The Bond Correlations

Mutual Funds . USA . 
Fund . The Bond Fund
CFBNX Fund  USD 17.98  0.07  0.39%   
The current 90-days correlation between Bond Fund and Ab Bond Inflation is 0.7 (i.e., Poor diversification). The correlation of The Bond 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.

The Bond Correlation With Market

Good diversification

The correlation between The Bond Fund and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Bond Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Bond Fund. 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 board of governors.

Moving together with The Mutual Fund

  0.82KTXIX Kansas TaxPairCorr
  0.79CFMOX Missouri TaxPairCorr
  0.84CFNLX National TaxPairCorr
  0.86CFSTX Short TermPairCorr
  1.0VBTLX Vanguard Total BondPairCorr
  1.0VBMFX Vanguard Total BondPairCorr
  1.0VBTIX Vanguard Total BondPairCorr
  1.0VTBSX Vanguard Total BondPairCorr
  1.0VTBIX Vanguard Total BondPairCorr
  1.0VTBNX Vanguard Total BondPairCorr
  1.0BFAFX Bond FundPairCorr
  1.0ABNDX Bond FundPairCorr
  1.0BFACX Bond FundPairCorr
  1.0FFBOX American FundsPairCorr

Moving against The Mutual Fund

  0.77KMKCX Kinetics Market OppoPairCorr
  0.75CFGRX Growth FundPairCorr
  0.68CFAGX Midcap GrowthPairCorr
  0.62CFMVX Commerce Midcap ValuePairCorr
  0.61CFVLX Value FundPairCorr
  0.84LETRX Voya Russia FundPairCorr
  0.81FIKHX Fidelity Advisor TecPairCorr
  0.79KSCYX Kinetics Small CapPairCorr
  0.79KSOCX Kinetics Small CapPairCorr
  0.79KSCOX Kinetics Small CapPairCorr
  0.79CLM Cornerstone StrategicPairCorr
  0.78LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.77WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.77KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.77KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.75KINCX Kinetics InternetPairCorr
  0.69PRCCX Putnam Convertible IncmPairCorr
  0.68TBDQX Pgim Jennison DiversifiedPairCorr
  0.63RYMDX Mid Cap 15xPairCorr
  0.59VWENX Vanguard WellingtonPairCorr
  0.46MFJBX Mfs Lifetime 2060PairCorr
  0.44LEZAX Blackrock Lifepath EsgPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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