Short Term Correlations

Mutual Funds USA . 
Fund . Short Term Income Fund
PSHIX Fund  USD 12.10  0.01  0.08%   
The current 90-days correlation between Short Term Income and Elfun Diversified Fund is 0.21 (i.e., Modest diversification). The correlation of 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with Short Mutual Fund

  0.82SABPX Strategic Asset ManaPairCorr
  0.79SACAX Strategic Asset ManaPairCorr
  0.8SAGPX Strategic Asset ManaPairCorr
  0.89PFIJX Strategic Asset ManaPairCorr
  0.72PFIEX International EquityPairCorr
  0.89PFIFX Strategic Asset ManaPairCorr
  0.72PFISX International Small PanyPairCorr
  0.89PFIPX Strategic Asset ManaPairCorr
  0.85SAIPX Strategic Asset ManaPairCorr
  0.79PFLJX Principal Lifetime 2050PairCorr
  0.76PFPPX Midcap GrowthPairCorr
  0.76PFRSX Real Estate SecuritiesPairCorr
  0.89SAUPX Strategic Asset ManaPairCorr
  0.83PFUMX Finisterre UnconstrainedPairCorr
  0.9PGBAX Global Diversified IncomePairCorr
  0.9PGBLX Global Diversified IncomePairCorr
  0.73PGBEX Blue Chip FundPairCorr
  0.73PGBGX Blue Chip FundPairCorr
  0.73PGBHX Blue Chip FundPairCorr
  0.9PGDCX Global Diversified IncomePairCorr
  0.9PGDIX Global Diversified IncomePairCorr
  0.82PGDRX Diversified Real AssetPairCorr
  0.86PGLSX Global Multi StrategyPairCorr
  0.88STCCX Short Term IncomePairCorr
  0.79PGRTX Smallcap GrowthPairCorr
  0.78PGRUX Global Real EstatePairCorr
  0.64PGSLX Principal Global SusPairCorr
  0.78PGRKX Global Real EstatePairCorr
  0.76PGWIX Midcap GrowthPairCorr
  0.82SCBPX Strategic Asset ManaPairCorr
  0.85SCIPX Strategic Asset ManaPairCorr
  0.8SCGPX Strategic Asset ManaPairCorr
  0.8PHJEX Principal Lifetime HybridPairCorr
  0.85PHJFX Principal Lifetime HybridPairCorr
  0.8PHJGX Principal Lifetime HybridPairCorr
  0.79PHJBX Principal Lifetime HybridPairCorr
  0.8PHJDX Principal Lifetime HybridPairCorr
  0.82PHJNX Principal Lifetime HybridPairCorr
  0.83PHJQX Principal Lifetime HybridPairCorr
  0.82PHJJX Principal Lifetime HybridPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and 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 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.

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