Intermediate-term Correlations

UITBX Fund

USD 9.32 0.01 0.11%

The current 90-days correlation between Intermediate Term Bond and Rbb Fund is 0.14 (i.e., Average diversification). The correlation of Intermediate-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.

Intermediate-term Correlation With Market

Significant diversification

The correlation between Intermediate Term Bond Fund and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate 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 Intermediate 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 bureau of labor statistics.

Moving together with Intermediate-term Mutual Fund

0.99	UINCX	Income Fund Income	Pair Corr
0.82	UINQX	Usaa Nasdaq 100	Pair Corr
0.86	SRVEX	Victory Diversified Stock	Pair Corr
1.0	UITCX	Usaa Intermediate Term	Pair Corr
0.96	UITIX	Usaa Tax Exempt	Pair Corr
0.96	GUTEX	Victory Tax Exempt	Pair Corr
0.95	ULTIX	Usaa Tax Exempt	Pair Corr
0.86	MNNAX	Victory Munder Multi	Pair Corr
0.97	IPFIX	Victory Incore	Pair Corr
0.96	RSDYX	Victory Incore Low	Pair Corr
0.86	RSEGX	Victory Rs Small	Pair Corr
0.76	RSDGX	Victory Rs Select	Pair Corr
0.87	RSGGX	Victory Rs Global	Pair Corr
0.76	RSGFX	Victory Rs Select	Pair Corr
0.83	RSGRX	Victory Rs Growth	Pair Corr
0.63	RSFCX	Victory Floating Rate	Pair Corr
0.69	RSFMX	Victory Floating Rate	Pair Corr
0.65	RSFLX	Victory Floating Rate	Pair Corr
0.89	RSIFX	Victory Rs Science	Pair Corr
0.65	RSIGX	Victory Rs International	Pair Corr
0.82	RSNRX	Victory Global Natural	Pair Corr
0.82	RSNYX	Victory Global Natural	Pair Corr
0.77	RSSYX	Victory Rs Select	Pair Corr
0.96	RSTYX	Victory Tax Exempt	Pair Corr

Moving against Intermediate-term Mutual Fund

0.36	RSPFX	Victory Rs Partners	Pair Corr
0.36	RSPMX	Victory Rs Partners	Pair Corr
0.35	RSPYX	Victory Rs Partners	Pair Corr

Related Correlations Analysis

	OPTCX	GMLVX	AUERX	WABMSX	VFSTX	AUUIX	BXDCX	NQQQX
OPTCX		0.92	0.91	0.95	0.86	0.95	0.88	0.88	OPTCX
GMLVX	0.92		0.76	0.98	0.81	0.95	0.82	0.97	GMLVX
AUERX	0.91	0.76		0.81	0.86	0.81	0.9	0.69	AUERX
WABMSX	0.95	0.98	0.81		0.82	0.98	0.83	0.96	WABMSX
VFSTX	0.86	0.81	0.86	0.82		0.78	0.99	0.74	VFSTX
AUUIX	0.95	0.95	0.81	0.98	0.78		0.8	0.96	AUUIX
BXDCX	0.88	0.82	0.9	0.83	0.99	0.8		0.75	BXDCX
NQQQX	0.88	0.97	0.69	0.96	0.74	0.96	0.75		NQQQX
	OPTCX	GMLVX	AUERX	WABMSX	VFSTX	AUUIX	BXDCX	NQQQX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OPTCX	0.18	0.00	(0.33)	0.08	0.00	(0.25)	0.41	(0.20)	1.53
GMLVX	0.62	0.05	0.03	0.16	0.70	(0.71)	1.29	(0.83)	4.57
AUERX	0.76	0.08	0.08	0.16	0.78	(0.87)	2.21	(1.65)	5.50
WABMSX	0.44	(0.02)	(0.04)	0.07	0.56	(0.47)	0.93	(0.75)	3.94
VFSTX	0.09	0.00	(0.67)	0.16	0.00	(0.15)	0.19	(0.19)	0.76
AUUIX	0.42	0.00	(0.02)	0.09	0.52	(0.44)	1.01	(0.76)	3.77
BXDCX	0.06	0.00	(0.81)	0.32	0.00	(0.13)	0.11	(0.11)	0.43
NQQQX	0.70	0.00	0.01	0.09	0.95	(0.70)	1.35	(1.46)	5.05

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