Intermediate Term Correlations

Mutual Funds . USA . 
Fund . Intermediate Term Bond Fund
UITBX Fund  USD 9.15  0.03  0.33%   
The current 90-days correlation between Intermediate Term Bond and Enhanced Large Pany is -0.11 (i.e., Good 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.

Intermediate Term Correlation With Market

Good diversification

The correlation between Intermediate Term Bond Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intermediate Term Bond 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 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 bureau of labor statistics.

Moving together with Intermediate Mutual Fund

  0.94UINCX Income Fund IncomePairCorr
  0.96UITCX Usaa Intermediate TermPairCorr
  0.85IPFIX Victory IncorePairCorr
  0.63RSDYX Victory Incore LowPairCorr
  0.81RSIGX Victory Rs InternationalPairCorr

Moving against Intermediate Mutual Fund

  0.75RSFYX Victory Floating RatePairCorr
  0.59SBFCX Victory Incore InvestmentPairCorr
  0.59MNNAX Victory Munder MultiPairCorr
  0.58SRVEX Victory Diversified StockPairCorr
  0.58SBFMX Victory PortfoliosPairCorr
  0.56UINQX Usaa Nasdaq 100PairCorr
  0.55SSVSX Victory Special ValuePairCorr
  0.49MMMSX Victory IntegrityPairCorr
  0.46RSDGX Victory Rs SelectPairCorr
  0.46RSGFX Victory Rs SelectPairCorr
  0.45RSEGX Victory Rs SmallPairCorr
  0.44SSGSX Victory Sycamore SmallPairCorr
  0.42MMEAX Victory IntegrityPairCorr
  0.42MMMMX Victory IntegrityPairCorr
  0.39MMECX Victory IntegrityPairCorr
  0.39RPPRX Victory Rs Partners Downward RallyPairCorr
  0.35MMIJX Victory Integrity MidPairCorr
  0.35RSGGX Victory Rs GlobalPairCorr
  0.74RSFMX Victory Floating RatePairCorr
  0.68RSNRX Victory Global NaturalPairCorr
  0.68RSNYX Victory Global NaturalPairCorr
  0.63RSFCX Victory Floating RatePairCorr
  0.63RSFLX Victory Floating RatePairCorr
  0.54RSGRX Victory Rs Growth Downward RallyPairCorr
  0.54RSMOX Victory Rs MidPairCorr
  0.52RSIFX Victory Rs SciencePairCorr
  0.48RSMMX Victory Rs SmallPairCorr
  0.45RSYEX Victory Rs SmallPairCorr
  0.44RSSYX Victory Rs SelectPairCorr
  0.43VSVIX Victory Integrity SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Intermediate 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.

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