Infrastructure Fund Correlations

Mutual Funds . USA . 
Fund . Infrastructure Fund Adviser
IFAAX Fund  USD 24.59  0.03  0.12%   
The current 90-days correlation between Infrastructure Fund and Nuveen Large Cap is 0.83 (i.e., Very poor diversification). The correlation of Infrastructure Fund 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.

Infrastructure Fund Correlation With Market

Poor diversification

The correlation between Infrastructure Fund Adviser and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infrastructure Fund Adviser and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Infrastructure Fund Adviser. 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 nation.

Moving together with Infrastructure Mutual Fund

  0.95SRUAX Spectrum Fund AdviserPairCorr
  0.95SRUIX Spectrum Fund InstitPairCorr
  0.96QNTAX Quantex Fund AdviserPairCorr
  0.96QNTIX Quantex Fund InstituPairCorr
  1.0IFAIX Infrastructure FundPairCorr
  0.98BLNIX Balanced Fund InstitPairCorr
  0.98BLNAX Balanced Fund AdviserPairCorr
  0.99FLBDX Total Return BondPairCorr
  0.96FLCGX Quantex Fund RetailPairCorr
  0.99FLDOX Dividend OpportunitiesPairCorr
  0.96FLDGX Dynamic GrowthPairCorr
  0.98FLDFX Balanced Fund RetailPairCorr
  0.96FLFGX Global OpportunitiesPairCorr
  0.91FLMIX Muirfield Fund InstiPairCorr
  0.96FLMFX Muirfield Fund RetailPairCorr
  0.96FLMAX Muirfield Fund AdviserPairCorr
  1.0FLRUX Infrastructure FundPairCorr
  0.95FLSPX Spectrum Fund RetailPairCorr
  0.99DVOAX Dividend OpportunitiesPairCorr
  0.99BNDAX Total Return BondPairCorr
  0.99BNDIX Total Return BondPairCorr
  0.96DYGIX Dynamic GrowthPairCorr
  1.0FASIX Fidelity Asset ManagerPairCorr
  1.0FTIWX Fidelity Asset ManagerPairCorr
  1.0FTDWX Fidelity Asset ManagerPairCorr
  0.99FTAWX Fidelity Asset ManagerPairCorr
  1.0FIKVX Fidelity Asset ManagerPairCorr
  1.0FTCWX Fidelity Asset ManagerPairCorr
  1.0VASIX Vanguard LifestrategyPairCorr
  0.99PFIPX Strategic Asset ManaPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.95VGTSX Vanguard Total InterPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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