Inflation Linked Correlations

TILUX Fund

USD 8.32 0.02 0.24%

The current 90-days correlation between Inflation Linked Fixed and Icon Natural Resources is 0.02 (i.e., Significant diversification). The correlation of Inflation Linked 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.

Inflation Linked Correlation With Market

Modest diversification

The correlation between Inflation Linked Fixed Income and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inflation Linked Fixed Income and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Inflation Linked Fixed Income. 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 private.

Moving together with Inflation Mutual Fund

0.82	VIPIX	Vanguard Inflation	Pair Corr
0.83	VAIPX	Vanguard Inflation-protec	Pair Corr
0.85	VIPSX	Vanguard Inflation	Pair Corr
0.86	BFICX	American Funds Inflation	Pair Corr
0.78	BFIAX	American Funds Inflation	Pair Corr
0.81	BFIFX	American Funds Inflation	Pair Corr
0.69	FIBLX	American Funds Inflation	Pair Corr
0.74	FSPWX	Fidelity Sai Inflation	Pair Corr
0.88	FSTDX	Fidelity Series 5	Pair Corr
0.66	XNXJX	Nuveen New Jersey	Pair Corr
0.73	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Inflation Mutual Fund

0.5	NXJ	Nuveen New Jersey	Pair Corr
0.4	PFN	Pimco Income Strategy	Pair Corr
0.39	CNGLX	Commonwealth Global	Pair Corr
0.69	LTEBX	Limited Term Tax	Pair Corr
0.69	PQTNX	Pimco Trends Managed	Pair Corr
0.68	JRARX	Janus Henderson Research	Pair Corr
0.61	FSAGX	Gold Portfolio Gold	Pair Corr
0.6	TRMIX	T Rowe Price	Pair Corr
0.56	CGFFX	Growth Fund	Pair Corr
0.56	GICAX	Goldman Sachs Intern	Pair Corr
0.55	TWN	Taiwan Closed	Pair Corr
0.53	BXFCX	Barings Global Floating	Pair Corr
0.5	RDWHX	American Funds Developing	Pair Corr
0.5	PRSLX	T Rowe Price	Pair Corr
0.5	ALAYX	Invesco Income Allocation	Pair Corr
0.45	PARDX	T Rowe Price	Pair Corr
0.39	FCNTX	Fidelity Contrafund	Pair Corr

Related Correlations Analysis

	ICBAX	PEO	IGNAX	PNRCX	XGNTX	PSPFX
ICBAX		0.7	0.9	0.91	0.89	0.88	ICBAX
PEO	0.7		0.7	0.78	0.7	0.71	PEO
IGNAX	0.9	0.7		0.93	0.97	0.9	IGNAX
PNRCX	0.91	0.78	0.93		0.92	0.95	PNRCX
XGNTX	0.89	0.7	0.97	0.92		0.93	XGNTX
PSPFX	0.88	0.71	0.9	0.95	0.93		PSPFX
	ICBAX	PEO	IGNAX	PNRCX	XGNTX	PSPFX

Risk-Adjusted Indicators

There is a big difference between Inflation Mutual Fund performing well and Inflation Linked 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 Inflation Linked'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
ICBAX	1.36	0.13	0.12	0.16	1.15	(1.65)	3.34	(1.94)	11.98
PEO	0.81	0.03	0.00	0.14	0.93	(0.82)	1.69	(1.55)	4.75
IGNAX	0.97	0.11	0.03	0.68	1.21	(0.97)	1.85	(2.10)	5.41
PNRCX	1.16	0.09	0.06	0.15	1.41	(1.16)	2.24	(2.62)	6.77
XGNTX	0.66	0.08	0.03	0.45	0.77	(0.72)	1.53	(1.41)	3.15
PSPFX	1.33	0.15	0.09	0.22	1.44	(1.48)	3.28	(3.02)	7.78

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