Intermediate Government Correlations

Mutual Funds . USA . 
Fund . Intermediate Government Bond
DPIGX Fund  USD 9.56  0.02  0.21%   
The current 90-days correlation between Intermediate Government and Ab Bond Inflation is 0.65 (i.e., Poor diversification). The correlation of Intermediate Government 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 Government Correlation With Market

Significant diversification

The correlation between Intermediate Government Bond 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 Government Bond and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Intermediate Government Bond. 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 rate.

Moving together with Intermediate Mutual Fund

  0.85NTFIX North Carolina TaxPairCorr
  0.86KYTFX Kentucky Tax FreePairCorr
  0.82TNTIX Tennessee Tax FreePairCorr
  0.83DUALX Alabama Tax FreePairCorr
  0.86DUMSX Mississippi Tax FreePairCorr
  0.96DUTMX Taxable Municipal BondPairCorr
  0.99VFIRX Vanguard Short TermPairCorr
  0.99VFISX Vanguard Short TermPairCorr
  0.99VSGBX Vanguard Short TermPairCorr
  0.97VSBIX Vanguard Short TermPairCorr
  0.99VSGDX Vanguard Short TermPairCorr
  0.99FUMBX Fidelity Short TermPairCorr
  0.95ECLDX Eaton Vance ShortPairCorr
  0.95EALDX Eaton Vance ShortPairCorr
  0.95EILDX Eaton Vance ShortPairCorr
  0.94EASDX Eaton Vance ShortPairCorr
  0.65SMPSX Semiconductor UltrasectorPairCorr
  0.65SMPIX Semiconductor UltrasectorPairCorr
  0.61RSNRX Victory Global Natural Steady GrowthPairCorr
  0.61RSNYX Victory Global Natural Steady GrowthPairCorr
  0.79DAEMX Dunham Emerging MarketsPairCorr
  0.9PDEDX Prudential Day OnePairCorr
  0.79VTSIX Vanguard Tax ManagedPairCorr
  0.89PALLX Allianzgi Global AllPairCorr
  0.94TRBUX T Rowe PricePairCorr
  0.91BNCAX Sterling Capital NorthPairCorr
  0.99VFITX Vanguard Intermediate-terPairCorr
  0.91FFRLX Federated Floating RatePairCorr
  0.97VMBSX Vanguard Mortgage-backedPairCorr
  0.82HGLB Highland Global AlloPairCorr
  0.95TSDAX Touchstone Ultra ShortPairCorr
  0.63TRPSX Tiaa Cref SocialPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate Government 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 Government'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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