Intermediate Bond Correlations

Mutual Funds . USA . 
Fund . Intermediate Bond Fund
CBOCX Fund  USD 12.56  0.02  0.16%   
The current 90-days correlation between Intermediate Bond and Voya Government Money is 0.2 (i.e., Modest diversification). The correlation of Intermediate Bond 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.

Intermediate Bond Correlation With Market

Good diversification

The correlation between Intermediate Bond Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Bond Fund 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 Intermediate Bond Fund. 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 main economic indicators.

Moving together with Intermediate Mutual Fund

  0.64RNCCX American Funds IncomePairCorr
  0.95FPPPX American Funds PresePairCorr
  0.61AMEFX Income FundPairCorr
  0.62AMHIX American High IncomePairCorr
  0.62TEBCX Tax Exempt BondPairCorr
  0.66TEAFX Tax Exempt BondPairCorr
  0.64FPTPX American Funds ConsePairCorr
  0.96AMUSX Us Government SecuritiesPairCorr
  0.69TEPCX American Funds TaxPairCorr
  0.68TEPFX American Funds TaxPairCorr
  0.96ANBEX American Funds StrategicPairCorr
  0.96ANBGX American Funds StrategicPairCorr
  0.96ANBFX American Funds StrategicPairCorr
  0.66TFEBX Tax Exempt BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate Bond 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 Intermediate Bond'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY