Balanced Fund Correlations

FOBPX Fund

USD 20.97 0.07 0.33%

The current 90-days correlation between Balanced Fund Instit and Short Oil Gas is -0.22 (i.e., Very good diversification). 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

Very poor diversification

The correlation between Balanced Fund Institutional and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Institutional 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 Institutional. 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 american community survey.

Moving together with Balanced Mutual Fund

0.94	FSMBX	Tributary Smallmid Cap	Pair Corr
0.94	FSMCX	Tributary Smallmid Cap	Pair Corr
1.0	FOBAX	Balanced Fund Instit	Pair Corr
0.86	FOSCX	Small Pany Fund	Pair Corr
0.87	FOSBX	Small Pany Fund	Pair Corr
0.95	FBONX	American Funds American	Pair Corr
0.95	FBAFX	American Funds American	Pair Corr
0.95	ABALX	American Balanced	Pair Corr
0.95	BALCX	American Balanced	Pair Corr
0.95	BALFX	American Balanced	Pair Corr
0.95	RLBCX	American Balanced	Pair Corr
0.95	RLBBX	American Balanced	Pair Corr
0.95	CLBAX	American Balanced	Pair Corr
0.95	CLBEX	American Balanced	Pair Corr
0.95	RLBFX	American Balanced	Pair Corr
0.97	SPGSX	State Street Premier	Pair Corr
0.97	VIGAX	Vanguard Growth Index	Pair Corr
0.97	RGRYX	Victory Rs Growth	Pair Corr
0.71	PFN	Pimco Income Strategy	Pair Corr
0.99	FBALX	Fidelity Balanced	Pair Corr
0.9	WCPSX	Mobile Telecommunicatio	Pair Corr
0.82	AMVYX	Mid Cap Value	Pair Corr
0.87	FAIGX	Fidelity Advisor Balanced	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.67	FXIFX	Fidelity Freedom Index	Pair Corr
0.97	CSQ	Calamos Strategic Total	Pair Corr
0.7	FMSGX	Frontier Mfg Global	Pair Corr

Moving against Balanced Mutual Fund

0.67	FOIPX	Income Fund Institutional	Pair Corr
0.67	FOINX	Income Fund Institutional	Pair Corr
0.45	FONPX	Tributary Nebraska Tax	Pair Corr
0.78	KF	Korea Closed	Pair Corr

Related Correlations Analysis

	SNPIX	CGAEX	APWEX	GMOWX	SBMBX	XNDPX	DLDCX
SNPIX		0.24	-0.91	-0.14	-0.71	-0.95	-0.87	SNPIX
CGAEX	0.24		-0.26	0.78	0.46	-0.38	0.2	CGAEX
APWEX	-0.91	-0.26		-0.03	0.59	0.96	0.84	APWEX
GMOWX	-0.14	0.78	-0.03		0.74	-0.07	0.48	GMOWX
SBMBX	-0.71	0.46	0.59	0.74		0.55	0.92	SBMBX
XNDPX	-0.95	-0.38	0.96	-0.07	0.55		0.8	XNDPX
DLDCX	-0.87	0.2	0.84	0.48	0.92	0.8		DLDCX
	SNPIX	CGAEX	APWEX	GMOWX	SBMBX	XNDPX	DLDCX

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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

XNDPX	+ 0.96	APWEX
DLDCX	+ 0.92	SBMBX
DLDCX	+ 0.84	APWEX
DLDCX	+ 0.8	XNDPX
GMOWX	+ 0.78	CGAEX
SBMBX	+ 0.74	GMOWX

High negative correlations

XNDPX	- 0.95	SNPIX
APWEX	- 0.91	SNPIX
DLDCX	- 0.87	SNPIX
SBMBX	- 0.71	SNPIX
XNDPX	- 0.38	CGAEX
APWEX	- 0.26	CGAEX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SNPIX	0.91	0.00	0.00	0.11	0.00	0.00	2.11	(1.71)	6.81
CGAEX	0.75	(0.09)	0.00	(0.10)	0.00	0.00	1.46	(1.90)	4.70
APWEX	0.89	0.06	0.04	0.17	1.01	(0.96)	1.83	(1.79)	5.85
GMOWX	1.07	(0.14)	0.00	(0.18)	0.00	0.00	1.80	(2.79)	5.49
SBMBX	0.74	(0.09)	0.00	(0.02)	0.00	0.00	1.34	(1.63)	3.99
XNDPX	0.92	0.10	0.05	0.26	1.13	(0.94)	1.83	(2.38)	6.62
DLDCX	0.91	(0.06)	(0.06)	0.04	1.30	(0.90)	1.58	(2.05)	4.99

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