Inflation-protected Correlations

IPBAX Fund

USD 11.07 0.03 0.27%

The current 90-days correlation between Inflation Protected and Guggenheim Managed Futures is 0.82 (i.e., Very poor diversification). The correlation of Inflation-protected 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.

Inflation-protected Correlation With Market

Poor diversification

The correlation between Inflation Protected Bond Fund and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inflation Protected 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 Inflation Protected 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 nation.

Moving together with Inflation-protected Mutual Fund

0.79	DHICX	Wells Fargo Advantage	Pair Corr
0.78	VMPAX	Wells Fargo Advantage	Pair Corr
0.62	SADAX	Wells Fargo Ultra	Pair Corr
0.69	SADIX	Wells Fargo Ultra	Pair Corr
0.87	EMGNX	Wells Fargo Emerging	Pair Corr
0.66	EMGCX	Wells Fargo Emerging	Pair Corr
0.87	EMGAX	Wells Fargo Emerging	Pair Corr
0.8	SSHIX	Wells Fargo Short	Pair Corr
0.98	WABIX	Wells Fargo Advantage	Pair Corr
0.62	SSTHX	Wells Fargo Short	Pair Corr
0.79	SSTVX	Wells Fargo Short	Pair Corr
0.71	WSCOX	Wells Fargo Advantage	Pair Corr
0.99	WARAX	Wells Fargo Advantage	Pair Corr
0.99	WARCX	Wells Fargo Advantage	Pair Corr
0.64	WSGIX	Wells Fargo Short	Pair Corr
0.82	WSIAX	Wells Fargo Strategic	Pair Corr
0.67	WSICX	Wells Fargo Strategic	Pair Corr
0.76	WSINX	Wells Fargo Strategic	Pair Corr
0.68	STYAX	Wells Fargo Income	Pair Corr
0.82	SCTAX	California Tax Free	Pair Corr
0.83	SCTCX	California Tax Free	Pair Corr
0.9	WCAFX	Wealthbuilder Conservative	Pair Corr
0.96	WCCFX	Wealthbuilder Conservative	Pair Corr

Related Correlations Analysis

	RYIFX	LIPNX	MFTFX	LFTAX	ABYCX	HIPAX	SLFYX	GMQPX
RYIFX		0.68	0.94	0.9	0.98	0.72	0.58	0.89	RYIFX
LIPNX	0.68		0.6	0.59	0.69	0.95	0.42	0.59	LIPNX
MFTFX	0.94	0.6		0.9	0.97	0.65	0.62	0.87	MFTFX
LFTAX	0.9	0.59	0.9		0.94	0.67	0.81	0.94	LFTAX
ABYCX	0.98	0.69	0.97	0.94		0.75	0.65	0.93	ABYCX
HIPAX	0.72	0.95	0.65	0.67	0.75		0.53	0.68	HIPAX
SLFYX	0.58	0.42	0.62	0.81	0.65	0.53		0.76	SLFYX
GMQPX	0.89	0.59	0.87	0.94	0.93	0.68	0.76		GMQPX
	RYIFX	LIPNX	MFTFX	LFTAX	ABYCX	HIPAX	SLFYX	GMQPX

Risk-Adjusted Indicators

There is a big difference between Inflation-protected Mutual Fund performing well and Inflation-protected 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 Inflation-protected'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RYIFX	0.57	0.04	0.02	0.11	0.67	(0.61)	1.23	(1.21)	4.42
LIPNX	0.15	0.01	(0.26)	0.49	0.12	(0.18)	0.31	(0.20)	0.92
MFTFX	1.10	0.14	0.10	0.21	1.05	(1.30)	2.80	(1.78)	6.84
LFTAX	0.36	0.09	0.07	0.51	0.26	(0.41)	0.76	(0.66)	2.76
ABYCX	0.38	0.04	0.01	0.19	0.38	(0.46)	0.95	(0.67)	2.57
HIPAX	0.11	0.00	(0.40)	(0.12)	0.08	(0.15)	0.19	(0.19)	0.67
SLFYX	0.20	0.03	(0.11)	1.61	0.00	(0.26)	0.49	(0.36)	0.98
GMQPX	0.36	0.05	0.03	0.18	0.36	(0.41)	0.87	(0.64)	2.28

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Inflation-protected Correlations

Inflation-protected Correlation With Market

Poor diversification

Moving together with Inflation-protected Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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