Strategic Allocation: Correlations

ASMRX Fund

USD 6.28 0.01 0.16%

The current 90-days correlation between Strategic Allocation: and Growth Strategy Fund is 0.79 (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.

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 metropolitan statistical area.

Moving together with Strategic Mutual Fund

0.73	TWBIX	Balanced Fund Investor	Pair Corr
0.98	AOGIX	One Choice Portfolio	Pair Corr
0.72	APISX	Short Duration Inflation	Pair Corr
0.72	APOIX	Short Duration Inflation	Pair Corr
0.69	BCHIX	California High Yield	Pair Corr
0.69	AREDX	Real Estate Fund	Pair Corr
0.95	ASMDX	Strategic Allocation:	Pair Corr
0.87	ASVIX	Small Cap Value	Pair Corr
0.65	ATBYX	Intermediate Term Tax	Pair Corr
0.81	ACHFX	American Century High	Pair Corr
0.64	ACITX	Inflation Adjusted Bond	Pair Corr
0.7	CAYCX	California High Yield	Pair Corr
0.85	FBONX	American Funds American	Pair Corr
0.85	FBAFX	American Funds American	Pair Corr
0.78	ABALX	American Balanced	Pair Corr
0.85	BALCX	American Balanced	Pair Corr
0.78	BALFX	American Balanced	Pair Corr
0.85	RLBCX	American Balanced	Pair Corr
0.77	RLBBX	American Balanced	Pair Corr
0.78	CLBAX	American Balanced	Pair Corr
0.78	CLBEX	American Balanced	Pair Corr
0.85	RLBFX	American Balanced	Pair Corr

Related Correlations Analysis

	RALVX	TEOJX	EGLNX	ANGCX	EMSLX	POEIX	DBELX
RALVX		0.18	0.34	0.41	0.15	0.03	0.27	RALVX
TEOJX	0.18		-0.71	0.73	0.9	0.83	0.93	TEOJX
EGLNX	0.34	-0.71		-0.34	-0.74	-0.59	-0.68	EGLNX
ANGCX	0.41	0.73	-0.34		0.55	0.52	0.79	ANGCX
EMSLX	0.15	0.9	-0.74	0.55		0.6	0.9	EMSLX
POEIX	0.03	0.83	-0.59	0.52	0.6		0.62	POEIX
DBELX	0.27	0.93	-0.68	0.79	0.9	0.62		DBELX
	RALVX	TEOJX	EGLNX	ANGCX	EMSLX	POEIX	DBELX

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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

DBELX	+ 0.93	TEOJX
EMSLX	+ 0.9	TEOJX
DBELX	+ 0.9	EMSLX
POEIX	+ 0.83	TEOJX
DBELX	+ 0.79	ANGCX
ANGCX	+ 0.73	TEOJX

High negative correlations

EMSLX	- 0.74	EGLNX
EGLNX	- 0.71	TEOJX
DBELX	- 0.68	EGLNX
POEIX	- 0.59	EGLNX
ANGCX	- 0.34	EGLNX

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
RALVX	0.42	(0.06)	0.00	(1.04)	0.00	0.00	0.64	(0.71)	3.50
TEOJX	0.59	(0.12)	0.00	(0.58)	0.00	0.00	1.21	(1.49)	3.65
EGLNX	0.84	0.18	0.14	0.58	1.01	(0.92)	1.86	(1.70)	5.83
ANGCX	0.10	(0.04)	0.00	(1.27)	0.00	0.00	0.12	(0.23)	0.70
EMSLX	0.76	(0.21)	0.00	(0.90)	0.00	0.00	1.26	(2.47)	6.64
POEIX	0.56	(0.03)	0.00	(0.15)	0.00	0.00	1.24	(1.23)	3.55
DBELX	0.27	(0.12)	0.00	(2.02)	0.00	0.00	0.47	(0.68)	2.00

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Strategic Allocation: Correlations

Moving together with Strategic Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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