Short Duration Correlations

APISX Fund

USD 10.78 0.02 0.19%

The current 90-days correlation between Short Duration Inflation and William Blair Small is 0.25 (i.e., Modest diversification). The correlation of Short Duration 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 Duration Correlation With Market

Average diversification

The correlation between Short Duration Inflation and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Duration Inflation 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 Short Duration Inflation. 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.

Related Correlations Analysis

	WBVNX	PCSVX	GSXPX	FCPVX	JISCX	VVSCX	HRVIX
WBVNX		0.93	0.87	0.88	0.73	0.87	0.82	WBVNX
PCSVX	0.93		0.81	0.79	0.65	0.72	0.96	PCSVX
GSXPX	0.87	0.81		0.85	0.65	0.94	0.77	GSXPX
FCPVX	0.88	0.79	0.85		0.71	0.87	0.73	FCPVX
JISCX	0.73	0.65	0.65	0.71		0.63	0.54	JISCX
VVSCX	0.87	0.72	0.94	0.87	0.63		0.64	VVSCX
HRVIX	0.82	0.96	0.77	0.73	0.54	0.64		HRVIX
	WBVNX	PCSVX	GSXPX	FCPVX	JISCX	VVSCX	HRVIX

Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Duration 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 Duration'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
WBVNX	0.75	(0.03)	(0.02)	0.04	0.97	(0.81)	1.79	(1.63)	4.75
PCSVX	0.78	(0.07)	(0.06)	0.01	0.96	(0.88)	1.72	(1.32)	4.40
GSXPX	0.94	(0.05)	(0.03)	0.03	1.16	(1.02)	2.19	(1.88)	5.75
FCPVX	0.82	0.07	0.06	0.14	0.85	(0.96)	1.88	(1.67)	8.06
JISCX	0.78	0.02	(0.03)	0.20	1.06	(0.82)	1.75	(1.72)	5.83
VVSCX	0.88	0.02	0.03	0.08	0.99	(0.99)	2.14	(1.93)	5.04
HRVIX	0.79	(0.08)	(0.06)	(0.01)	1.09	(0.80)	1.89	(1.50)	4.52

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Short Duration Correlations

Short Duration Correlation With Market

Average diversification

Related Correlations Analysis

Risk-Adjusted Indicators

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