Short Term Correlations

Mutual Funds USA . 
Fund . Short Term Income Fund
STCCX Fund  USD 12.10  0.01  0.08%   
The current 90-days correlation between Short Term Income and Matson Money Equity is -0.1 (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

Significant diversification

The correlation between Short Term Income Fund and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Income 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 Income 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 Short Mutual Fund

  0.89SABPX Strategic Asset ManaPairCorr
  0.87SACAX Strategic Asset ManaPairCorr
  0.88SAGPX Strategic Asset ManaPairCorr
  0.95PFIJX Strategic Asset ManaPairCorr
  0.86PFIEX International EquityPairCorr
  0.95PFIFX Strategic Asset ManaPairCorr
  0.92PFISX International Small PanyPairCorr
  0.95PFIPX Strategic Asset ManaPairCorr
  0.92SAIPX Strategic Asset ManaPairCorr
  0.87PFLJX Principal Lifetime 2050PairCorr
  0.87PFPPX Midcap GrowthPairCorr
  0.66PFRSX Real Estate SecuritiesPairCorr
  0.95SAUPX Strategic Asset ManaPairCorr
  0.95PFUMX Finisterre UnconstrainedPairCorr
  0.95PGBAX Global Diversified IncomePairCorr
  0.95PGBLX Global Diversified IncomePairCorr
  0.84PGBEX Blue Chip FundPairCorr
  0.84PGBGX Blue Chip FundPairCorr
  0.84PGBHX Blue Chip FundPairCorr
  0.95PGDCX Global Diversified IncomePairCorr
  0.95PGDIX Global Diversified IncomePairCorr
  0.9PGDRX Diversified Real AssetPairCorr
  0.93PGLSX Global Multi StrategyPairCorr
  0.87PGRTX Smallcap GrowthPairCorr
  0.83PGRUX Global Real EstatePairCorr
  0.72PGSLX Principal Global SusPairCorr
  0.83PGRKX Global Real EstatePairCorr
  0.87PGWIX Midcap GrowthPairCorr
  0.89SCBPX Strategic Asset ManaPairCorr
  0.92SCIPX Strategic Asset ManaPairCorr
  0.88SCGPX Strategic Asset ManaPairCorr
  0.88PHJEX Principal Lifetime HybridPairCorr
  0.93PHJFX Principal Lifetime HybridPairCorr
  0.88PHJGX Principal Lifetime HybridPairCorr
  0.88PHJBX Principal Lifetime HybridPairCorr
  0.88PHJDX Principal Lifetime HybridPairCorr
  0.9PHJNX Principal Lifetime HybridPairCorr
  0.91PHJQX Principal Lifetime HybridPairCorr
  0.9PHJJX Principal Lifetime HybridPairCorr

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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