Inflation Linked Correlations

TILUX Fund

USD 8.20 0.01 0.12%

The current 90-days correlation between Inflation Linked Fixed and Asg Managed Futures is 0.11 (i.e., Average diversification). The correlation of Inflation Linked 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.

Inflation Linked Correlation With Market

Good diversification

The correlation between Inflation Linked Fixed Income and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inflation Linked Fixed Income 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 Inflation Linked Fixed Income. 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 employment.

Moving together with Inflation Mutual Fund

0.79	DINDX	Global Fixed Income	Pair Corr
0.8	DINCX	Global Fixed Income	Pair Corr
0.79	DINAX	Global Fixed Income	Pair Corr
0.83	TIIUX	Core Fixed Income	Pair Corr
0.87	MORGX	Morgan Stanley Mortgage	Pair Corr
0.64	MPFDX	Corporate Bond Portfolio	Pair Corr

Moving against Inflation Mutual Fund

0.44	MMCGX	Mid Cap Growth	Pair Corr
0.43	MPAIX	Advantage Portfolio Class	Pair Corr
0.4	MPEGX	Mid Cap Growth	Pair Corr
0.37	MLMAX	Global E Portfolio	Pair Corr
0.37	MLMCX	Global E Portfolio	Pair Corr
0.36	MLMIX	Global E Portfolio	Pair Corr
0.36	MLMSX	Global E Portfolio	Pair Corr
0.34	MLNSX	Global Centrated Por	Pair Corr
0.34	MLNCX	Global Centrated Por	Pair Corr
0.34	MLNAX	Global Centrated Por	Pair Corr
0.34	MLNIX	Global Centrated Por	Pair Corr
0.49	MSCOX	Msif Small Pany	Pair Corr
0.47	MSCMX	Morgan Stanley Multi	Pair Corr
0.44	MACGX	Mid Cap Growth	Pair Corr
0.43	MADSX	Msif Advantage Port	Pair Corr
0.43	MAPPX	Advantage Portfolio Class	Pair Corr
0.43	MAPLX	Advantage Portfolio Class	Pair Corr

Related Correlations Analysis

	AMFAX	LFTAX	NWXNX	PFRMX	ANBIX	WAFAX	EVOIX	FIFGX	FIPRX
AMFAX		-0.34	-0.46	0.02	-0.42	-0.15	0.99	0.85	-0.51	AMFAX
LFTAX	-0.34		0.61	0.75	0.51	0.58	-0.31	-0.07	0.55	LFTAX
NWXNX	-0.46	0.61		0.54	0.89	0.94	-0.4	-0.34	0.89	NWXNX
PFRMX	0.02	0.75	0.54		0.36	0.66	0.03	0.32	0.37	PFRMX
ANBIX	-0.42	0.51	0.89	0.36		0.81	-0.34	-0.35	0.97	ANBIX
WAFAX	-0.15	0.58	0.94	0.66	0.81		-0.1	-0.05	0.79	WAFAX
EVOIX	0.99	-0.31	-0.4	0.03	-0.34	-0.1		0.85	-0.44	EVOIX
FIFGX	0.85	-0.07	-0.34	0.32	-0.35	-0.05	0.85		-0.45	FIFGX
FIPRX	-0.51	0.55	0.89	0.37	0.97	0.79	-0.44	-0.45		FIPRX
	AMFAX	LFTAX	NWXNX	PFRMX	ANBIX	WAFAX	EVOIX	FIFGX	FIPRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EVOIX	+ 0.99	AMFAX
FIPRX	+ 0.97	ANBIX
WAFAX	+ 0.94	NWXNX
ANBIX	+ 0.89	NWXNX
FIPRX	+ 0.89	NWXNX
FIFGX	+ 0.85	AMFAX

High negative correlations

FIPRX	- 0.51	AMFAX
NWXNX	- 0.46	AMFAX
FIPRX	- 0.45	FIFGX
FIPRX	- 0.44	EVOIX
ANBIX	- 0.42	AMFAX
EVOIX	- 0.4	NWXNX

Risk-Adjusted Indicators

There is a big difference between Inflation Mutual Fund performing well and Inflation Linked 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 Inflation Linked'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
AMFAX	0.78	(0.31)	0.00	(2.23)	0.00	0.00	1.10	(1.99)	6.37
LFTAX	0.34	0.00	0.15	(3.97)	0.44	(0.35)	0.61	(0.60)	1.83
NWXNX	0.28	0.00	0.18	0.00	0.35	(0.30)	0.55	(0.55)	1.65
PFRMX	0.35	0.03	0.14	0.17	0.52	(0.39)	0.72	(0.69)	2.69
ANBIX	0.22	0.00	0.17	0.06	0.31	(0.25)	0.48	(0.48)	1.81
WAFAX	0.31	0.00	0.14	0.03	0.44	(0.30)	0.54	(0.54)	2.04
EVOIX	0.42	(0.14)	0.00	(4.80)	0.00	0.00	0.67	(1.07)	2.80
FIFGX	0.87	0.00	0.00	(0.08)	0.00	0.00	1.57	(2.12)	6.19
FIPRX	0.29	0.00	0.15	0.00	0.39	(0.30)	0.61	(0.62)	1.91

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