Short Term Correlations

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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    WDIAX + 0.99 CDEYX CDEYX + 0.95 ELDFX RGEBX + 0.94 CDEYX WDIAX + 0.93 ELDFX WDIAX + 0.9 RGEBX RGEBX + 0.89 ELDFX

High negative correlations    QDARX - 0.69 RGEBX WDIAX - 0.61 QDARX QDARX - 0.61 CDEYX QDARX - 0.38 ELDFX FARIX - 0.21 WDIAX FARIX - 0.11 CDEYX

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.