Inflation Protected Correlations

Mutual Funds . USA . 
Fund . Inflation Protected Bond Fund
IPBAX Fund  USD 10.58  0.01  0.09%   
The current 90-days correlation between Inflation Protected and Transamerica High Yield is 0.11 (i.e., Average 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

Very weak diversification

The correlation between Inflation Protected Bond Fund and DJI is 0.48 (i.e., Very weak 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 Mutual Fund

  0.78DHICX Wells Fargo AdvantagePairCorr
  0.81VMPYX Wells Fargo AdvantagePairCorr
  0.82VMPAX Wells Fargo AdvantagePairCorr
  0.95SADAX Wells Fargo UltraPairCorr
  0.94SADIX Wells Fargo UltraPairCorr
  0.84EMGNX Wells Fargo EmergingPairCorr
  0.84EMGCX Wells Fargo EmergingPairCorr
  0.96EMGAX Wells Fargo EmergingPairCorr
  0.94SSHIX Wells Fargo ShortPairCorr
  0.74WABIX Wells Fargo AdvantagePairCorr
  0.97SSTHX Wells Fargo ShortPairCorr
  0.92WSCGX Small Pany GrowthPairCorr
  0.82WSCOX Wells Fargo AdvantagePairCorr
  0.91WSBIX Short Term MunicipalPairCorr
  0.79WARAX Wells Fargo AdvantagePairCorr
  0.79WARDX Wells Fargo AdvantagePairCorr
  0.75WARCX Wells Fargo AdvantagePairCorr
  0.93STAFX Wells Fargo LargePairCorr
  0.77WSGIX Wells Fargo ShortPairCorr
  0.93STDFX Wells Fargo LargePairCorr
  0.94WSIAX Wells Fargo StrategicPairCorr
  0.94WSIDX Wells Fargo StrategicPairCorr
  0.94WSICX Wells Fargo StrategicPairCorr
  0.95WSINX Wells Fargo StrategicPairCorr
  0.9WSMAX Short Term MunicipalPairCorr
  0.92WSMCX Small Pany GrowthPairCorr
  0.77WSTMX Short Term MunicipalPairCorr
  0.93STOFX Wells Fargo LargePairCorr
  0.91STSAX Wells Fargo MonPairCorr
  0.77STYAX Wells Fargo IncomePairCorr
  0.91SCNSX Wells Fargo MonPairCorr
  0.91SCSDX Wells Fargo MonPairCorr
  0.91SCSAX Wells Fargo MonPairCorr
  0.88SCVIX Small Pany ValuePairCorr
  0.88SCVFX Small Pany ValuePairCorr
  0.9SCTIX California Limited TermPairCorr
  0.88SCVNX Small Pany ValuePairCorr
  0.85WCAFX Wealthbuilder ConservativePairCorr
  0.96WCCFX Wealthbuilder ConservativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Inflation 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.

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