Enhanced Fixed Correlations

Mutual Funds . USA . 
Fund . Enhanced Fixed Income
AAEZX Fund   10.19  0.02  0.20%   
The current 90-days correlation between Enhanced Fixed Income and Franklin Adjustable Government is -0.05 (i.e., Good diversification). The correlation of Enhanced Fixed 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.

Enhanced Fixed Correlation With Market

Poor diversification

The correlation between Enhanced Fixed Income and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enhanced Fixed Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Enhanced Fixed Income. 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 Enhanced Mutual Fund

  0.98SAAAX Simt Multi AssetPairCorr
  0.97SRWAX Saat Market GrowthPairCorr
  0.71SRYRX Simt Real ReturnPairCorr
  0.95SSCGX Simt Small CapPairCorr
  0.95SSEAX Siit Screened WorldPairCorr
  0.97SSGAX Saat Aggressive StrategyPairCorr
  0.97SASDX Saat Aggressive StrategyPairCorr
  0.93SSMAX Siit Small MidPairCorr
  0.92TFCAX Tax Free ConservativePairCorr
  0.91TFCYX Tax Free ConservativePairCorr
  0.97SSPIX Simt Sp 500PairCorr
  0.97SSTDX Saat Servative StrategyPairCorr
  0.93SBDAX Stet California MunicipalPairCorr
  0.97STDAX Saat Defensive StrategyPairCorr
  0.97ENIAX Siit Opportunistic IncomePairCorr
  0.94STLYX Simt Tax ManagedPairCorr
  0.92STMPX Simt Tax ManagedPairCorr
  0.94STMSX Simt Tax ManagedPairCorr
  0.87STVYX Simt Tax ManagedPairCorr
  0.74SCFYX Simt E FixedPairCorr
  0.98SCMSX Saat E MarketPairCorr
  0.98SCLAX Simt Multi AssetPairCorr
  0.72CFVAX Catholic Values FixedPairCorr
  0.74SCOAX Siit E FixedPairCorr
  0.72CFVYX Catholic Values FixedPairCorr
  0.94SCPAX Siit Large CapPairCorr
  0.72SCXIX Sei Insti MgdPairCorr
  0.94SCYYX Stet California MunicipalPairCorr
  0.94SUMAX Stet Short DurationPairCorr
  0.86SUSYX Simt Managed VolatilityPairCorr
  0.94SUSAX Siit Ultra ShortPairCorr
  0.85SDGFX Sdit Short DurationPairCorr
  0.95SDLAX Siit Dynamic AssetPairCorr
  0.94SVAYX Simt Large CapPairCorr
  0.94SDYAX Simt Dynamic AssetPairCorr
  0.89SVOAX Simt Managed VolatilityPairCorr
  0.95SDYYX Simt Dynamic AssetPairCorr
  0.97SVSAX Saat Servative StrategyPairCorr
  0.97SEAIX Saat Aggressive StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Enhanced Mutual Fund performing well and Enhanced Fixed 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 Enhanced Fixed'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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