Medium Duration Correlations

Mutual Funds USA . 
Fund . Medium Duration Bond Investor
GMDZX Fund  USD 12.65  0.06  0.47%   
The current 90-days correlation between Medium Duration Bond and Value Equity Investor is 0.21 (i.e., Modest diversification). The correlation of Medium Duration 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.

Medium Duration Correlation With Market

Good diversification

The correlation between Medium Duration Bond Investor 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 Medium Duration Bond Investor and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Medium Duration Bond Investor. 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 nation.

Moving together with Medium Mutual Fund

  0.73GDMZX Defensive Market StrPairCorr
  0.62GVEYX Value Equity InstituPairCorr
  0.82GVEZX Value Equity InvestorPairCorr
  0.68GVIYX Guidestone Value EquityPairCorr
  0.68GVIZX Guidestone Value EquityPairCorr
  0.7GEIYX Guidestone Growth EquityPairCorr
  0.7GEIZX Guidestone Growth EquityPairCorr
  0.72GEMYX Emerging Markets EquityPairCorr
  0.73GEMZX Emerging Markets EquityPairCorr
  0.82GFIZX Conservative AllocationPairCorr
  0.96GGBEX Global Bond FundPairCorr
  0.95GGBFX Global Bond FundPairCorr
  0.71GGEYX Guidestone Fds GrowthPairCorr
  0.71GGEZX Growth Equity InvestorPairCorr
  0.77GGIZX Balanced AllocationPairCorr
  0.68GIIYX International EquityPairCorr
  0.94GLDYX Low Duration BondPairCorr
  0.95GLDZX Low Duration BondPairCorr
  0.8GMDYX Medium Duration BondPairCorr
  0.9GMBYX Guidestone FundsPairCorr
  0.88GMBZX Guidestone FundsPairCorr
  0.72GMFZX Mydestination 2045PairCorr
  0.7GMEYX Guidestone Funds ImpactPairCorr
  0.7GMEZX Guidestone Funds ImpactPairCorr
  0.75GMHYX Mydestination 2035PairCorr
  0.75GMHZX Mydestination 2035PairCorr
  0.72GMGYX Mydestination 2055PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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