Vanguard Intermediate-ter Correlations
| VWIUX Fund | USD 13.48 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Intermediate Term Tax Exempt. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. Vanguard |
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 Mutual Fund
| + | 0.83 | VMIAX | Vanguard Materials Index | PairCorr | ||
| + | 0.95 | VMLUX | Vanguard Limited-term | PairCorr | ||
| + | 0.96 | VMLTX | Vanguard Limited-term | PairCorr | ||
| + | 0.89 | VMNVX | Vanguard Global Minimum | PairCorr | ||
| + | 0.88 | VMMSX | Vanguard Emerging Markets | PairCorr | ||
| + | 0.87 | VMVAX | Vanguard Mid-cap Value | PairCorr | ||
| + | 0.87 | VMVIX | Vanguard Mid-cap Value | PairCorr | ||
| + | 0.89 | VMVFX | Vanguard Global Minimum | PairCorr | ||
| + | 0.85 | VMVLX | Vanguard Mega Cap | PairCorr | ||
| + | 0.99 | VNJUX | Vanguard New Jersey | PairCorr | ||
| + | 0.96 | VNJTX | Vanguard New Jersey | PairCorr | ||
| + | 0.99 | VNYTX | Vanguard New York | PairCorr | ||
| + | 1.0 | VNYUX | Vanguard New York | PairCorr | ||
| + | 0.99 | VOHIX | Vanguard Ohio Long-term | PairCorr | ||
| + | 0.89 | VPADX | Vanguard Pacific Stock | PairCorr | ||
| + | 0.88 | VPACX | Vanguard Pacific Stock | PairCorr | ||
| + | 0.82 | VPCCX | Vanguard Primecap Core | PairCorr | ||
| + | 0.99 | VPALX | Vanguard Pennsylvania | PairCorr |
Related Correlations Analysis
VWITX | AFTEX | AFTFX | TEBCX | TEAFX | TFEBX | FLTMX | ||
VWITX | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | VWITX | |
AFTEX | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | AFTEX | |
AFTFX | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | AFTFX | |
TEBCX | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | TEBCX | |
TEAFX | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | TEAFX | |
TFEBX | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | TFEBX | |
FLTMX | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | FLTMX | |
VWITX | AFTEX | AFTFX | TEBCX | TEAFX | TFEBX | FLTMX |
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Risk-Adjusted Indicators
There is a big difference between Vanguard Mutual Fund performing well and Vanguard Intermediate-ter 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 Vanguard Intermediate-ter'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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| VWITX | 0.20 | 0.02 | 0.07 | 0.17 | 0.15 | 0.07 | (0.24) | 0.60 | (0.46) | 1.16 | |
| AFTEX | 0.24 | 0.02 | 0.07 | 0.16 | 0.19 | 0.07 | (0.31) | 0.68 | (0.59) | 1.37 | |
| AFTFX | 0.24 | 0.02 | 0.06 | 0.15 | 0.20 | 0.07 | (0.31) | 0.68 | (0.59) | 1.37 | |
| TEBCX | 0.23 | 0.02 | 0.06 | 0.13 | 0.20 | 0.06 | (0.30) | 0.68 | (0.59) | 1.37 | |
| TEAFX | 0.24 | 0.02 | 0.07 | 0.16 | 0.19 | 0.07 | (0.31) | 0.68 | (0.59) | 1.37 | |
| TFEBX | 0.24 | 0.02 | 0.07 | 0.17 | 0.19 | 0.07 | (0.31) | 0.68 | (0.59) | 1.37 | |
| FLTMX | 0.16 | 0.02 | 0.06 | 0.15 | 0.10 | 0.07 | (0.24) | 0.52 | (0.51) | 1.04 |
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.Did you try this?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Already 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Intermediate Term Tax Exempt. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Vanguard Mutual Fund analysis
When running Vanguard Intermediate-ter's 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 the 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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