| 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 |
|
Return |
SD |
| Corporate Bond |
AC1 |
1.00 |
0.96 |
-0.29 |
-0.54 |
-0.14 |
0.84 |
0.73 |
-0.19 |
|
1.57 |
1.07 |
| CRISIL 1 Yr T-Bill |
AC2 |
0.96 |
1.00 |
-0.07 |
-0.74 |
0.05 |
0.80 |
0.67 |
0.04 |
|
1.63 |
0.34 |
| Emerging Market |
AC3 |
-0.29 |
-0.07 |
1.00 |
0.76 |
0.28 |
-0.18 |
-0.13 |
0.99 |
|
9.90 |
95.74 |
| Equity India |
AC4 |
-0.54 |
-0.74 |
0.76 |
1.00 |
-0.48 |
-0.43 |
-0.34 |
0.82 |
|
-3.29 |
19.20 |
| Gilt 10 years |
AC5 |
-0.14 |
0.05 |
0.28 |
-0.48 |
1.00 |
-0.01 |
-0.02 |
0.26 |
|
-0.57 |
13.18 |
| Gold |
AC6 |
0.84 |
0.80 |
-0.18 |
-0.43 |
-0.01 |
1.00 |
0.95 |
-0.08 |
|
4.91 |
16.53 |
| Silver |
AC7 |
0.73 |
0.67 |
-0.13 |
-0.34 |
-0.02 |
0.95 |
1.00 |
-0.05 |
|
2.30 |
35.47 |
| World Index |
AC8 |
-0.19 |
0.04 |
0.99 |
0.82 |
0.26 |
-0.08 |
-0.05 |
1.00 |
|
9.94 |
94.70 |
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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. |
36.76% |
| Portfolio Return |
3.30% |
| Start Date |
27 Aug 2024 |
| End Date |
26 Nov 2024 |
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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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