Short Term Correlations

Mutual Funds . USA . 
Fund . Short Term Government Fund
TWUSX Fund  USD 9.18  0.01  0.11%   
The current 90-days correlation between Short Term Government and Government Bond Fund is 0.78 (i.e., Poor diversification). The correlation of Short Term 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.

Short Term Correlation With Market

Significant diversification

The correlation between Short Term Government Fund and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Term Government 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 Short Term Government Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Short Mutual Fund

  0.8CDBCX Diversified BondPairCorr
  0.78TWACX Short Term GovernmentPairCorr
  0.71TWCCX Ultra Fund CPairCorr
  0.77ANTMX Nt International SmallPairCorr
  0.73APISX Short Duration InflationPairCorr
  0.86ARCRX One Choice 2030PairCorr
  0.92ARCMX One Choice 2030PairCorr
  0.91ARDRX One Choice 2040PairCorr
  0.86ARDTX One Choice InPairCorr
  0.91ARDSX One Choice 2040PairCorr
  0.91ARDMX One Choice 2040PairCorr
  0.91ARDOX One Choice 2045PairCorr
  0.86ARCSX One Choice 2030PairCorr
  0.92ARCVX One Choice 2030PairCorr
  0.76ARTOX One Choice InPairCorr
  0.71ASERX Select Fund RPairCorr
  0.78BGEIX Global Gold FundPairCorr
  0.77ATTIX One Choice InPairCorr
  0.81ACDOX American Century DivPairCorr
  0.82ACHFX American Century HighPairCorr
  0.72ACOAX Strategic Allocation:PairCorr
  0.71ACSLX Select Fund CPairCorr
  0.71AULNX American Century UltraPairCorr
  0.82AULDX Ultra Fund R6PairCorr
  0.78AGGWX Global Gold FundPairCorr
  0.77AIAHX Inflation Adjusted BondPairCorr
  0.8CAYCX California High YieldPairCorr
  0.97VFIRX Vanguard Short TermPairCorr
  0.99VFISX Vanguard Short TermPairCorr
  0.91VSGBX Vanguard Short TermPairCorr
  0.98VSBIX Vanguard Short TermPairCorr
  0.82VSGDX Vanguard Short TermPairCorr
  0.99FUMBX Fidelity Short TermPairCorr
  0.87ECLDX Eaton Vance ShortPairCorr
  0.88EALDX Eaton Vance ShortPairCorr
  0.89EILDX Eaton Vance ShortPairCorr
  0.86EASDX Eaton Vance ShortPairCorr
  0.64ADAM New York Mortgage Symbol ChangePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Term 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 Short Term'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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