Lifex Inflation-protec Correlations

Mutual Funds . USA . 
Fund . Lifex Inflation Protected Income
LIAUX Fund   23.17  0.12  0.52%   
The current 90-days correlation between Lifex Inflation-protec and Lifex Inflation Protected Income is 0.99 (i.e., No risk reduction). The correlation of Lifex Inflation-protec is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Lifex Inflation-protec Correlation With Market

Good diversification

The correlation between Lifex Inflation Protected Inco and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifex Inflation Protected Inco and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lifex Inflation Protected Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Lifex Mutual Fund

  1.0LIADX Lifex Inflation-protecPairCorr
  1.0LIAFX Lifex Inflation ProtPairCorr
  0.99LIAOX Lifex Inflation ProtPairCorr
  1.0LIAQX Lifex Inflation ProtPairCorr
  0.96LIAWX Lifex Inflation-protecPairCorr
  1.0LIBGX Lifex Inflation-protecPairCorr
  0.94SHRIX Stone Ridge HighPairCorr
  0.94SHRMX Stone Ridge HighPairCorr
  0.95LFBGX Lifex IncomePairCorr
  0.98LFAQX Lifex IncomePairCorr
  0.98LFAUX Lifex IncomePairCorr
  0.96LFFWX Lifex IncomePairCorr
  0.93SRDAX Stone Ridge DiversifiedPairCorr
  0.93SRDBX Stone Ridge DiversifiedPairCorr
  0.87NHS Neuberger Berman HighPairCorr
  0.69BLPFX American Funds BalancedPairCorr
  0.73FIVUX First Investors OppoPairCorr
  0.92BAIPX Blackrock Short TermPairCorr
  0.63HMVTX Hartford MidcapPairCorr
  0.92VWEAX Vanguard High YieldPairCorr
  0.89HBLTX Hartford BalancedPairCorr
  0.95LAUFX Lord Abbett IncomePairCorr
  0.89GPPIX Goldman Sachs ShortPairCorr
  0.92ERH Allspring Utilities AndPairCorr
  0.91PFPNX Pimco Capital SecPairCorr
  0.91PHIAX Pace High YieldPairCorr
  0.96PARRX Real Return FundPairCorr
  0.9IMCDX Voya Emerging MarketsPairCorr
  0.91NGREX Northern Global RealPairCorr
  0.95FHYQX Franklin High YieldPairCorr
  0.91SIGVX Ridgeworth Seix GovePairCorr
  0.83PFTCX Short Term FundPairCorr
  0.66TWSAX Strategic AllocationPairCorr

Moving against Lifex Mutual Fund

  0.51PFHCX Pacific Funds SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Lifex Mutual Fund performing well and Lifex Inflation-protec Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lifex Inflation-protec's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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