Bond Fund Correlations

Mutual Funds . USA . 
Fund . Bond Fund Investor
APBDX Fund  USD 8.42  0.01  0.12%   
The current 90-days correlation between Bond Fund Investor and Needham Small Cap is 0.05 (i.e., Significant 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

Modest diversification

The correlation between Bond Fund Investor and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bond Fund Investor 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 Bond Fund Investor. 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 unemployment.

Moving together with Bond Mutual Fund

  0.94APENX Strategic Enhanced YieldPairCorr
  0.84APSTX Limited DurationPairCorr
  1.0AABOX Bond Fund ClassPairCorr
  0.94AAENX Strategic Enhanced YieldPairCorr
  0.83AASTX Limited DurationPairCorr
  0.99AIBNX Bond Fund InstitutionalPairCorr
  0.93AIENX Strategic Enhanced YieldPairCorr
  0.84AISTX Limited DurationPairCorr
  0.61AIUSX Cavanal Hillultra ShortPairCorr
  0.88VBTLX Vanguard Total BondPairCorr
  0.98VBMFX Vanguard Total BondPairCorr
  0.98VBTIX Vanguard Total BondPairCorr
  0.98VTBSX Vanguard Total BondPairCorr
  0.98VTBIX Vanguard Total BondPairCorr
  0.98VTBNX Vanguard Total BondPairCorr
  0.97FBOFX American FundsPairCorr
  0.97FFBOX American FundsPairCorr
  0.98BFAFX Bond FundPairCorr
  0.98ABNDX Bond FundPairCorr
  0.96SGMYX Sdit Gnma FundPairCorr
  0.62SNJLX Western Asset NewPairCorr
  0.61AQRNX Aqr Risk ParityPairCorr

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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