Intermediate-term Correlations

UIITX Fund

USD 9.11 0.02 0.22%

The current 90-days correlation between Intermediate Term Bond and Prudential Short Term Porate is 0.78 (i.e., Poor diversification). The correlation of Intermediate-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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Intermediate Term 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 estimate.

Moving together with Intermediate-term Mutual Fund

0.96	UIGSX	Government Securities	Pair Corr
0.98	UIINX	Income Fund Income	Pair Corr
0.92	UISBX	Short Term Bond	Pair Corr
1.0	URIBX	Intermediate Term Bond	Pair Corr
0.98	URIFX	Income Fund Income	Pair Corr
0.96	URGSX	Government Securities	Pair Corr
0.92	URSBX	Short Term Bond	Pair Corr
0.9	URUSX	Ultra Short Term	Pair Corr
0.9	UUSIX	Ultra Short Term	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
1.0	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.79	TREIX	Thrivent Natural Res	Pair Corr

Moving against Intermediate-term Mutual Fund

0.63	UIGRX	Growth Fund Growth	Pair Corr
0.63	UISCX	Small Cap Stock	Pair Corr
0.59	URNQX	Nasdaq 100 Index	Pair Corr
0.54	USPRX	Sp 500 Index	Pair Corr
0.5	UIGIX	Growth Income	Pair Corr
0.48	UIWGX	World Growth	Pair Corr
0.39	UIVAX	Value Fund Value	Pair Corr
0.37	UICGX	Capital Growth	Pair Corr
0.68	UIAGX	Aggressive Growth	Pair Corr
0.68	JESTX	John Hancock Var	Pair Corr
0.58	CISGX	Touchstone Sands Capital	Pair Corr
0.41	WWNPX	Kinetics Paradigm	Pair Corr
0.33	UGOFX	Global Managed Volatility	Pair Corr
0.31	LSHEX	Kinetics Spin Off	Pair Corr

Related Correlations Analysis

	PSTQX	FGULX	JSNIX	SUSAX	AOUNX	RSDIX	VUSFX
PSTQX		0.85	0.98	0.94	0.89	0.96	0.88	PSTQX
FGULX	0.85		0.8	0.93	0.99	0.94	0.96	FGULX
JSNIX	0.98	0.8		0.94	0.84	0.94	0.82	JSNIX
SUSAX	0.94	0.93	0.94		0.95	0.98	0.91	SUSAX
AOUNX	0.89	0.99	0.84	0.95		0.96	0.97	AOUNX
RSDIX	0.96	0.94	0.94	0.98	0.96		0.94	RSDIX
VUSFX	0.88	0.96	0.82	0.91	0.97	0.94		VUSFX
	PSTQX	FGULX	JSNIX	SUSAX	AOUNX	RSDIX	VUSFX

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Risk-Adjusted Indicators

There is a big difference between Intermediate-term Mutual Fund performing well and Intermediate-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 Intermediate-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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PSTQX	0.13	0.01	0.63	(0.56)	0.07	(0.16)	0.37	(0.19)	1.03
FGULX	0.05	0.01	1.18	1.68	0.00	(0.23)	0.10	(0.10)	0.62
JSNIX	0.09	0.01	0.75	2.01	0.00	(0.16)	0.22	(0.21)	0.86
SUSAX	0.05	0.00	1.18	(0.72)	0.00	(0.16)	0.10	(0.10)	0.51
AOUNX	0.06	0.01	1.04	(4.46)	0.00	(0.17)	0.10	(0.10)	0.61
RSDIX	0.09	0.01	0.80	(0.52)	0.00	(0.16)	0.21	(0.20)	0.82
VUSFX	0.04	0.01	1.48	(0.87)	0.00	(0.06)	0.10	(0.05)	0.25

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Intermediate-term Correlations

Moving together with Intermediate-term Mutual Fund

Moving against Intermediate-term Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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