High Yield Correlations

Mutual Funds . USA . 
Fund . High Yield Fund
THYAX Fund  USD 7.50  0.01  0.13%   
The current 90-days correlation between High Yield Fund and Elfun Diversified Fund is 0.03 (i.e., Significant diversification). The correlation of High Yield 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.

High Yield Correlation With Market

Good diversification

The correlation between High Yield Fund and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding High Yield Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in High Yield 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 nation.

Moving together with High Mutual Fund

  0.63TVOYX Touchstone Small CapPairCorr
  0.64TEGCX Touchstone Sands CapitalPairCorr
  0.61TEGAX Mid Cap GrowthPairCorr
  0.61TEGIX Mid Cap GrowthPairCorr
  0.61TEGYX Mid Cap GrowthPairCorr
  0.64SAGWX Sentinel Small PanyPairCorr
  0.69TEQCX Touchstone SustainabilityPairCorr
  0.69TEQAX Touchstone SustainabilityPairCorr
  0.7SSCOX Sentinel Small PanyPairCorr
  0.93TFCCX Touchstone Large CapPairCorr
  0.95SSRRX Sentinel SmallPairCorr
  0.98TFFCX Touchstone FocusedPairCorr
  0.96TFGRX Touchstone Mid CapPairCorr
  0.98TFFIX Touchstone FocusedPairCorr
  0.93SSSGX Sentinel Low DurationPairCorr
  0.98TFFYX Touchstone FocusedPairCorr
  0.84FRACX Touchstone FlexiblePairCorr
  0.89TFSLX Touchstone FlexiblePairCorr
  0.97CFSIX Touchstone Sands CapitalPairCorr
  0.98TGVCX Growth OpportunitiesPairCorr
  0.98TGVFX Growth OpportunitiesPairCorr
  0.98TGVYX Growth OpportunitiesPairCorr
  0.98TGVVX Growth OpportunitiesPairCorr
  0.98SCRLX Sentinel Mon StockPairCorr
  0.98SCSCX Sentinel Mon StockPairCorr
  0.99THIYX High Yield FundPairCorr
  0.99THYCX High Yield FundPairCorr
  0.99THYYX High Yield FundPairCorr
  0.93TICSX Touchstone Small PanyPairCorr
  0.98SEBLX Sentinel BalancedPairCorr
  0.95TIQIX Touchstone SustainabilityPairCorr
  0.7SENCX Sentinel Mon StockPairCorr
  0.98SWFCX Sentinel InternationalPairCorr
  0.74SWRLX Sentinel InternationalPairCorr
  0.71CISGX Touchstone Sands CapitalPairCorr
  0.93TLCIX Touchstone Large CapPairCorr
  0.93TLCYX Touchstone Large CapPairCorr
  0.98TLGYX Touchstone Large PanyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between High Mutual Fund performing well and High Yield 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 High Yield'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY