Short-term Bond Correlations

Mutual Funds . USA . 
Fund . Short Term Bond Fund
SBFFX Fund  USD 9.59  0.01  0.10%   
The current 90-days correlation between Short Term Bond and Valic Company I is 0.02 (i.e., Significant diversification). The correlation of Short-term 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.

Short-term Bond Correlation With Market

Good diversification

The correlation between Short Term Bond Fund and DJI is -0.12 (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 World Market Map 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 census.

Moving together with Short-term Mutual Fund

  0.81AMECX Income FundPairCorr
  0.82AMFCX American MutualPairCorr
  0.82AMFFX American MutualPairCorr
  0.86RNCCX American Funds IncomePairCorr
  0.95FPPPX American Funds PresePairCorr
  0.84AMEFX Income FundPairCorr
  0.82RNGHX New Economy FundPairCorr
  0.7AMHIX American High IncomePairCorr
  0.64TEBCX Tax Exempt BondPairCorr
  0.72TEAFX Tax Exempt BondPairCorr
  0.86FPTPX American Funds ConsePairCorr
  0.79AMPCX Amcap Fund ClassPairCorr
  0.8AMPFX Amcap Fund ClassPairCorr
  0.78RNPBX New PerspectivePairCorr
  0.78RNPAX New PerspectivePairCorr
  0.78RNPHX New PerspectivePairCorr
  0.78RNPGX New PerspectivePairCorr
  0.78RNPFX New PerspectivePairCorr
  0.78RNPEX New PerspectivePairCorr
  0.81AMRMX American MutualPairCorr
  0.82AMRFX American MutualPairCorr
  0.74AMUSX Us Government SecuritiesPairCorr
  0.87TEPCX American Funds TaxPairCorr
  0.88TEPFX American Funds TaxPairCorr
  0.8RNWGX New World FundPairCorr
  0.82CDWEX American Funds DevelopingPairCorr
  0.82CDWCX American Funds DevelopingPairCorr
  0.8CDWAX American Funds DevelopingPairCorr
  0.81ANBEX American Funds StrategicPairCorr
  0.8ANBGX American Funds StrategicPairCorr
  0.81ANBFX American Funds StrategicPairCorr
  0.76ANCFX American Funds FundaPairCorr
  0.82ANEFX New Economy FundPairCorr
  0.82ANFFX New Economy FundPairCorr
  0.78NPFCX New PerspectivePairCorr
  0.78NPFFX New PerspectivePairCorr
  0.72TFEBX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short-term Mutual Fund performing well and Short-term 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 Short-term 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.

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