Vanguard Short-term Correlations

VTSPX Fund

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The current 90-days correlation between Vanguard Short Term and Auer Growth Fund is -0.22 (i.e., Very good diversification). 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 Short-term Correlation With Market

Very good diversification

The correlation between Vanguard Short Term Inflation and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Short Term Inflation 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 Vanguard Short Term Inflation Protected. 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 american community survey.

Moving together with Vanguard Mutual Fund

0.94	VTAPX	Vanguard Short Term	Pair Corr
0.99	TRLDX	T Rowe Price	Pair Corr
0.97	TRBFX	T Rowe Price	Pair Corr
0.92	TRPZX	T Rowe Price	Pair Corr
0.71	FSTZX	Fidelity Series 0	Pair Corr
0.99	TIIWX	Tiaa Cref Inflation	Pair Corr
0.67	TIIHX	Tiaa Cref Inflation	Pair Corr
0.92	TIKRX	Tiaa Cref Inflation	Pair Corr
0.99	TIKPX	Tiaa Cref Inflation	Pair Corr
0.63	GAAVX	Gmo Alternative Allo	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr

Moving against Vanguard Mutual Fund

0.62	TRV	The Travelers Companies	Pair Corr
0.48	HPQ	HP Inc	Pair Corr
0.41	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.4	VZ	Verizon Communications Aggressive Push	Pair Corr
0.38	WMT	Walmart	Pair Corr
0.37	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	AUERX	TRBCX	HIGCX	FGTZX	SRGAX	LANIX
AUERX		0.96	0.96	0.97	0.95	0.95	AUERX
TRBCX	0.96		0.97	1.0	0.98	0.98	TRBCX
HIGCX	0.96	0.97		0.98	0.98	0.98	HIGCX
FGTZX	0.97	1.0	0.98		0.98	0.98	FGTZX
SRGAX	0.95	0.98	0.98	0.98		1.0	SRGAX
LANIX	0.95	0.98	0.98	0.98	1.0		LANIX
	AUERX	TRBCX	HIGCX	FGTZX	SRGAX	LANIX

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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
AUERX	0.62	0.13	0.02	0.50	0.31	(0.73)	1.48	(1.13)	3.03
TRBCX	0.76	0.20	0.27	0.44	0.00	(0.96)	2.50	(0.92)	5.73
HIGCX	0.54	0.26	(0.03)	(1.09)	0.36	(0.64)	1.49	(0.82)	3.96
FGTZX	0.41	0.08	(0.01)	0.35	0.00	(0.53)	1.41	(0.71)	3.24
SRGAX	0.42	0.19	(0.14)	(1.46)	0.00	(0.51)	1.39	(0.76)	2.73
LANIX	0.52	0.28	0.01	(1.28)	0.18	(0.64)	1.63	(0.82)	4.08

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