Intermediate Government Correlations

Mutual Funds . USA . 
Fund . Intermediate Government Bond
DPIGX Fund  USD 9.51  0.01  0.11%   
The current 90-days correlation between Intermediate Government and Alliancebernstein Global Highome is 0.14 (i.e., Average diversification). The correlation of Intermediate Government 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 Government Correlation With Market

Average diversification

The correlation between Intermediate Government Bond and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Government Bond and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Intermediate Government 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 price.

Moving together with Intermediate Mutual Fund

  0.82DUTMX Taxable Municipal BondPairCorr
  0.85EASDX Eaton Vance ShortPairCorr
  0.89VFIRX Vanguard Short TermPairCorr
  0.89VFISX Vanguard Short TermPairCorr
  0.89VSGBX Vanguard Short TermPairCorr
  0.84VSBIX Vanguard Short TermPairCorr
  0.8VSGDX Vanguard Short TermPairCorr
  0.79FUMBX Fidelity Short TermPairCorr
  0.79ECLDX Eaton Vance ShortPairCorr
  0.8EALDX Eaton Vance ShortPairCorr
  0.84EILDX Eaton Vance ShortPairCorr
  0.71VSTSX Vanguard Total StockPairCorr
  0.71VSMPX Vanguard Total StockPairCorr
  0.71VITSX Vanguard Total StockPairCorr
  0.71VFFSX Vanguard 500 IndexPairCorr
  0.71VFIAX Vanguard 500 IndexPairCorr
  0.74VTISX Vanguard Total InterPairCorr
  0.71VINIX Vanguard InstitutionalPairCorr
  0.71VTSAX Vanguard Total StockPairCorr
  0.74ECSIX Eaton Vance ShortPairCorr
  0.64AUNCX Ab Municipal BondPairCorr
  0.61HRISX Harbor InternationalPairCorr
  0.65TRIFX Catalystsmh Total ReturnPairCorr
  0.78FEMDX Franklin Emerging MarketPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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