VANGUARD INTERMEDIATE-TER Correlations

VWIUX
 Fund
  

USD 13.46  0.02  0.15%   

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

Moving together with VANGUARD INTERMEDIATE-TER

+1.0VWITXVANGUARD INTERMEDIATE-TERPairCorr
+0.98TEBCXTAX EXEMPT BONDPairCorr
+0.98AFTEXTAX EXEMPT BONDPairCorr
+0.98TFEBXTAX EXEMPT BONDPairCorr
+0.98TEAFXTAX EXEMPT BONDPairCorr
+0.98AFTFXTAX EXEMPT BONDPairCorr
+0.98VTEAXVANGUARD TAX-EXEMPT BONDPairCorr
+0.98MANLXBlackRock NationalPairCorr
+0.99BBMUXBRIDGE BUILDER MUNICIPALPairCorr
+0.77GAAGXGMO Alternative AlloPairCorr
+0.77GAAKXGMO Alternative AlloPairCorr
+0.85GPBFXGMO CORE PLUSPairCorr
+0.67GSMFXGMO SGM MAJORPairCorr
+0.65GSMHXGMO SGM MAJORPairCorr
+0.78WABIXWELLS FARGO ADVANTAGEPairCorr

Moving against VANGUARD INTERMEDIATE-TER

-0.87GPMFXGUIDEPATH MANAGED FUTURESPairCorr
-0.79PQTNXPIMCO TRENDS ManagedPairCorr
-0.78PQTIXAa Pimco TrPairCorr
-0.78PQTAXPIMCO TRENDS ManagedPairCorr

Related Correlations

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0.990.990.44
AFTFX
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0.990.990.52
VTEAX
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0.990.990.47
MANLX
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0.440.520.47
IBM
AFTFX
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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   
VTEAXAFTFX
MANLXAFTFX
MANLXVTEAX
IBMVTEAX
IBMMANLX
IBMAFTFX
  

Risk-Adjusted Indicators

Nowadays, there is a big difference between VANGUARD Mutual Fund performing well and VANGUARD INTERMEDIATE-TER 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 INTERMEDIATE-TER'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 INTERMEDIATE-TER 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 INTERMEDIATE-TERM TAX-EXEMPT?

The danger of trading VANGUARD INTERMEDIATE-TERM TAX-EXEMPT 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 INTERMEDIATE-TER 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 INTERMEDIATE-TER. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VANGUARD INTERMEDIATE-TER 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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for analysis

When running VANGUARD INTERMEDIATE-TER price analysis, check to measure VANGUARD INTERMEDIATE-TER'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 INTERMEDIATE-TER is operating at the current time. Most of VANGUARD INTERMEDIATE-TER's value examination focuses on studying past and present price action to predict the probability of VANGUARD INTERMEDIATE-TER's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move VANGUARD INTERMEDIATE-TER's price. Additionally, you may evaluate how the addition of VANGUARD INTERMEDIATE-TER to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between VANGUARD INTERMEDIATE-TER's value and its price as these two are different measures arrived at by different means. Investors typically determine VANGUARD INTERMEDIATE-TER value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VANGUARD INTERMEDIATE-TER'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.