Intermediate Bond Correlations

Mutual Funds . USA . 
Fund . Intermediate Bond Fund
RBOGX Fund  USD 12.71  0.02  0.16%   
The current 90-days correlation between Intermediate Bond and New World Fund is -0.01 (i.e., Good diversification). The correlation of Intermediate Bond 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 Bond Correlation With Market

Significant diversification

The correlation between Intermediate Bond Fund and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Intermediate 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 census.

Moving together with Intermediate Mutual Fund

  0.76RNEBX New World FundPairCorr
  0.85RNCCX American Funds IncomePairCorr
  0.94FPPPX American Funds PresePairCorr
  0.83AMEFX Income FundPairCorr
  0.81RNGGX New Economy FundPairCorr
  0.81RNGFX New Economy FundPairCorr
  0.81RNGHX New Economy FundPairCorr
  0.81RNGBX New Economy FundPairCorr
  0.81RNGAX New Economy FundPairCorr
  0.81RNGEX New Economy FundPairCorr
  0.81RNGCX New Economy FundPairCorr
  0.79TEAFX Tax Exempt BondPairCorr
  0.85FPTPX American Funds ConsePairCorr
  0.67TEFEX Tax Exempt FundPairCorr
  0.71RNNEX New Economy FundPairCorr
  0.76CDJAX American Funds CollegePairCorr
  0.75RNPBX New PerspectivePairCorr
  0.75RNPAX New PerspectivePairCorr
  0.76RNPHX New PerspectivePairCorr
  0.76RNPGX New PerspectivePairCorr
  0.76RNPCX New PerspectivePairCorr
  0.76RNPFX New PerspectivePairCorr
  0.76RNPEX New PerspectivePairCorr
  0.83AMRFX American MutualPairCorr
  0.84RNRPX American Funds RetirementPairCorr
  0.76RNWFX New World FundPairCorr
  0.76RNWEX New World FundPairCorr
  0.76RNWHX New World FundPairCorr
  0.76RNWGX New World FundPairCorr
  0.76RNWBX New World FundPairCorr
  0.76RNWAX New World FundPairCorr
  0.76RNWCX New World FundPairCorr
  0.63CDWEX American Funds DevelopingPairCorr
  0.64CDWFX American Funds DevelopingPairCorr
  0.62CDWCX American Funds DevelopingPairCorr
  0.64CDWAX American Funds DevelopingPairCorr
  0.79ANBGX American Funds StrategicPairCorr
  0.96CEAMX Short Term BondPairCorr
  0.76TFEBX Tax Exempt BondPairCorr
  0.94SBFFX Short Term BondPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate Bond 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 Bond'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNEBX  0.63  0.14  0.17  0.30  0.27 
(0.74)
 1.46 
(1.01)
 6.57 
RNCCX  0.29  0.04 (0.05) 0.22  0.00 
(0.36)
 0.51 
(0.50)
 2.36 
FPPPX  0.07  0.00 (0.78)(0.02) 0.00 
(0.12)
 0.11 
(0.11)
 0.32 
AMEFX  0.45  0.14  0.20  0.41  0.00 
(0.57)
 0.76 
(0.64)
 7.35 
RNGGX  0.91  0.26  0.18  0.48  0.77 
(0.96)
 1.82 
(2.06)
 12.13 
RNGFX  0.90  0.26  0.17  0.48  0.77 
(0.96)
 1.81 
(2.06)
 12.04 
RNGHX  0.91  0.26  0.18  0.49  0.77 
(0.96)
 1.81 
(2.06)
 12.34 
RNGBX  0.95  0.30  0.20  0.59  0.73 
(1.01)
 1.82 
(2.05)
 14.77 
RNGAX  0.95  0.30  0.20  0.60  0.73 
(1.02)
 1.82 
(2.05)
 14.91 
RNGEX  0.91  0.26  0.18  0.49  0.77 
(0.97)
 1.82 
(2.07)
 12.46 

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