| Your Current Location : Correlation : Asset Class Correlation |
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Asset Class Correlation Matrix |
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| The following table shows return correlations between various Asset Classes over the past 3 Months. |
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AC1 |
AC2 |
AC3 |
AC4 |
AC5 |
AC6 |
AC7 |
AC8 |
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Return |
SD |
| Corporate Bond |
AC1 |
1.00 |
0.95 |
0.32 |
0.07 |
-0.80 |
-0.16 |
-0.43 |
0.37 |
|
2.28 |
6.79 |
| CRISIL 1 Yr T-Bill |
AC2 |
0.95 |
1.00 |
0.21 |
0.06 |
-0.77 |
-0.23 |
-0.50 |
0.27 |
|
1.22 |
0.64 |
| Emerging Market |
AC3 |
0.32 |
0.21 |
1.00 |
0.44 |
-0.25 |
0.80 |
0.08 |
1.00 |
|
-4.37 |
60.87 |
| Equity India |
AC4 |
0.07 |
0.06 |
0.44 |
1.00 |
-0.06 |
-0.02 |
0.08 |
0.49 |
|
10.50 |
685.27 |
| Gilt 10 years |
AC5 |
-0.80 |
-0.77 |
-0.25 |
-0.06 |
1.00 |
-0.05 |
0.31 |
-0.30 |
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-0.93 |
13.35 |
| Gold |
AC6 |
-0.16 |
-0.23 |
0.80 |
-0.02 |
-0.05 |
1.00 |
0.42 |
0.77 |
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-1.29 |
13.40 |
| Silver |
AC7 |
-0.43 |
-0.50 |
0.08 |
0.08 |
0.31 |
0.42 |
1.00 |
0.04 |
|
-3.40 |
29.46 |
| World Index |
AC8 |
0.37 |
0.27 |
1.00 |
0.49 |
-0.30 |
0.77 |
0.04 |
1.00 |
|
-3.92 |
65.12 |
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Note :
- Returns upto 1 year are absolute and over 1 year are compounded and annualised.
- Standard Deviations are calculated on daily return basis for the given period and are annualised.
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Intra-Portfolio Diversification 
Diversification can be quantified as the intra-portfolio correlation. This indicate Percent of diversifiable risk eliminated. |
38.88% |
| Portfolio Return |
0.01% |
| Start Date |
26 Jun 2022 |
| End Date |
24 Sep 2022 |
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| Each cell represents the correlation between the two corresponding assets. |
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| Cell Color |
Description |
Diversification Benefit |
| -1.00 to -0.40 |
Asset pair with negative correlation |
Excellent Diversification |
| -0.40 to 0.00 |
Asset pair with slight negative correlation |
Good Diversification |
| 0.00 to 0.60 |
Asset pair with mild positive correlation |
Moderate Diversification |
| 0.60 to 1.00 |
Asset pair with strong positive correlation |
Poor Diversification |
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