Bond Fund Correlations

APBDX Fund

USD 8.62 0.02 0.23%

The current 90-days correlation between Bond Fund Investor and Cavanal Hill Hedged is -0.03 (i.e., Good diversification). The correlation of Bond Fund 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.

Bond Fund Correlation With Market

Significant diversification

The correlation between Bond Fund Investor 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 Bond Fund Investor 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 Bond Fund Investor. 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 banks.

Moving together with Bond Mutual Fund

1.0	APENX	Strategic Enhanced Yield	Pair Corr
0.77	APLIX	Cavanal Hill Hedged	Pair Corr
0.91	APSTX	Limited Duration	Pair Corr
0.85	APUSX	Cavanal Hill Ultra	Pair Corr
0.7	APWEX	World Energy	Pair Corr
0.96	AABOX	Bond Fund Class	Pair Corr
0.99	AAENX	Strategic Enhanced Yield	Pair Corr
0.78	AALIX	Astonherndon Large Cap	Pair Corr
0.93	AASTX	Limited Duration	Pair Corr
0.84	AAUSX	Cavanal Hill Ultra	Pair Corr
0.7	AAWEX	World Energy	Pair Corr
0.69	ACWEX	World Energy	Pair Corr
1.0	AIBNX	Bond Fund Institutional	Pair Corr
1.0	AIENX	Strategic Enhanced Yield	Pair Corr
0.78	AILIX	Cavanal Hill Hedged	Pair Corr
0.91	AISTX	Limited Duration	Pair Corr
0.78	AIUSX	Cavanal Hillultra Short	Pair Corr
0.7	AIWEX	World Energy	Pair Corr
0.96	VBTLX	Vanguard Total Bond	Pair Corr
0.99	VBMFX	Vanguard Total Bond	Pair Corr
0.99	VBTIX	Vanguard Total Bond	Pair Corr
0.99	VTBSX	Vanguard Total Bond	Pair Corr
0.99	VTBIX	Vanguard Total Bond	Pair Corr
0.99	VTBNX	Vanguard Total Bond	Pair Corr
0.99	FBOFX	American Funds	Pair Corr
1.0	FFBOX	American Funds	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
0.98	GPBFX	Gmo E Plus	Pair Corr
0.75	GPMFX	Guidepath Managed Futures	Pair Corr
0.87	PQTAX	Pimco Trends Managed	Pair Corr
0.87	PQTNX	Pimco Trends Managed	Pair Corr
0.87	PQTIX	Aa Pimco Tr	Pair Corr
0.87	WARCX	Wells Fargo Advantage	Pair Corr
0.62	LFRIX	Floating Rate	Pair Corr
0.78	TBDQX	Pgim Jennison Diversified	Pair Corr
0.98	SDGIX	Dreyfusstandish Global	Pair Corr

Related Correlations Analysis

	APBDX	APLIX	APSTX	APUSX	APWEX	AIBNX	AIENX	AILIX	AISTX
APBDX		0.77	0.91	0.85	0.7	1.0	1.0	0.78	0.91	APBDX
APLIX	0.77		0.75	0.72	0.84	0.77	0.8	1.0	0.74	APLIX
APSTX	0.91	0.75		0.94	0.67	0.9	0.91	0.75	0.98	APSTX
APUSX	0.85	0.72	0.94		0.7	0.84	0.85	0.72	0.94	APUSX
APWEX	0.7	0.84	0.67	0.7		0.7	0.74	0.84	0.67	APWEX
AIBNX	1.0	0.77	0.9	0.84	0.7		0.99	0.77	0.91	AIBNX
AIENX	1.0	0.8	0.91	0.85	0.74	0.99		0.8	0.92	AIENX
AILIX	0.78	1.0	0.75	0.72	0.84	0.77	0.8		0.74	AILIX
AISTX	0.91	0.74	0.98	0.94	0.67	0.91	0.92	0.74		AISTX
	APBDX	APLIX	APSTX	APUSX	APWEX	AIBNX	AIENX	AILIX	AISTX

Risk-Adjusted Indicators

There is a big difference between Bond Mutual Fund performing well and Bond Fund 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 Bond Fund'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
APBDX	0.18	0.03	(0.05)	12.79	0.00	(0.23)	0.36	(0.35)	0.94
APLIX	0.41	0.02	0.02	0.07	0.52	(0.45)	1.06	(0.83)	3.40
APSTX	0.09	0.02	(0.23)	(10.70)	0.00	(0.16)	0.22	(0.11)	0.54
APUSX	0.03	0.00	0.00	(0.22)	0.00	0.00	0.10	0.00	0.40
APWEX	0.82	0.06	0.04	0.12	1.07	(0.83)	1.98	(1.63)	5.58
AIBNX	0.17	0.03	(0.05)	1.83	0.00	(0.23)	0.36	(0.23)	0.94
AIENX	0.17	0.03	(0.04)	1.52	0.00	(0.23)	0.34	(0.23)	0.80
AILIX	0.41	0.02	0.02	0.07	0.49	(0.47)	1.06	(0.83)	3.41
AISTX	0.10	0.02	(0.20)	(2.93)	0.00	(0.15)	0.22	(0.11)	0.54

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Bond Fund Correlations

Bond Fund Correlation With Market

Significant diversification

Moving together with Bond Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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