Strategic Allocation Correlations

Mutual Funds . USA . 
Fund . Strategic Allocation Moderate
ASMDX Fund  USD 6.43  0.02  0.31%   
The current 90-days correlation between Strategic Allocation and Eip Growth And is -0.11 (i.e., Good 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

Good diversification

The correlation between Strategic Allocation Moderate and DJI is -0.2 (i.e., Good 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 unemployment.

Moving together with Strategic Mutual Fund

  0.83AMDVX Mid Cap ValuePairCorr
  0.76AMGIX Income GrowthPairCorr
  0.69TWADX Value Fund APairCorr
  0.62TWCCX Ultra Fund CPairCorr
  0.62TWCAX Select Fund APairCorr
  0.7TWCIX Select Fund InvestorPairCorr
  0.64TWCGX Growth Fund InvestorPairCorr
  0.83AMVYX Mid Cap ValuePairCorr
  0.83AMVRX Mid Cap ValuePairCorr
  0.75TWBIX Balanced Fund InvestorPairCorr
  0.83AMVGX Mid Cap ValuePairCorr
  0.65TWEAX Equity IncomePairCorr
  0.74TWEIX Equity IncomePairCorr
  0.64TWGIX Growth Fund IPairCorr
  0.8TWGGX Global GrowthPairCorr
  0.84TWHIX Heritage Fund InvestorPairCorr
  0.66TWRCX Growth Fund CPairCorr
  0.97TWSCX Strategic Allocation:PairCorr
  0.99TWSAX Strategic Allocation:PairCorr
  1.0TWSMX Strategic Allocation:PairCorr
  0.62TWSIX Select Fund IPairCorr
  0.79TWVLX Value Fund InvestorPairCorr

Related Correlations Analysis

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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.

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