Shenkman Short Correlations

Mutual Funds . USA . 
Fund . Shenkman Short Duration
SCFCX Fund  USD 9.88  0.01  0.10%   
The current 90-days correlation between Shenkman Short Duration and Shenkman Short Duration is 0.85 (i.e., Very poor 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 weak diversification

The correlation between Shenkman Short Duration and DJI is 0.54 (i.e., Very weak 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 main economic indicators.

Moving together with Shenkman Mutual Fund

  1.0SCFAX Shenkman Short DurationPairCorr
  1.0SCFIX Shenkman Short DurationPairCorr
  1.0SCFFX Shenkman Short DurationPairCorr
  0.98SFHFX Shenkman Floating RatePairCorr
  0.98SFHIX Shenkman Floating RatePairCorr
  0.99VWEAX Vanguard High YieldPairCorr
  0.99VWEHX Vanguard High YieldPairCorr
  0.99BHYCX Blackrock Hi YldPairCorr
  0.99BHYIX Blackrock High YieldPairCorr
  0.99BHYSX Blackrock Hi YldPairCorr
  0.99BHYAX Blackrock High YieldPairCorr
  0.97FAHHX American Funds AmericanPairCorr
  0.97FTAHX American Funds AmericanPairCorr
  0.97AHTFX American High IncomePairCorr
  0.97AHTCX American High IncomePairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.61AVSFX Avantis Short TermPairCorr
  0.98PGRNX Pax Global EnvironmentalPairCorr
  0.99FIHFX Fidelity Freedom IndexPairCorr
  0.98TAGGX Goldman Sachs TaxPairCorr
  0.97TWCAX Select Fund APairCorr
  0.97TWCCX Ultra Fund CPairCorr
  0.97IHOSX Hartford InternaPairCorr
  0.67VBTIX Vanguard Total BondPairCorr
  0.97SLPSX Small Cap ProfundPairCorr
  0.67VBMPX Vanguard Total BondPairCorr
  0.98ONRDX Oppenheimer RisingPairCorr
  0.9PIINX Pimco IncomePairCorr
  0.88PONRX 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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