Vanguard Short-term Correlations
The correlation of Vanguard 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.
Vanguard |
Moving together with Vanguard Mutual Fund
Moving against Vanguard Mutual Fund
| 0.91 | GPMFX | Guidepath Managed Futures | PairCorr |
| 0.88 | DIS | Walt Disney | PairCorr |
| 0.82 | AA | Alcoa Corp | PairCorr |
| 0.8 | IBM | International Business | PairCorr |
| 0.8 | CSCO | Cisco Systems | PairCorr |
| 0.73 | DD | Dupont De Nemours | PairCorr |
| 0.73 | HD | Home Depot | PairCorr |
| 0.73 | AXP | American Express | PairCorr |
| 0.72 | PFE | Pfizer Inc | PairCorr |
| 0.7 | MMM | 3M Company | PairCorr |
| 0.51 | MSFT | Microsoft | PairCorr |
| 0.45 | MRK | Merck Company | PairCorr |
| 0.34 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.99 | 0.99 | 0.87 | 1.0 | 0.99 | 0.99 | BPSCX | ||
| 0.99 | 1.0 | 0.88 | 0.99 | 0.98 | 0.99 | AFDVX | ||
| 0.99 | 1.0 | 0.89 | 1.0 | 0.99 | 1.0 | FCPVX | ||
| 0.87 | 0.88 | 0.89 | 0.89 | 0.91 | 0.89 | PVCMX | ||
| 1.0 | 0.99 | 1.0 | 0.89 | 0.99 | 1.0 | VISVX | ||
| 0.99 | 0.98 | 0.99 | 0.91 | 0.99 | 1.0 | LVAQX | ||
| 0.99 | 0.99 | 1.0 | 0.89 | 1.0 | 1.0 | MAVKX | ||
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Risk-Adjusted Indicators
There is a big difference between Vanguard Mutual Fund performing well and Vanguard 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 Vanguard 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BPSCX | 1.20 | 0.02 | 0.00 | (0.09) | 0.00 | 2.17 | 10.87 | |||
| AFDVX | 1.22 | 0.00 | 0.00 | (0.10) | 0.00 | 2.37 | 11.81 | |||
| FCPVX | 1.28 | (0.02) | 0.00 | (0.12) | 0.00 | 2.59 | 12.36 | |||
| PVCMX | 0.20 | 0.00 | 0.00 | (0.13) | 0.00 | 0.33 | 1.84 | |||
| VISVX | 1.26 | (0.01) | 0.00 | (0.12) | 0.00 | 2.23 | 12.82 | |||
| LVAQX | 1.23 | (0.01) | 0.00 | (0.12) | 0.00 | 2.09 | 12.48 | |||
| MAVKX | 1.24 | (0.02) | 0.00 | (0.13) | 0.00 | 1.97 | 12.53 |