Vanguard Total Correlations
BND Etf | USD 71.93 0.09 0.12% |
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.
Very weak diversification
The correlation between Vanguard Total Bond and NYA is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Total Bond and NYA in the same portfolio, assuming nothing else is changed.
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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 Etf
0.99 | AGG | IShares Core US Sell-off Trend | PairCorr |
0.99 | BIV | Vanguard Intermediate Sell-off Trend | PairCorr |
1.0 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
1.0 | EAGG | IShares ESG US | PairCorr |
0.8 | FLCB | Franklin Templeton ETF | PairCorr |
0.98 | UITB | VictoryShares USAA Core | PairCorr |
0.97 | DFCF | Dimensional ETF Trust | PairCorr |
0.98 | AGGY | WisdomTree Yield Enhanced | PairCorr |
0.99 | GCOR | Goldman Sachs Access | PairCorr |
0.75 | WIP | SPDR FTSE International | PairCorr |
0.81 | ISHG | IShares 1-3 Year | PairCorr |
0.83 | IGOV | IShares International | PairCorr |
Moving against Vanguard Etf
0.53 | DIS | Walt Disney Aggressive Push | PairCorr |
Related Correlations Analysis
MBSF | DIAL | IG | DMBS | VABS | VBND | MINT | VCRB | DUSB | ||
MBSF | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MBSF | |
DIAL | 0.0 | 0.94 | 0.92 | -0.19 | 0.93 | -0.32 | 0.13 | -0.28 | DIAL | |
IG | 0.0 | 0.94 | 0.94 | -0.32 | 0.91 | -0.46 | 0.07 | -0.42 | IG | |
DMBS | 0.0 | 0.92 | 0.94 | -0.32 | 0.91 | -0.45 | 0.06 | -0.42 | DMBS | |
VABS | 0.0 | -0.19 | -0.32 | -0.32 | -0.01 | 0.98 | 0.26 | 0.98 | VABS | |
VBND | 0.0 | 0.93 | 0.91 | 0.91 | -0.01 | -0.17 | 0.19 | -0.13 | VBND | |
MINT | 0.0 | -0.32 | -0.46 | -0.45 | 0.98 | -0.17 | 0.18 | 1.0 | MINT | |
VCRB | 0.0 | 0.13 | 0.07 | 0.06 | 0.26 | 0.19 | 0.18 | 0.2 | VCRB | |
DUSB | 0.0 | -0.28 | -0.42 | -0.42 | 0.98 | -0.13 | 1.0 | 0.2 | DUSB | |
MBSF | DIAL | IG | DMBS | VABS | VBND | MINT | VCRB | DUSB |
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Correlation Matchups
Over a given time period, the two securities move together 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
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Vanguard Total Constituents Risk-Adjusted Indicators
There is a big difference between Vanguard Etf performing well and Vanguard Total ETF 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 Vanguard Total'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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
MBSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
DIAL | 0.32 | (0.04) | (0.28) | 0.03 | 0.38 | 0.57 | 2.50 | |||
IG | 0.33 | (0.04) | (0.33) | 0.01 | 0.36 | 0.68 | 2.30 | |||
DMBS | 0.37 | (0.04) | (0.30) | 0.01 | 0.41 | 0.71 | 2.60 | |||
VABS | 0.09 | 0.03 | (0.83) | 1.36 | 0.00 | 0.21 | 0.64 | |||
VBND | 0.33 | (0.03) | (0.30) | 0.05 | 0.33 | 0.70 | 2.26 | |||
MINT | 0.02 | 0.02 | 0.00 | 7.16 | 0.00 | 0.07 | 0.09 | |||
VCRB | 0.27 | (0.04) | 0.00 | (0.11) | 0.00 | 0.51 | 1.65 | |||
DUSB | 0.03 | 0.00 | (3.97) | 0.00 | 0.00 | 0.08 | 0.16 |
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?
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Already Invested in Vanguard Total Bond?
The danger of trading Vanguard Total Bond 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 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.
When determining whether Vanguard Total Bond is a strong investment it is important to analyze Vanguard Total's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vanguard Total's future performance. For an informed investment choice regarding Vanguard Etf, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Vanguard Total Bond. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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When running Vanguard Total's 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 the 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.
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The market value of Vanguard Total Bond 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 Total's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Total'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 Total's market value can be influenced by many factors that don't directly affect Vanguard Total'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 Total's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Total is a good investment 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.