Bond Fund Correlations

Mutual Funds . USA . 
Fund . Bond Fund Of
CFAEX Fund  USD 11.55  0.03  0.26%   
The current 90-days correlation between Bond Fund and Qs Defensive Growth is 0.24 (i.e., Modest diversification). The correlation of Bond Fund 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.

Bond Fund Correlation With Market

Average diversification

The correlation between Bond Fund Of 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 Bond Fund Of 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 Bond Fund Of. 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 Bond Mutual Fund

  0.87AMECX Income FundPairCorr
  0.86RNEBX New World FundPairCorr
  0.82AMFCX American MutualPairCorr
  0.82AMFFX American MutualPairCorr
  0.92RNCCX American Funds IncomePairCorr
  0.98FPPPX American Funds PresePairCorr
  0.89AMEFX Income FundPairCorr
  0.89RNGGX New Economy FundPairCorr
  0.89RNGFX New Economy FundPairCorr
  0.89RNGHX New Economy FundPairCorr
  0.89RNGBX New Economy FundPairCorr
  0.89RNGAX New Economy FundPairCorr
  0.89RNGEX New Economy FundPairCorr
  0.89RNGCX New Economy FundPairCorr
  0.92AMHIX American High IncomePairCorr
  0.94TEBCX Tax Exempt BondPairCorr
  0.95TECCX Tax Exempt FundPairCorr
  0.95TEAFX Tax Exempt BondPairCorr
  0.92FPTPX American Funds ConsePairCorr
  0.95TECFX Tax Exempt FundPairCorr
  0.95TEFEX Tax Exempt FundPairCorr
  0.89RNNEX New Economy FundPairCorr
  0.88CDJAX American Funds CollegePairCorr
  0.87AMPCX Amcap Fund ClassPairCorr
  0.87AMPFX Amcap Fund ClassPairCorr
  0.86RNPBX New PerspectivePairCorr
  0.86RNPAX New PerspectivePairCorr
  0.87RNPHX New PerspectivePairCorr
  0.87RNPGX New PerspectivePairCorr
  0.86RNPCX New PerspectivePairCorr
  0.87RNPFX New PerspectivePairCorr
  0.86RNPEX New PerspectivePairCorr
  0.79AMRMX American MutualPairCorr
  0.83AMRFX American MutualPairCorr
  0.93RNRPX American Funds RetirementPairCorr
  1.0AMUSX Us Government SecuritiesPairCorr
  0.96TEPCX American Funds TaxPairCorr
  0.96TEPAX American Funds TaxPairCorr
  0.97TEPFX American Funds TaxPairCorr
  0.87RNWFX New World FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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