High Yield Correlations

Mutual Funds . USA . 
Fund . High Yield Fund
THYAX Fund  USD 7.52  0.03  0.40%   
The current 90-days correlation between High Yield Fund and Delaware Emerging Markets is 0.19 (i.e., Average 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 -0.2 (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

  0.84TVOYX Touchstone Small CapPairCorr
  0.88TEGCX Touchstone Sands CapitalPairCorr
  0.76TEGAX Mid Cap GrowthPairCorr
  0.74TEGIX Mid Cap GrowthPairCorr
  0.74TEGYX Mid Cap GrowthPairCorr
  0.89SAGWX Sentinel Small PanyPairCorr
  0.87TEQCX Touchstone SustainabilityPairCorr
  0.87TEQAX Touchstone SustainabilityPairCorr
  0.88SSCOX Sentinel Small PanyPairCorr
  0.89TFCCX Touchstone Large CapPairCorr
  0.86SSRRX Sentinel SmallPairCorr
  0.95TFFCX Touchstone FocusedPairCorr
  0.76TFGRX Touchstone Mid CapPairCorr
  0.95TFFIX Touchstone FocusedPairCorr
  0.9SSSGX Sentinel Low DurationPairCorr
  0.95TFFYX Touchstone FocusedPairCorr
  0.97SBACX Sentinel BalancedPairCorr
  0.95FRACX Touchstone FlexiblePairCorr
  0.96TFOAX Touchstone FocusedPairCorr
  0.96TFSLX Touchstone FlexiblePairCorr
  0.93CFSIX Touchstone Sands CapitalPairCorr
  0.96TGVCX Growth OpportunitiesPairCorr
  0.96TGVFX Growth OpportunitiesPairCorr
  0.95TGVYX Growth OpportunitiesPairCorr
  0.95TGVVX Growth OpportunitiesPairCorr
  0.96SCRLX Sentinel Mon StockPairCorr
  0.96SCSCX Sentinel Mon StockPairCorr
  0.99THIYX High Yield FundPairCorr
  0.99THYCX High Yield FundPairCorr
  0.98THYYX High Yield FundPairCorr
  0.87TICSX Touchstone Small PanyPairCorr
  0.98SEBLX Sentinel BalancedPairCorr
  0.94TIMPX Touchstone FundsPairCorr
  0.87TIQIX Touchstone SustainabilityPairCorr
  0.96SENCX Sentinel Mon StockPairCorr
  0.95SWFCX Sentinel InternationalPairCorr
  0.96SWRLX Sentinel InternationalPairCorr
  0.93CISGX Touchstone Sands CapitalPairCorr
  0.88TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis


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.

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