Bond Fund Correlations

BFAFX
 Fund
  

USD 11.23  0.09  0.80%   

The correlation of Bond Fund is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bond Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Bond Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Bond Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bond Fund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bond Fund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Bond Fund to buy it.

Moving together with Bond Fund

+0.99VBTIXVanguard Bond IndexPairCorr
+1.0VBTLXVanguard Total BondPairCorr
+0.99VBMFXVanguard Bond IndexPairCorr
+1.0VTBSXVanguard Total BondPairCorr
+0.99VTBIXVanguard Total BondPairCorr
+0.99VTBNXVanguard Total BondPairCorr
+0.97CFACXBond FundPairCorr
+0.97ABNDXBond FundPairCorr
+0.97BFACXBond FundPairCorr
+0.74VITSXVanguard Index TrustPairCorr
+0.74VSTSXVanguard Total StockPairCorr
+0.74VTSAXVanguard Total StockPairCorr
+0.74VSMPXVanguard Total StockPairCorr
+0.74VTSMXVanguard Index TrustPairCorr
+0.76VFINXVanguard Index Trust Low VolatilityPairCorr
+0.76VFFSXVanguard 500 Index Low VolatilityPairCorr
+0.76VFIAXVanguard 500 Index Low VolatilityPairCorr
+0.93VTSNXVanguard Total InterPairCorr
+0.93VTISXVanguard Total InterPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
  
High negative correlations   
MRKUBER
TUBER
TTWTR
XOMMRK
XOMT
MRKTWTR

Bond Fund Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between BFAFX Mutual Fund performing well and Bond Fund Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Bond Fund's multiple risk-adjusted performance indicators. 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
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.02  0.57  0.18  0.47  2.41  0.15 (2.10)  4.32 (2.97)  15.22 
MSFT 1.39  0.00  0.00 (0.04)  0.00 (0.0061)  0.00  2.85 (2.94)  12.18 
UBER 2.88  0.60  0.17  0.43  2.75  0.14 (3.07)  5.77 (5.13)  25.11 
F 2.35  0.27  0.07  0.10  3.09  0.07 (2.62)  5.30 (5.04)  18.45 
T 1.01 (0.38)  0.00 (0.58)  0.00 (0.24)  0.00  1.32 (2.33)  8.93 
A 1.69  0.22  0.11  0.13  1.74  0.09 (2.03)  3.98 (3.13)  11.69 
CRM 2.00 (0.04)  0.00 (0.07)  0.00 (0.0221)  0.00  3.94 (3.96)  10.76 
JPM 1.39  0.05  0.03  0.00  1.59  0.0241 (1.54)  3.03 (2.88)  8.06 
MRK 0.88 (0.04)  0.00 (0.15)  0.00 (0.0152)  0.00  1.66 (1.87)  4.58 
XOM 1.78  0.19  0.10  0.17  1.97  0.09 (2.01)  3.64 (3.24)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bond Fund without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in The Bond Fund?

The danger of trading The Bond Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bond Fund is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bond Fund. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bond Fund is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Bond Fund information on this page should be used as a complementary analysis to other Bond Fund's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Bond Fund price analysis, check to measure Bond Fund's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bond Fund is operating at the current time. Most of Bond Fund's value examination focuses on studying past and present price action to predict the probability of Bond Fund's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bond Fund's price. Additionally, you may evaluate how the addition of Bond Fund to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Bond Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine Bond Fund value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bond Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.