Short Duration Correlations

Mutual Funds . USA . 
Fund . Short Duration Inflation
APOGX Fund  USD 10.65  0.01  0.09%   
The current 90-days correlation between Short Duration Inflation and Mid Cap Value is -0.04 (i.e., Good diversification). The correlation of Short Duration 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 Duration Correlation With Market

Good diversification

The correlation between Short Duration Inflation and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Duration Inflation 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 Short Duration Inflation. 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 price.

Moving together with Short Mutual Fund

  0.65AMDVX Mid Cap ValuePairCorr
  0.7AMEIX Equity GrowthPairCorr
  0.68AMGIX Income GrowthPairCorr
  0.84CDBCX Diversified BondPairCorr
  0.74AMKIX Emerging MarketsPairCorr
  0.88TWACX Short Term GovernmentPairCorr
  0.72TWADX Value Fund APairCorr
  0.65TWCCX Ultra Fund CPairCorr
  0.64TWCAX Select Fund APairCorr
  0.64TWCIX Select Fund InvestorPairCorr
  0.68TWCGX Growth Fund InvestorPairCorr
  0.86TWARX Short Term GovernmentPairCorr
  0.86TWAVX Short Term GovernmentPairCorr
  0.65AMVYX Mid Cap ValuePairCorr
  0.66AMVRX Mid Cap ValuePairCorr
  0.71TWBIX Balanced Fund InvestorPairCorr
  0.67AMVGX Mid Cap ValuePairCorr
  0.74TWEAX Equity IncomePairCorr
  0.73TWEIX Equity IncomePairCorr
  0.66TWCUX Ultra Fund InvestorPairCorr
  0.68TWGIX Growth Fund IPairCorr
  0.67TWGGX Global GrowthPairCorr
  0.61TWHIX Heritage Fund InvestorPairCorr
  0.75TWMIX Emerging MarketsPairCorr
  0.67TWRCX Growth Fund CPairCorr
  0.69TWTCX Intermediate Term TaxPairCorr
  0.72TWTIX Intermediate Term TaxPairCorr
  0.73TWSCX Strategic Allocation:PairCorr
  0.69TWSAX Strategic Allocation:PairCorr
  0.7TWSMX Strategic Allocation:PairCorr
  0.64TWSIX Select Fund IPairCorr
  0.89TWUSX Short Term GovernmentPairCorr
  0.73TWVLX Value Fund InvestorPairCorr
  0.64TWUAX Ultra Fund APairCorr
  0.66TWUIX Ultra Fund IPairCorr
  0.88TWUOX Short Term GovernmentPairCorr
  0.72TWWOX Intermediate Term TaxPairCorr
  0.77NPHIX High Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Duration 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 Duration'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.70  0.13 (0.03)(1.02) 0.76 
(0.74)
 1.96 
(1.39)
 4.36 
AMEIX  0.66  0.12  0.12  0.26  0.56 
(0.73)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.16  0.01 (1.14) 0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.26  0.01 (0.34) 3.69  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.26  0.19  37.62  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (0.91) 0.15  0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.65  0.14 (0.02)(0.98) 0.64 
(0.74)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.13  0.13  0.27  0.75 
(0.93)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.29  0.13 (3.45) 0.73 
(1.00)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.29  0.13 (3.44) 0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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