| 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 1 Year. |
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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 |
-0.05 |
-0.28 |
-0.93 |
0.94 |
0.51 |
0.02 |
|
11.72 |
13.63 |
| CRISIL 1 Yr T-Bill |
AC2 |
0.95 |
1.00 |
-0.13 |
-0.40 |
-0.92 |
0.94 |
0.46 |
-0.03 |
|
6.41 |
1.24 |
| Emerging Market |
AC3 |
-0.05 |
-0.13 |
1.00 |
0.84 |
0.20 |
0.05 |
0.50 |
0.35 |
|
7.68 |
124.06 |
| Equity India |
AC4 |
-0.28 |
-0.40 |
0.84 |
1.00 |
0.39 |
-0.18 |
0.29 |
0.39 |
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-5.54 |
36.25 |
| Gilt 10 years |
AC5 |
-0.93 |
-0.92 |
0.20 |
0.39 |
1.00 |
-0.86 |
-0.41 |
0.01 |
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-10.59 |
16.29 |
| Gold |
AC6 |
0.94 |
0.94 |
0.05 |
-0.18 |
-0.86 |
1.00 |
0.62 |
0.04 |
|
36.56 |
26.32 |
| Silver |
AC7 |
0.51 |
0.46 |
0.50 |
0.29 |
-0.41 |
0.62 |
1.00 |
0.25 |
|
20.72 |
403.16 |
| World Index |
AC8 |
0.02 |
-0.03 |
0.35 |
0.39 |
0.01 |
0.04 |
0.25 |
1.00 |
|
7.27 |
403.06 |
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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. |
38.21% |
| Portfolio Return |
9.28% |
| Start Date |
25 Sep 2019 |
| End Date |
24 Sep 2020 |
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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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