Limited Duration Correlations

Mutual Funds . USA . 
Fund . Limited Duration Fund
APSTX Fund  USD 9.36  0.01  0.11%   
The current 90-days correlation between Limited Duration and Buffalo High Yield is 0.26 (i.e., Modest diversification). The correlation of Limited Duration 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.

Limited Duration Correlation With Market

Significant diversification

The correlation between Limited Duration Fund and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Limited Duration Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Limited Duration 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 manufacturing.

Moving together with Limited Mutual Fund

  0.95APBDX Bond Fund InvestorPairCorr
  0.86APENX Strategic Enhanced YieldPairCorr
  0.69APLIX Cavanal Hill HedgedPairCorr
  0.68APUSX Cavanal Hill UltraPairCorr
  0.9AABOX Bond Fund ClassPairCorr
  0.83AAENX Strategic Enhanced YieldPairCorr
  0.67AALIX Astonherndon Large CapPairCorr
  0.99AASTX Limited DurationPairCorr
  0.72AAUSX Cavanal Hill UltraPairCorr
  0.95AIBNX Bond Fund InstitutionalPairCorr
  0.88AIENX Strategic Enhanced YieldPairCorr
  0.69AILIX Cavanal Hill HedgedPairCorr
  0.9AISTX Limited DurationPairCorr
  0.8AIUSX Cavanal Hillultra ShortPairCorr
  0.88VBIRX Vanguard Short TermPairCorr
  0.87VFSUX Vanguard Short TermPairCorr
  0.87VFSIX Vanguard Short TermPairCorr
  0.87VFSTX Vanguard Short TermPairCorr
  0.88VBITX Vanguard Short TermPairCorr
  0.84VBISX Vanguard Short TermPairCorr
  0.84LALDX Lord Abbett ShortPairCorr
  0.81VSCSX Vanguard Short TermPairCorr
  0.82LDLAX Lord Abbett ShortPairCorr
  0.83LDLRX Lord Abbett ShortPairCorr
  0.66VSTSX Vanguard Total StockPairCorr
  0.66VSMPX Vanguard Total StockPairCorr
  0.67VITSX Vanguard Total StockPairCorr
  0.67VFFSX Vanguard 500 IndexPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.63VTPSX Vanguard Total InterPairCorr
  0.67VINIX Vanguard InstitutionalPairCorr
  0.66VTSAX Vanguard Total StockPairCorr
  0.67KAGAX Kensington Dynamic GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Limited Mutual Fund performing well and Limited Duration 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 Limited Duration'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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