Intermediate Bond Correlations

CBOFX Fund

USD 12.68 0.01 0.08%

The current 90-days correlation between Intermediate Bond and Rbb Fund is -0.05 (i.e., Good diversification). The correlation of Intermediate Bond 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 Bond Correlation With Market

Significant diversification

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

Moving together with Intermediate Mutual Fund

0.84	AMECX	Income Fund	Pair Corr
0.84	AMFCX	American Mutual	Pair Corr
0.83	AMFFX	American Mutual	Pair Corr
0.9	RNCCX	American Funds Income	Pair Corr
0.98	FPPPX	American Funds Prese	Pair Corr
0.86	RNGGX	New Economy Fund	Pair Corr
0.87	RNGFX	New Economy Fund	Pair Corr
0.87	RNGHX	New Economy Fund	Pair Corr
0.66	RNGEX	New Economy Fund	Pair Corr
0.87	RNGCX	New Economy Fund	Pair Corr
0.9	FPTPX	American Funds Conse	Pair Corr
0.65	TECFX	Tax Exempt Fund	Pair Corr
0.66	RNNEX	New Economy Fund	Pair Corr
0.86	CDJAX	American Funds College	Pair Corr
0.85	AMPCX	Amcap Fund Class	Pair Corr
0.85	AMPFX	Amcap Fund Class	Pair Corr
0.65	RNPBX	New Perspective	Pair Corr
0.86	RNPAX	New Perspective	Pair Corr
0.65	RNPHX	New Perspective	Pair Corr
0.87	RNPGX	New Perspective	Pair Corr
0.86	RNPCX	New Perspective	Pair Corr
0.64	AMRFX	American Mutual	Pair Corr
0.67	RNRPX	American Funds Retirement	Pair Corr
0.99	AMUSX	Us Government Securities	Pair Corr
0.94	TEPFX	American Funds Tax	Pair Corr
0.62	RNWFX	New World Fund	Pair Corr

Related Correlations Analysis

	OPTCX	TMPFX	LGLSX	HIGCX	SCGCX	RETSX	SMYIX	RHSAX
OPTCX		0.88	0.92	0.95	0.98	0.98	0.94	0.89	OPTCX
TMPFX	0.88		0.96	0.93	0.93	0.94	0.96	0.96	TMPFX
LGLSX	0.92	0.96		0.92	0.96	0.96	0.97	0.94	LGLSX
HIGCX	0.95	0.93	0.92		0.96	0.97	0.94	0.94	HIGCX
SCGCX	0.98	0.93	0.96	0.96		1.0	0.99	0.95	SCGCX
RETSX	0.98	0.94	0.96	0.97	1.0		0.98	0.94	RETSX
SMYIX	0.94	0.96	0.97	0.94	0.99	0.98		0.96	SMYIX
RHSAX	0.89	0.96	0.94	0.94	0.95	0.94	0.96		RHSAX
	OPTCX	TMPFX	LGLSX	HIGCX	SCGCX	RETSX	SMYIX	RHSAX

Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate Bond 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 Bond'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
OPTCX	0.20	0.02	(0.20)	0.18	0.00	(0.27)	0.51	(0.31)	1.54
TMPFX	0.03	0.01	0.00	2.06	0.00	0.00	0.10	0.00	0.10
LGLSX	0.77	0.15	0.11	0.33	0.72	(0.86)	1.99	(1.41)	4.96
HIGCX	0.48	0.13	0.00	(0.73)	0.41	(0.54)	1.17	(0.94)	2.79
SCGCX	0.38	0.02	(0.04)	0.15	0.20	(0.48)	1.01	(0.64)	2.53
RETSX	0.51	0.04	0.04	0.16	0.30	(0.65)	1.28	(0.79)	3.66
SMYIX	0.48	0.04	0.02	0.17	0.20	(0.57)	1.19	(0.64)	2.62
RHSAX	0.87	0.29	0.12	(0.54)	0.70	(1.08)	2.78	(1.52)	6.17

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Intermediate Bond Correlations

Intermediate Bond Correlation With Market

Significant diversification

Moving together with Intermediate Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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