Strategic Allocation: Correlations

ACOAX Fund

USD 6.39 0.02 0.31%

The current 90-days correlation between Strategic Allocation: and Icon Financial Fund is 0.62 (i.e., Poor diversification). The correlation of Strategic Allocation: is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Strategic Allocation: Correlation With Market

Poor diversification

The correlation between Strategic Allocation Moderate and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Allocation Moderate and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Strategic Allocation Moderate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Strategic Mutual Fund

0.64	AMDVX	Mid Cap Value	Pair Corr
0.69	AMEIX	Equity Growth	Pair Corr
0.77	AMGIX	Income Growth	Pair Corr
0.73	AMVYX	Mid Cap Value	Pair Corr
0.65	AMVRX	Mid Cap Value	Pair Corr
0.68	TWBIX	Balanced Fund Investor	Pair Corr
0.64	AMVGX	Mid Cap Value	Pair Corr
0.65	TWGAX	International Growth	Pair Corr
0.83	TWGGX	Global Growth	Pair Corr
0.65	TWIEX	International Growth	Pair Corr
0.74	TWHIX	Heritage Fund Investor	Pair Corr
0.79	TWSCX	Strategic Allocation:	Pair Corr
0.87	TWSAX	Strategic Allocation:	Pair Corr
0.88	TWSMX	Strategic Allocation:	Pair Corr

Related Correlations Analysis

	ICFAX	MCBXX	PSSRX	DVFYX	GCFSX	MSVIX	FTIXX	FIKBX
ICFAX		0.0	0.88	0.5	0.03	0.89	0.0	0.87	ICFAX
MCBXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MCBXX
PSSRX	0.88	0.0		0.72	0.35	0.82	0.0	0.99	PSSRX
DVFYX	0.5	0.0	0.72		0.85	0.35	0.0	0.75	DVFYX
GCFSX	0.03	0.0	0.35	0.85		-0.12	0.0	0.38	GCFSX
MSVIX	0.89	0.0	0.82	0.35	-0.12		0.0	0.82	MSVIX
FTIXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FTIXX
FIKBX	0.87	0.0	0.99	0.75	0.38	0.82	0.0		FIKBX
	ICFAX	MCBXX	PSSRX	DVFYX	GCFSX	MSVIX	FTIXX	FIKBX

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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

FIKBX	+ 0.99	PSSRX
MSVIX	+ 0.89	ICFAX
PSSRX	+ 0.88	ICFAX
FIKBX	+ 0.87	ICFAX
GCFSX	+ 0.85	DVFYX
MSVIX	+ 0.82	PSSRX

High negative correlations

MSVIX	- 0.12	GCFSX
FIKBX	- 0.0	FTIXX
FTIXX	- 0.0	MSVIX
FTIXX	- 0.0	GCFSX
FTIXX	- 0.0	DVFYX
FTIXX	- 0.0	PSSRX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Allocation: 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 Strategic Allocation:'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
ICFAX	0.78	(0.02)	0.00	(0.04)	0.00	0.00	1.32	(2.07)	3.93
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PSSRX	0.94	(0.05)	0.00	(0.07)	0.00	0.00	1.85	(2.57)	6.03
DVFYX	0.80	0.10	0.10	(15.73)	1.05	(0.81)	1.65	(1.41)	6.47
GCFSX	0.71	0.12	0.14	(2.14)	0.85	(0.78)	1.80	(1.39)	4.68
MSVIX	0.84	(0.03)	0.00	(0.05)	0.00	0.00	1.60	(1.74)	4.25
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.85	0.01	0.00	(0.01)	0.00	0.00	1.73	(1.95)	6.29

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