The Short Correlations

Mutual Funds . USA . 
Fund . The Short Term
CFSTX Fund  USD 16.07  0.02  0.12%   
The current 90-days correlation between Short Term and Mesirow Financial Small is -0.09 (i.e., Good diversification). The correlation of The 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.

The Short Correlation With Market

Good diversification

The correlation between The Short Term and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Short Term 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 Short Term. 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 estimate.

Moving together with The Mutual Fund

  0.85CFBNX Bond FundPairCorr
  0.85CFNLX National TaxPairCorr
  0.84EASDX Eaton Vance ShortPairCorr
  0.94VFIRX Vanguard Short TermPairCorr
  0.94VFISX Vanguard Short TermPairCorr
  0.95VSGBX Vanguard Short TermPairCorr
  0.97VSBIX Vanguard Short TermPairCorr
  0.95VSGDX Vanguard Short TermPairCorr
  0.9FUMBX Fidelity Short TermPairCorr
  0.84ECLDX Eaton Vance ShortPairCorr
  0.83EALDX Eaton Vance ShortPairCorr
  0.84EILDX Eaton Vance ShortPairCorr
  0.81MGGYX Mirova Global GreenPairCorr
  0.84MGGAX Mirova Global GreenPairCorr
  0.73BXECX Barings Emerging MarketsPairCorr
  0.73BXEIX Barings Emerging MarketsPairCorr
  0.72BXEAX Barings Emerging MarketsPairCorr
  0.8HLDIX Hartford EmergingPairCorr
  0.8HLDRX Hartford EmergingPairCorr
  0.8HLDAX Hartford EmergingPairCorr
  0.79HLDCX Hartford EmergingPairCorr
  0.8HLDTX Hartford EmergingPairCorr

Moving against The Mutual Fund

  0.37CFAGX Midcap GrowthPairCorr
  0.47TLCYX Touchstone Large CapPairCorr
  0.43MLMAX Global E PortfolioPairCorr
  0.39AMEIX Equity GrowthPairCorr
  0.36AMGIX Income GrowthPairCorr
  0.35VFIAX Vanguard 500 IndexPairCorr
  0.35WWLAX Westwood Largecap ValuePairCorr
  0.35VFINX Vanguard 500 IndexPairCorr
  0.34SAGAX Ridgeworth InnovativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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