Short Term Correlations

Mutual Funds . USA . 
Fund . Short Term Bond Fund
RAAEX Fund  USD 9.56  0.01  0.10%   
The current 90-days correlation between Short Term Bond and Blackrock Science Technology is -0.06 (i.e., Good diversification). The correlation of Short Term 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.

Short Term Correlation With Market

Good diversification

The correlation between Short Term Bond Fund and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Short Term 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 income.

Moving together with Short Mutual Fund

  0.74AMECX Income FundPairCorr
  0.75AMFCX American MutualPairCorr
  0.75AMFFX American MutualPairCorr
  0.8RNCCX American Funds IncomePairCorr
  0.96FPPPX American Funds PresePairCorr
  0.77AMEFX Income FundPairCorr
  0.75RNGHX New Economy FundPairCorr
  0.69AMHIX American High IncomePairCorr
  0.64TEBCX Tax Exempt BondPairCorr
  0.67TEAFX Tax Exempt BondPairCorr
  0.8FPTPX American Funds ConsePairCorr
  0.72AMPFX Amcap Fund ClassPairCorr
  0.7RNPGX New PerspectivePairCorr
  0.74AMRMX American MutualPairCorr
  0.75AMRFX American MutualPairCorr
  0.7AMUSX Us Government SecuritiesPairCorr
  0.7TEPCX American Funds TaxPairCorr
  0.83TEPFX American Funds TaxPairCorr
  0.72RNWGX New World FundPairCorr
  0.62CDWEX American Funds DevelopingPairCorr
  0.63CDWCX American Funds DevelopingPairCorr
  0.61CDWAX American Funds DevelopingPairCorr
  0.88ANBEX American Funds StrategicPairCorr
  0.7ANBGX American Funds StrategicPairCorr
  0.71ANBFX American Funds StrategicPairCorr
  0.61ANEFX New Economy FundPairCorr
  0.61ANFFX New Economy FundPairCorr
  0.7NPFFX New PerspectivePairCorr
  0.67TFEBX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Term 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 Short Term'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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