Balanced Fund Correlations

Mutual Funds . USA . 
Fund . Balanced Fund Retail
FLDFX Fund  USD 12.46  0.11  0.89%   
The current 90-days correlation between Balanced Fund Retail and Muirfield Fund Retail is 0.99 (i.e., No risk reduction). The correlation of Balanced Fund 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.

Balanced Fund Correlation With Market

Poor diversification

The correlation between Balanced Fund Retail and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Retail and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Balanced Fund Retail. 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 census.

Moving together with Balanced Mutual Fund

  0.97SRUAX Spectrum Fund AdviserPairCorr
  0.97SRUIX Spectrum Fund InstitPairCorr
  0.99QNTAX Quantex Fund AdviserPairCorr
  0.99QNTIX Quantex Fund InstituPairCorr
  0.69IFAAX Infrastructure FundPairCorr
  0.69IFAIX Infrastructure FundPairCorr
  1.0BLNIX Balanced Fund InstitPairCorr
  1.0BLNAX Balanced Fund AdviserPairCorr
  0.99FLCGX Quantex Fund RetailPairCorr
  0.97FLDOX Dividend OpportunitiesPairCorr
  0.99FLDGX Dynamic GrowthPairCorr
  0.76FLFGX Global OpportunitiesPairCorr
  0.99FLMIX Muirfield Fund InstiPairCorr
  0.99FLMFX Muirfield Fund RetailPairCorr
  0.99FLMAX Muirfield Fund AdviserPairCorr
  0.7FLRUX Infrastructure FundPairCorr
  0.97FLSPX Spectrum Fund RetailPairCorr
  0.96DVOIX Dividend OpportunitiesPairCorr
  0.96DVOAX Dividend OpportunitiesPairCorr
  0.65GBPAX Global OpportunitiesPairCorr
  0.75GBPIX Global OpportunitiesPairCorr
  0.99DYGIX Dynamic GrowthPairCorr
  0.99DYGAX Dynamic GrowthPairCorr

Moving against Balanced Mutual Fund

  0.35QREARX Teachers Insurance AndPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Balanced Mutual Fund performing well and Balanced Fund 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 Balanced Fund'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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