Vanguard Long-Term Correlations

VGLT
 Etf
  

USD 65.21  1.53  2.29%   

The correlation of Vanguard Long-Term 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 Long-Term moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Long-Term Treasury 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 Long-Term 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 Long-Term 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 Long-Term - 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 Long-Term Treasury to buy it.

Moving together with Vanguard Long-Term

+1.0TLTIShares 20 YearPairCorr
+0.94IEFIShares 7-10 YearPairCorr
+1.0SPTLSPDR Barclays LongPairCorr
+0.99TLHIShares 10-20 YearPairCorr
+1.0EDVVanguard ExtendedPairCorr
+1.0PLWInvesco 1-30 LadderedPairCorr
+0.99GOVZIShares 25 YearPairCorr
+1.0SCHQSchwab Long-TermPairCorr
+0.89BNDDQuadratic Deflation ETFPairCorr
+0.93TYASimplify Exchange TradedPairCorr
+0.64WINNHarbor Long-Term GrowersPairCorr
+0.77SMIVanEck Vectors ETFPairCorr

Moving against Vanguard Long-Term

-0.8FNGDMicroSectors FANG IndexPairCorr
-0.51DRUADOMINION ENERGY INCPairCorr

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   
CRMTWTR
MRKUBER
MRKCRM
XOMMSFT
CRMA
XOMUBER

Vanguard Long-Term Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Vanguard Etf performing well and Vanguard Long-Term ETF 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 Long-Term'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  0.19 (1.52)  1.73  0.13 (1.84)  3.56 (2.97)  27.10 
MSFT 1.80 (0.11)  0.00 (0.03)  0.00 (0.0369)  0.00  3.92 (3.54)  11.64 
UBER 2.87 (0.21)  0.00 (0.09)  0.00 (0.0469)  0.00  8.60 (5.58)  19.67 
F 1.99 (0.28)  0.00 (0.14)  0.00 (0.09)  0.00  2.75 (5.20)  14.63 
T 1.28  0.18  0.12  0.31  1.09  0.09 (1.49)  2.54 (2.10)  9.29 
A 1.75  0.21  0.12  0.22  1.66  0.1 (2.15)  3.98 (2.97)  11.04 
CRM 2.41 (0.29)  0.00 (0.14)  0.00 (0.09)  0.00  4.31 (4.55)  18.29 
JPM 1.51  0.17  0.10  0.21  1.40  0.09 (1.65)  4.20 (2.80)  8.36 
MRK 0.99  0.36  0.27  1.20  0.81  0.25 (1.20)  2.44 (1.43)  7.38 
XOM 1.59  0.13  0.06  0.19  1.87  0.06 (1.65)  3.65 (2.91)  9.75 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vanguard Long-Term 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 Vanguard Long-Term Treasury?

The danger of trading Vanguard Long-Term Treasury is mainly related to its market volatility and ETF 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 Long-Term 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 Long-Term. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vanguard Long-Term 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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for analysis

When running Vanguard Long-Term price analysis, check to measure Vanguard Long-Term'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 Long-Term is operating at the current time. Most of Vanguard Long-Term's value examination focuses on studying past and present price action to predict the probability of Vanguard Long-Term's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Vanguard Long-Term's price. Additionally, you may evaluate how the addition of Vanguard Long-Term to your portfolios can decrease your overall portfolio volatility.
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The market value of Vanguard Long-Term is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard Long-Term's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Long-Term's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vanguard Long-Term's market value can be influenced by many factors that don't directly affect Vanguard Long-Term's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vanguard Long-Term's value and its price as these two are different measures arrived at by different means. Investors typically determine Vanguard Long-Term value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Long-Term'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.