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 Great West Real Estate is 0.26 (i.e., Modest 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 0.82 (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

  0.84RNEBX New World FundPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.94FPPPX American Funds PresePairCorr
  0.89AMEFX Income FundPairCorr
  0.85RNGGX New Economy FundPairCorr
  0.85RNGFX New Economy FundPairCorr
  0.85RNGHX New Economy FundPairCorr
  0.85RNGCX New Economy FundPairCorr
  0.84TEAFX Tax Exempt BondPairCorr
  0.9FPTPX American Funds ConsePairCorr
  0.78TEFEX Tax Exempt FundPairCorr
  0.75RNNEX New Economy FundPairCorr
  0.82RNPAX New PerspectivePairCorr
  0.82RNPHX New PerspectivePairCorr
  0.82RNPGX New PerspectivePairCorr
  0.82RNPCX New PerspectivePairCorr
  0.82RNPFX New PerspectivePairCorr
  0.89AMRFX American MutualPairCorr
  0.89RNRPX American Funds RetirementPairCorr
  0.84RNWEX New World FundPairCorr
  0.84RNWHX New World FundPairCorr
  0.84RNWGX New World FundPairCorr
  0.74CDWCX American Funds DevelopingPairCorr
  0.85ANBGX American Funds StrategicPairCorr
  0.84ANBFX American Funds StrategicPairCorr
  0.84TFEBX Tax Exempt BondPairCorr
  0.92CENEX American Funds LegePairCorr
  0.92CENFX American Funds LegePairCorr
  0.85DITFX American Funds 2050PairCorr
  0.82ANWFX New PerspectivePairCorr
  0.84CEUCX Europacific GrowthPairCorr
  0.84CEUAX Europacific GrowthPairCorr
  0.87CWIEX Capital World GrowthPairCorr
  0.87CWIFX Capital World GrowthPairCorr
  0.87CWICX Capital World GrowthPairCorr
  0.87CWIAX Capital World GrowthPairCorr
  0.84CEUFX Europacific GrowthPairCorr
  0.84CEUEX Europacific GrowthPairCorr
  0.86CWMEX Washington MutualPairCorr
  0.86CWMAX Washington MutualPairCorr

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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