorr
  0.72RNPHX New PerspectivePairCorr
  0.66RNPGX New PerspectivePairCorr
  0.65RNPCX New PerspectivePairCorr
  0.66RNPFX New PerspectivePairCorr
  0.66RNPEX New PerspectivePairCorr
  0.87AMRFX American MutualPairCorr
  0.91RNRPX American Funds RetirementPairCorr
  0.87RNWFX New World FundPairCorr
  0.87RNWEX New World FundPairCorr
  0.87RNWHX New World FundPairCorr
  0.87RNWGX New World FundPairCorr
  0.87RNWBX New World FundPairCorr
  0.87RNWAX New World FundPairCorr
  0.87RNWCX New World FundPairCorr
  0.88CDWEX American Funds DevelopingPairCorr
  0.88CDWFX American Funds DevelopingPairCorr
  0.88CDWCX American Funds DevelopingPairCorr
  0.88CDWAX American Funds DevelopingPairCorr
  0.82ANBGX American Funds StrategicPairCorr
  0.82ANBFX American Funds StrategicPairCorr
  0.97CEAMX Short Term BondPairCorr
  0.92TFEBX Tax Exempt BondPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Short-term Mutual Fund performing well and Short-term 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 Short-term 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.

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