Intermediate Bond Correlations

Mutual Funds USA . 
Fund . Intermediate Bond Fund
IFBFX Fund  USD 12.58  0.02  0.16%   
The current 90-days correlation between Intermediate Bond and Income Fund Of is -0.05 (i.e., Good 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

Significant diversification

The correlation between Intermediate Bond Fund and DJI is 0.03 (i.e., Significant 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 Risk vs Return Analysis 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 census.

Moving together with Intermediate Mutual Fund

  0.66AMECX Income FundPairCorr
  0.66AMFCX American MutualPairCorr
  0.66AMFFX American MutualPairCorr
  0.73RNCCX American Funds IncomePairCorr
  0.97FPPPX American Funds PresePairCorr
  0.69AMEFX Income FundPairCorr
  0.67RNGHX New Economy FundPairCorr
  0.61AMHIX American High IncomePairCorr
  0.65TEBCX Tax Exempt BondPairCorr
  0.71TEAFX Tax Exempt BondPairCorr
  0.72FPTPX American Funds ConsePairCorr
  0.64AMPCX Amcap Fund ClassPairCorr
  0.65AMPFX Amcap Fund ClassPairCorr
  0.62RNPBX New PerspectivePairCorr
  0.62RNPAX New PerspectivePairCorr
  0.63RNPHX New PerspectivePairCorr
  0.63RNPGX New PerspectivePairCorr
  0.63RNPFX New PerspectivePairCorr
  0.62RNPEX New PerspectivePairCorr
  0.65AMRMX American MutualPairCorr
  0.68AMRFX American MutualPairCorr
  0.83AMUSX Us Government SecuritiesPairCorr
  0.75TEPCX American Funds TaxPairCorr
  0.77TEPFX American Funds TaxPairCorr
  0.64RNWGX New World FundPairCorr
  0.68CDWEX American Funds DevelopingPairCorr
  0.68CDWCX American Funds DevelopingPairCorr
  0.66CDWAX American Funds DevelopingPairCorr
  0.89ANBEX American Funds StrategicPairCorr
  0.88ANBGX American Funds StrategicPairCorr
  0.93ANBFX American Funds StrategicPairCorr
  0.67ANEFX New Economy FundPairCorr
  0.67ANFFX New Economy FundPairCorr
  0.62NPFCX New PerspectivePairCorr
  0.62NPFFX New PerspectivePairCorr
  0.71TFEBX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMECX  0.33  0.14  0.00 (1.76) 0.01 
(0.36)
 0.94 
(0.56)
 2.22 
RNEBX  0.47  0.26  0.21 (7.69) 0.00 
(0.55)
 1.87 
(0.87)
 3.41 
AMFCX  0.51  0.18  0.06 (2.44) 0.45 
(0.61)
 1.52 
(0.83)
 3.61 
AMFFX  0.51  0.18  0.06 (2.52) 0.45 
(0.62)
 1.52 
(0.84)
 3.62 
RNCCX  0.27  0.06 (0.05) 0.31  0.00 
(0.33)
 0.85 
(0.50)
 1.83 
FPPPX  0.13  0.01 (0.58)(0.41) 0.07 
(0.14)
 0.21 
(0.32)
 0.64 
AMEFX  0.33  0.15  0.03 (1.86) 0.00 
(0.39)
 0.94 
(0.53)
 2.24 
RNGGX  0.68  0.32  0.18 (3.79) 0.45 
(0.78)
 2.23 
(1.36)
 5.17 
RNGFX  0.68  0.18  0.17  0.33  0.48 
(0.77)
 2.24 
(1.36)
 5.16 
RNGHX  0.68  0.32  0.18 (3.87) 0.45 
(0.76)
 2.25 
(1.35)
 5.17 

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