Short Term Correlations

Mutual Funds . USA . 
Fund . Short Term Bond Fund
CEAMX Fund  USD 9.56  0.01  0.10%   
The current 90-days correlation between Short Term Bond and Sp Smallcap 600 is 0.01 (i.e., Significant diversification). The correlation of Short Term 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 Term Correlation With Market

Good diversification

The correlation between Short Term 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 Short Term 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 Short Term 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 population.

Moving together with Short Mutual Fund

  0.62RNCCX American Funds IncomePairCorr
  0.82FPPPX American Funds PresePairCorr
  0.73AMEFX Income FundPairCorr
  0.71RNGHX New Economy FundPairCorr
  0.61TEBCX Tax Exempt BondPairCorr
  0.73TEAFX Tax Exempt BondPairCorr
  0.61FPTPX American Funds ConsePairCorr
  0.66AMPCX Amcap Fund ClassPairCorr
  0.73AMPFX Amcap Fund ClassPairCorr
  0.63RNPBX New PerspectivePairCorr
  0.71RNPAX New PerspectivePairCorr
  0.71RNPHX New PerspectivePairCorr
  0.71RNPGX New PerspectivePairCorr
  0.63RNPFX New PerspectivePairCorr
  0.63RNPEX New PerspectivePairCorr
  0.69AMRMX American MutualPairCorr
  0.77AMRFX American MutualPairCorr
  0.84AMUSX Us Government SecuritiesPairCorr
  0.85TEPCX American Funds TaxPairCorr
  0.66TEPFX American Funds TaxPairCorr
  0.77CDWEX American Funds DevelopingPairCorr
  0.71CDWCX American Funds DevelopingPairCorr
  0.69CDWAX American Funds DevelopingPairCorr
  0.81ANBEX American Funds StrategicPairCorr
  0.84ANBGX American Funds StrategicPairCorr
  0.81ANBFX American Funds StrategicPairCorr
  0.68ANCFX American Funds FundaPairCorr
  0.69ANEFX New Economy FundPairCorr
  0.69ANFFX New Economy FundPairCorr
  0.71NPFCX New PerspectivePairCorr
  0.71NPFFX New PerspectivePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Term 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 Term'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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