Short Duration Correlations

APOIX Fund

USD 10.53 0.03 0.28%

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

Average diversification

The correlation between Short Duration Inflation and DJI is 0.16 (i.e., Average 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 gross domestic product.

Moving together with Short Mutual Fund

0.89	VTAPX	Vanguard Short Term	Pair Corr
0.89	VTSPX	Vanguard Short Term	Pair Corr
0.9	TRLDX	T Rowe Price	Pair Corr
0.84	TRBFX	T Rowe Price	Pair Corr
0.88	TRPZX	T Rowe Price	Pair Corr
0.62	FSTZX	Fidelity Series 0	Pair Corr
0.87	TIIWX	Tiaa Cref Inflation	Pair Corr
0.88	TIIHX	Tiaa Cref Inflation	Pair Corr
0.86	TIKRX	Tiaa-cref Inflation-linked	Pair Corr
0.88	TIKPX	Tiaa-cref Inflation-linked	Pair Corr
0.62	TREMX	T Rowe Price	Pair Corr
0.62	TTEEX	T Rowe Price	Pair Corr
0.65	ISIAX	Voya Strategic Income	Pair Corr

Related Correlations Analysis

	ACITX	ADFIX	ACSNX	ACCNX	TWUSX
ACITX		0.89	0.78	0.89	0.89	ACITX
ADFIX	0.89		0.87	0.99	0.94	ADFIX
ACSNX	0.78	0.87		0.91	0.95	ACSNX
ACCNX	0.89	0.99	0.91		0.96	ACCNX
TWUSX	0.89	0.94	0.95	0.96		TWUSX
	ACITX	ADFIX	ACSNX	ACCNX	TWUSX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACITX	0.20	0.01	(0.60)	(0.33)	0.26	(0.19)	0.29	(0.48)	0.96
ADFIX	0.25	0.01	(0.58)	0.43	0.24	(0.29)	0.45	(0.44)	1.12
ACSNX	0.09	0.01	(1.43)	1.45	0.00	(0.16)	0.21	(0.10)	0.72
ACCNX	0.26	0.01	(0.58)	0.37	0.23	(0.30)	0.45	(0.44)	1.20
TWUSX	0.11	0.01	(1.25)	(0.73)	0.00	(0.17)	0.22	(0.22)	0.66

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Short Duration Correlations

Short Duration Correlation With Market

Average diversification

Moving together with Short Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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