Intermediate Government Correlations

DPIGX Fund

USD 9.52 0.01 0.11%

The current 90-days correlation between Intermediate Government and Nationwide Government Bond is -0.07 (i.e., Good diversification). The correlation of Intermediate Government 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Intermediate Government Bond. 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	EASDX	Eaton Vance Short	Pair Corr
0.87	VFIRX	Vanguard Short Term	Pair Corr
0.87	VFISX	Vanguard Short Term	Pair Corr
0.89	VSGBX	Vanguard Short Term	Pair Corr
0.86	VSBIX	Vanguard Short Term	Pair Corr
0.97	VSGDX	Vanguard Short Term	Pair Corr
0.94	FUMBX	Fidelity Short Term	Pair Corr
0.83	ECLDX	Eaton Vance Short	Pair Corr
0.92	EALDX	Eaton Vance Short	Pair Corr
0.94	EILDX	Eaton Vance Short	Pair Corr
0.71	MIDSX	Midas Fund Midas	Pair Corr
0.66	MZLSX	Muzinich Low Duration	Pair Corr
0.98	WSGIX	Wells Fargo Short	Pair Corr
0.65	LUIXX	Legg Mason Partners	Pair Corr

Moving against Intermediate Mutual Fund

0.41	KYSMX	Kentucky Tax Free	Pair Corr
0.35	CASAX	Columbia Pacific/asia	Pair Corr
0.35	CASCX	Columbia Pacific/asia	Pair Corr

Related Correlations Analysis

	NUSAX	RFBAX	TWUOX	DVPXX	PBMXX	ELMXX
NUSAX		0.76	0.73	0.88	0.88	0.88	NUSAX
RFBAX	0.76		0.9	0.73	0.68	0.73	RFBAX
TWUOX	0.73	0.9		0.65	0.6	0.65	TWUOX
DVPXX	0.88	0.73	0.65		0.97	1.0	DVPXX
PBMXX	0.88	0.68	0.6	0.97		0.97	PBMXX
ELMXX	0.88	0.73	0.65	1.0	0.97		ELMXX
	NUSAX	RFBAX	TWUOX	DVPXX	PBMXX	ELMXX

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Risk-Adjusted Indicators

There is a big difference between Intermediate Mutual Fund performing well and Intermediate Government 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 Government'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NUSAX	0.03	0.01	0.00	(1.31)	0.00	0.10	0.00	0.19
RFBAX	0.09	0.01	(0.05)	(0.74)	(0.24)	0.20	(0.20)	0.59
TWUOX	0.09	0.01	(0.05)	(0.29)	(0.18)	0.33	(0.22)	0.66
DVPXX	0.03	0.01	0.00	2.79	0.00	0.00	0.00	1.01
PBMXX	0.03	0.01	0.00	5.30	0.00	0.00	0.00	1.01
ELMXX	0.03	0.01	0.00	2.79	0.00	0.00	0.00	1.01

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Intermediate Government Correlations

Moving together with Intermediate Mutual Fund

Moving against Intermediate Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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