High Yield Correlations

Mutual Funds USA . 
Fund . High Yield Fund A
AHYVX Fund  USD 5.14  0.01  0.19%   
The current 90-days correlation between High Yield Fund and Strategic Income Fund is 0.58 (i.e., Very weak diversification). The correlation of High Yield 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.

High Yield Correlation With Market

Very weak diversification

The correlation between High Yield Fund A and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Yield Fund A and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in High Yield Fund A. 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 real.

Moving together with High Mutual Fund

  0.92AMDVX Mid Cap ValuePairCorr
  0.97AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.75CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.73TWACX Short Term GovernmentPairCorr
  0.95TWADX Value Fund APairCorr
  0.96TWCCX Ultra Fund CPairCorr
  0.96TWCAX Select Fund APairCorr
  0.96TWCIX Select Fund InvestorPairCorr
  0.96TWCGX Growth Fund InvestorPairCorr
  0.77TWARX Short Term GovernmentPairCorr
  0.82TWAVX Short Term GovernmentPairCorr
  0.91AMVYX Mid Cap ValuePairCorr
  0.91AMVRX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.91AMVGX Mid Cap ValuePairCorr
  0.93TWEAX Equity IncomePairCorr
  0.93TWEIX Equity IncomePairCorr
  0.96TWCUX Ultra Fund InvestorPairCorr
  0.9TWGAX International GrowthPairCorr
  0.96TWGIX Growth Fund IPairCorr
  0.96TWGGX Global GrowthPairCorr
  0.9TWIEX International GrowthPairCorr
  0.96TWHIX Heritage Fund InvestorPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  0.96TWRCX Growth Fund CPairCorr
  0.89TWTCX Intermediate Term TaxPairCorr
  0.92TWTIX Intermediate Term TaxPairCorr
  0.98TWSCX Strategic Allocation:PairCorr
  0.98TWSAX Strategic Allocation:PairCorr
  0.98TWSMX Strategic Allocation:PairCorr
  0.96TWSIX Select Fund IPairCorr
  0.83TWUSX Short Term GovernmentPairCorr
  0.95TWVLX Value Fund InvestorPairCorr
  0.96TWUAX Ultra Fund APairCorr
  0.96TWUIX Ultra Fund IPairCorr
  0.83TWUOX Short Term GovernmentPairCorr
  0.92TWWOX Intermediate Term TaxPairCorr
  1.0NPHIX High Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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