Shenkman Short Correlations

Mutual Funds . USA . 
Fund . Shenkman Short Duration
SCFFX Fund  USD 9.85  0.02  0.20%   
The current 90-days correlation between Shenkman Short Duration and Intermediate Term Bond Fund is 0.22 (i.e., Modest diversification). The correlation of Shenkman Short 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.

Shenkman Short Correlation With Market

Very weak diversification

The correlation between Shenkman Short Duration and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shenkman Short Duration and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shenkman Short Duration. 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 Shenkman Mutual Fund

  0.99SCFAX Shenkman Short DurationPairCorr
  0.99SCFCX Shenkman Short DurationPairCorr
  0.99SCFIX Shenkman Short DurationPairCorr
  0.95SFHFX Shenkman Floating RatePairCorr
  0.92SFHIX Shenkman Floating RatePairCorr
  0.97VWEAX Vanguard High YieldPairCorr
  0.97VWEHX Vanguard High YieldPairCorr
  0.98BHYCX Blackrock Hi YldPairCorr
  0.97BHYIX Blackrock High YieldPairCorr
  0.98BHYSX Blackrock Hi YldPairCorr
  0.98BHYAX Blackrock High YieldPairCorr
  0.98FAHHX American Funds AmericanPairCorr
  0.98FTAHX American Funds AmericanPairCorr
  0.98AHTFX American High IncomePairCorr
  0.98AHTCX American High IncomePairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.92VGTSX Vanguard Total InterPairCorr
  0.92VTIAX Vanguard Total InterPairCorr
  0.96AMFIX Aama Income FundPairCorr
  0.9RTSSX Tax Managed MidPairCorr
  0.88JSCVX Perkins Small CapPairCorr
  0.77POSIX Global Real EstatePairCorr
  0.88OGIIX Oppenheimer GlobalPairCorr
  0.97FEGLX Fidelity Advisor FreedomPairCorr
  0.89MXENX Great West EmergingPairCorr
  0.97FJAUX Fidelity Freedom BlendPairCorr
  0.94JTTUX Jpmorgan Smartretirement*PairCorr
  0.7MGTIX Massachusetts InvestorsPairCorr
  0.87NWXPX Nationwide InternationalPairCorr
  0.93TSGAX Timothy Strategic GrowthPairCorr
  0.96VGCIX Vanguard Global CreditPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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