Shenkman Short Correlations

Mutual Funds . USA . 
Fund . Shenkman Short Duration
SCFAX Fund  USD 9.91  0.02  0.20%   
The current 90-days correlation between Shenkman Short Duration and Shenkman Short Duration is -0.01 (i.e., Good diversification). The correlation of Shenkman Short 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.

Shenkman Short Correlation With Market

Very good diversification

The correlation between Shenkman Short Duration and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shenkman Short Duration 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 Shenkman Short Duration. 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 Shenkman Mutual Fund

  0.99SCFCX Shenkman Short DurationPairCorr
  0.99SCFIX Shenkman Short DurationPairCorr
  0.99SCFFX Shenkman Short DurationPairCorr
  0.98SFHFX Shenkman Floating RatePairCorr
  0.98SFHIX Shenkman Floating RatePairCorr
  0.98VWEAX Vanguard High YieldPairCorr
  0.98VWEHX Vanguard High YieldPairCorr
  0.99BHYCX Blackrock Hi YldPairCorr
  0.99BHYIX Blackrock High YieldPairCorr
  0.99BHYSX Blackrock Hi YldPairCorr
  0.99BHYAX Blackrock High YieldPairCorr
  0.96FAHHX American Funds AmericanPairCorr
  0.96FTAHX American Funds AmericanPairCorr
  0.96AHTFX American High IncomePairCorr
  0.96AHTCX American High IncomePairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.65AVSFX Avantis Short TermPairCorr
  0.98PGRNX Pax Global EnvironmentalPairCorr
  0.99FIHFX Fidelity Freedom IndexPairCorr
  0.98TAGGX Goldman Sachs TaxPairCorr
  0.97TWCAX Select Fund APairCorr
  0.96TWCCX Ultra Fund CPairCorr
  0.97IHOSX Hartford InternaPairCorr
  0.65VBTIX Vanguard Total BondPairCorr
  0.96SLPSX Small Cap ProfundPairCorr
  0.65VBMPX Vanguard Total BondPairCorr
  0.98ONRDX Oppenheimer RisingPairCorr
  0.89PIINX Pimco IncomePairCorr
  0.87PONRX Pimco IncomePairCorr
  0.88PONAX Pimco IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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