Total Return Correlations

BNDIX Fund

USD 9.65 0.03 0.31%

The correlation of Total Return 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.

Total Return Correlation With Market

Good diversification

The correlation between Total Return Bond and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Return Bond 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 Total Return Bond. 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 Total Mutual Fund

0.91	SRUAX	Spectrum Fund Adviser	Pair Corr
0.87	SRUIX	Spectrum Fund Instit	Pair Corr
0.84	QNTAX	Quantex Fund Adviser	Pair Corr
0.89	QNTIX	Quantex Fund Institu	Pair Corr
0.98	IFAAX	Infrastructure Fund	Pair Corr
0.87	IFAIX	Infrastructure Fund	Pair Corr
0.94	BLNAX	Balanced Fund Adviser	Pair Corr
0.94	FLBDX	Total Return Bond	Pair Corr
0.92	FLCGX	Quantex Fund Retail	Pair Corr
0.86	FLDOX	Dividend Opportunities	Pair Corr
0.82	FLDGX	Dynamic Growth	Pair Corr
0.84	FLDFX	Balanced Fund Retail	Pair Corr
0.91	FLFGX	Global Opportunities	Pair Corr
0.82	FLMIX	Muirfield Fund Insti	Pair Corr
0.87	FLMFX	Muirfield Fund Retail	Pair Corr
0.82	FLMAX	Muirfield Fund Adviser	Pair Corr
0.87	FLRUX	Infrastructure Fund	Pair Corr
0.82	FLSPX	Spectrum Fund Retail	Pair Corr
0.86	DVOIX	Dividend Opportunities	Pair Corr
0.86	DVOAX	Dividend Opportunities	Pair Corr
1.0	BNDAX	Total Return Bond	Pair Corr
0.82	GBPAX	Global Opportunities	Pair Corr
0.82	GBPIX	Global Opportunities	Pair Corr
0.91	DYGIX	Dynamic Growth	Pair Corr
0.82	DYGAX	Dynamic Growth	Pair Corr
0.98	BSIKX	Blackrock Strategic	Pair Corr
0.92	BSICX	Blackrock Strategic Opps	Pair Corr
0.92	BASIX	Blackrock Strategic Opps	Pair Corr
0.98	BSIIX	Blackrock Strategic	Pair Corr
0.86	JSORX	Jpmorgan Strategic Income	Pair Corr
0.88	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.82	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.86	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.81	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.84	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.84	GPBFX	Gmo E Plus	Pair Corr
0.78	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	AEYXX	HUCXX	ELMXX	JRSXX	QCMMIX	PFCXX	JHMXX
AEYXX		0.0	0.0	0.0	0.0	0.0	0.0	AEYXX
HUCXX	0.0		0.0	0.0	0.0	0.0	0.0	HUCXX
ELMXX	0.0	0.0		0.0	0.0	0.0	0.0	ELMXX
JRSXX	0.0	0.0	0.0		0.0	0.0	0.0	JRSXX
QCMMIX	0.0	0.0	0.0	0.0		0.0	0.0	QCMMIX
PFCXX	0.0	0.0	0.0	0.0	0.0		0.0	PFCXX
JHMXX	0.0	0.0	0.0	0.0	0.0	0.0		JHMXX
	AEYXX	HUCXX	ELMXX	JRSXX	QCMMIX	PFCXX	JHMXX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HUCXX	+ 0.0	AEYXX
ELMXX	+ 0.0	AEYXX
JRSXX	+ 0.0	AEYXX
QCMMIX	+ 0.0	AEYXX
PFCXX	+ 0.0	AEYXX
JHMXX	+ 0.0	AEYXX

High negative correlations

JHMXX	- 0.0	PFCXX
JHMXX	- 0.0	QCMMIX
PFCXX	- 0.0	QCMMIX
JHMXX	- 0.0	JRSXX
PFCXX	- 0.0	JRSXX
QCMMIX	- 0.0	JRSXX

Risk-Adjusted Indicators

There is a big difference between Total Mutual Fund performing well and Total Return 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 Total Return'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	Treynor Ratio	Potential Upside	Maximum Drawdown
AEYXX	0.00	0.00	0.00	0.00	0.00
HUCXX	0.00	0.00	0.00	0.00	0.00
ELMXX	0.00	0.00	0.00	0.00	0.00
JRSXX	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.01	3.76	0.03	0.03
PFCXX	0.00	0.00	0.00	0.00	0.00
JHMXX	0.00	0.00	0.00	0.00	0.00

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