Cref Inflation-linked Correlations

QCILIX Fund

USD 89.84 0.08 0.09%

The current 90-days correlation between Cref Inflation Linked and Ab Bond Inflation is -0.11 (i.e., Good diversification). The correlation of Cref Inflation-linked 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.

Cref Inflation-linked Correlation With Market

Significant diversification

The correlation between Cref Inflation Linked Bond and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cref Inflation Linked Bond and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Cref Inflation Linked Bond. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Cref Fund

0.92	VTSAX	Vanguard Total Stock	Pair Corr
0.93	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.93	VITSX	Vanguard Total Stock	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.85	VGTSX	Vanguard Total Inter	Pair Corr
0.85	VTIAX	Vanguard Total Inter	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr
0.76	BA	Boeing	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.89	JPM	JPMorgan Chase	Pair Corr
0.91	CAT	Caterpillar	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.96	MSFT	Microsoft	Pair Corr

Moving against Cref Fund

0.78	PG	Procter Gamble	Pair Corr
0.56	KO	Coca Cola	Pair Corr
0.35	IBM	International Business	Pair Corr
0.31	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	ANBIX	LIFAX	ABNTX	HIPAX	MXIHX	ABNCX	TIIHX
ANBIX		0.98	0.98	0.99	1.0	1.0	0.99	ANBIX
LIFAX	0.98		0.97	0.98	0.98	0.98	0.98	LIFAX
ABNTX	0.98	0.97		0.97	0.98	0.98	0.98	ABNTX
HIPAX	0.99	0.98	0.97		1.0	0.99	1.0	HIPAX
MXIHX	1.0	0.98	0.98	1.0		1.0	1.0	MXIHX
ABNCX	1.0	0.98	0.98	0.99	1.0		1.0	ABNCX
TIIHX	0.99	0.98	0.98	1.0	1.0	1.0		TIIHX
	ANBIX	LIFAX	ABNTX	HIPAX	MXIHX	ABNCX	TIIHX

Risk-Adjusted Indicators

There is a big difference between Cref Fund performing well and Cref Inflation-linked 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 Cref Inflation-linked'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
ANBIX	0.12	0.02	(0.26)	1.03	(0.16)	0.29	(0.19)	0.67
LIFAX	0.11	0.02	(0.31)	1.83	(0.14)	0.26	(0.17)	0.68
ABNTX	0.12	0.02	(0.28)	4.10	(0.16)	0.20	(0.20)	0.59
HIPAX	0.15	0.02	(0.22)	0.50	(0.21)	0.30	(0.29)	0.78
MXIHX	0.14	0.02	(0.22)	0.59	(0.20)	0.32	(0.22)	0.76
ABNCX	0.12	0.02	(0.26)	0.64	(0.17)	0.20	(0.20)	0.60
TIIHX	0.14	0.02	(0.25)	0.51	(0.18)	0.28	(0.28)	0.75

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