VANGUARD TOTAL Correlations

VTBNX
 Fund
  

USD 9.61  0.08  0.84%   

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

Moving together with VANGUARD TOTAL

+1.0VBTLXVANGUARD TOTAL BONDPairCorr
+1.0VBMFXVANGUARD TOTAL BONDPairCorr
+1.0VTBSXVANGUARD TOTAL BONDPairCorr
+0.95VBTIXVANGUARD TOTAL BONDPairCorr
+1.0VTBIXVanguard Total BondPairCorr
+1.0CFACXBOND FUNDPairCorr
+1.0BFAFXBOND FUNDPairCorr
+1.0ABNDXBOND FUNDPairCorr
+1.0BFACXBOND FUNDPairCorr
+0.8DXQLXDIREXION MONTHLY NASPairCorr
+0.78RYVLXNASDAQ-100 2X STRATEGYPairCorr
+0.78RYVYXNASDAQ-100 2X STRATEGYPairCorr
+0.78UOPIXUltra Nasdaq-100 ProfundsPairCorr
+0.78RYCCXNASDAQ-100 2X STRATEGYPairCorr
+0.78UOPSXULTRANASDAQ-100 PROFUNDPairCorr

Related Correlations

FYASX
MUNIX
HYGW
FSYD
HYUP
FYASX
0.470.950.850.89
FYASX
MUNIX
0.470.470.50.46
MUNIX
HYGW
0.950.470.860.88
HYGW
FSYD
0.850.50.860.99
FSYD
HYUP
0.890.460.880.99
HYUP
FYASX
MUNIX
HYGW
FSYD
HYUP
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   
HYUPFSYD
HYGWFYASX
HYUPFYASX
HYUPHYGW
FSYDHYGW
FSYDFYASX
  

Risk-Adjusted Indicators

Nowadays, there is a big difference between VANGUARD Mutual Fund performing well and VANGUARD TOTAL 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 TOTAL'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in VANGUARD TOTAL 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 Global Correlations Now

   

Global Correlations

Find global opportunities by holding instruments from different markets
All  Next Launch Module

Invested in VANGUARD TOTAL BOND?

The danger of trading VANGUARD TOTAL BOND 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 TOTAL 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 TOTAL. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VANGUARD TOTAL BOND 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 Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Complementary Tools for analysis

When running VANGUARD TOTAL BOND price analysis, check to measure VANGUARD TOTAL'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 TOTAL is operating at the current time. Most of VANGUARD TOTAL's value examination focuses on studying past and present price action to predict the probability of VANGUARD TOTAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move VANGUARD TOTAL's price. Additionally, you may evaluate how the addition of VANGUARD TOTAL to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Please note, there is a significant difference between VANGUARD TOTAL's value and its price as these two are different measures arrived at by different means. Investors typically determine VANGUARD TOTAL value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VANGUARD TOTAL'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.