Bond Fund Correlations

Mutual Funds USA . 
Fund . Bond Fund Of
RBFBX Fund  USD 11.35  0.03  0.27%   
The current 90-days correlation between Bond Fund and Vanguard Total Bond is 0.98 (i.e., Almost no diversification). The correlation of Bond Fund 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.

Bond Fund Correlation With Market

Good diversification

The correlation between Bond Fund Of and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bond Fund Of 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 Bond Fund Of. 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 bureau of labor statistics.

Moving together with Bond Mutual Fund

  0.94FPPPX American Funds PresePairCorr
  0.71TEBCX Tax Exempt BondPairCorr
  0.76TECCX Tax Exempt FundPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.71TECFX Tax Exempt FundPairCorr
  0.68TEFEX Tax Exempt FundPairCorr
  1.0AMUSX Us Government SecuritiesPairCorr
  0.73TEPCX American Funds TaxPairCorr
  0.64TEPAX American Funds TaxPairCorr
  0.63TEPFX American Funds TaxPairCorr

Moving against Bond Mutual Fund

  0.69RNGGX New Economy FundPairCorr
  0.69RNGFX New Economy FundPairCorr
  0.69RNGHX New Economy FundPairCorr
  0.69RNGEX New Economy FundPairCorr
  0.69RNGCX New Economy FundPairCorr
  0.69RNNEX New Economy FundPairCorr
  0.68RNGBX New Economy FundPairCorr
  0.68RNGAX New Economy FundPairCorr
  0.66AMPCX Amcap Fund ClassPairCorr
  0.66AMPFX Amcap Fund ClassPairCorr
  0.54AMFFX American MutualPairCorr
  0.53CDJAX American Funds CollegePairCorr
  0.52AMFCX American MutualPairCorr
  0.49AMEFX Income FundPairCorr
  0.48AMECX Income FundPairCorr
  0.45RNPHX New PerspectivePairCorr
  0.45RNPGX New PerspectivePairCorr
  0.43RNPCX New PerspectivePairCorr
  0.42RNPBX New PerspectivePairCorr
  0.42RNPAX New PerspectivePairCorr
  0.71ANCFX American Funds FundaPairCorr
  0.69ANEFX New Economy FundPairCorr
  0.69ANFFX New Economy FundPairCorr
  0.68ANFCX New Economy FundPairCorr
  0.54AMRMX American MutualPairCorr
  0.54AMRFX American MutualPairCorr
  0.45RNPFX New PerspectivePairCorr
  0.44RNPEX New PerspectivePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bond Mutual Fund performing well and Bond Fund 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 Bond Fund'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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