Vanguard Bond Correlations

VBTIX
 Fund
  

USD 9.50  0.04  0.42%   

The correlation of Vanguard Bond 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 Vanguard Bond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Bond Index 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.
Also, please take a look at World Market Map.
  
The ability to find closely correlated positions to Vanguard Bond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Bond 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 Vanguard Bond - 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 Vanguard Bond Index to buy it.

Moving together with Vanguard Bond

+1.0VBTLXVanguard Total BondPairCorr
+1.0VBMFXVanguard Bond IndexPairCorr
+1.0VTBSXVanguard Total BondPairCorr
+1.0VTBIXVanguard Total BondPairCorr
+0.97VTBNXVanguard Total BondPairCorr
+0.97CFACXBond FundPairCorr
+0.97BFAFXBond FundPairCorr
+1.0ABNDXBond FundPairCorr
+1.0BFACXBond FundPairCorr

Moving against Vanguard Bond

-0.94FMFFXFS Managed FuturesPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
JPMT
JPMA
XOMMRK
XOMJPM
MRKJPM
JPMTWTR
  
High negative correlations   
MRKMSFT
XOMMSFT
MRKUBER
MSFTTWTR
CRMTWTR
JPMMSFT

Vanguard Bond Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Vanguard Mutual Fund performing well and Vanguard Bond 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 Vanguard Bond'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 1.73  0.51  0.18 (3.25)  1.73  0.13 (1.84)  3.56 (2.97)  27.10 
MSFT 1.73 (0.25)  0.00 (0.10)  0.00 (0.09)  0.00  3.76 (3.54)  11.64 
UBER 2.71 (0.06) (0.02)  0.02  3.23 (0.014) (3.22)  8.60 (5.58)  19.67 
F 1.95 (0.21)  0.00 (0.07)  0.00 (0.06)  0.00  2.75 (5.14)  14.93 
T 1.26  0.06  0.04  0.14  1.23  0.0299 (1.43)  2.54 (2.11)  9.29 
A 1.69  0.15  0.10  0.19  1.63  0.08 (2.04)  3.98 (2.97)  11.04 
CRM 2.16 (0.20)  0.00 (0.07)  0.00 (0.06)  0.00  3.63 (4.29)  14.31 
JPM 1.48  0.21  0.13  0.25  1.26  0.11 (1.61)  4.20 (2.15)  7.57 
MRK 1.06  0.28  0.19  0.66  1.01  0.18 (1.23)  2.44 (1.75)  7.38 
XOM 1.65  0.14  0.07  0.22  1.89  0.07 (1.72)  3.65 (3.00)  9.75 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vanguard Bond 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.

Did you try this?

Run Analyst Recommendations Now

   

Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
All  Next Launch Module

Invested in Vanguard Bond Index?

The danger of trading Vanguard Bond Index 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 Vanguard Bond 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 Vanguard Bond. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vanguard Bond Index 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.
Also, please take a look at World Market Map. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for analysis

When running Vanguard Bond Index price analysis, check to measure Vanguard Bond'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 Vanguard Bond is operating at the current time. Most of Vanguard Bond's value examination focuses on studying past and present price action to predict the probability of Vanguard Bond's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Vanguard Bond's price. Additionally, you may evaluate how the addition of Vanguard Bond to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Please note, there is a significant difference between Vanguard Bond's value and its price as these two are different measures arrived at by different means. Investors typically determine Vanguard Bond value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Bond'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.