Inflation Protected Correlations

Mutual Funds . USA . 
Fund . Inflation Protected Bond Fund
IPBCX Fund  USD 10.32  0.01  0.1%   
The current 90-days correlation between Inflation Protected and Fa 529 Aggressive is 0.64 (i.e., 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 0.6 (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 main economic indicators.

Moving together with Inflation Mutual Fund

  0.93SADAX Wells Fargo UltraPairCorr
  0.92SADIX Wells Fargo UltraPairCorr
  0.95EMGYX Wells Fargo EmergingPairCorr
  0.95EMGNX Wells Fargo EmergingPairCorr
  0.94EMGCX Wells Fargo EmergingPairCorr
  0.92SSHIX Wells Fargo ShortPairCorr
  0.95SSTHX Wells Fargo ShortPairCorr
  0.91SSTVX Wells Fargo ShortPairCorr
  0.92WSCGX Small Pany GrowthPairCorr
  0.92WSCOX Wells Fargo AdvantagePairCorr
  0.79WSBIX Short Term MunicipalPairCorr
  0.92STAFX Wells Fargo LargePairCorr
  0.73WSGIX Wells Fargo ShortPairCorr
  0.92STDFX Wells Fargo LargePairCorr
  0.88WSIAX Wells Fargo StrategicPairCorr
  0.88WSIDX Wells Fargo StrategicPairCorr
  0.88WSICX Wells Fargo StrategicPairCorr
  0.89WSINX Wells Fargo StrategicPairCorr
  0.91WSMCX Small Pany GrowthPairCorr
  0.77WSSCX Short Term MunicipalPairCorr
  0.79WSTMX Short Term MunicipalPairCorr
  0.92STOFX Wells Fargo LargePairCorr
  0.92STNFX Wells Fargo LargePairCorr
  0.89STSAX Wells Fargo MonPairCorr
  0.68STRIX Wells Fargo AdvantagePairCorr
  0.95STYIX Wells Fargo ShortPairCorr
  0.89SCNSX Wells Fargo MonPairCorr
  0.91SCSDX Wells Fargo MonPairCorr

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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