Conservative Allocation Correlations
| GFIZX Fund | USD 11.57 0.03 0.26% |
The current 90-days correlation between Conservative Allocation and Prudential Health Sciences is 0.52 (i.e., Very weak diversification). The correlation of Conservative 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.
Conservative Allocation Correlation With Market
Very weak diversification
The correlation between Conservative Allocation Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conservative Allocation Fund and DJI in the same portfolio, assuming nothing else is changed.
Conservative |
Moving together with Conservative Mutual Fund
| 0.81 | GCOZX | Growth Allocation | PairCorr |
| 0.67 | GGBZX | Aggressive Allocation | PairCorr |
| 0.99 | GGIZX | Balanced Allocation | PairCorr |
| 0.8 | GGRYX | Growth Allocation | PairCorr |
| 0.67 | GLDYX | Low Duration Bond | PairCorr |
| 0.7 | GMFZX | Mydestination 2045 | PairCorr |
| 0.65 | GMHYX | Mydestination 2035 | PairCorr |
| 0.65 | GMHZX | Mydestination 2035 | PairCorr |
| 0.74 | GMGYX | Mydestination 2055 | PairCorr |
| 0.74 | GMGZX | Mydestination 2055 | PairCorr |
| 0.75 | GMTYX | Mydestination 2015 | PairCorr |
Related Correlations Analysis
| 0.8 | 0.64 | 0.92 | 0.89 | 0.83 | PHLAX | ||
| 0.8 | 0.25 | 0.86 | 0.85 | 0.64 | THQ | ||
| 0.64 | 0.25 | 0.4 | 0.32 | 0.7 | LHCCX | ||
| 0.92 | 0.86 | 0.4 | 0.97 | 0.63 | RAGHX | ||
| 0.89 | 0.85 | 0.32 | 0.97 | 0.65 | XXGRX | ||
| 0.83 | 0.64 | 0.7 | 0.63 | 0.65 | ETAHX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Conservative Mutual Fund performing well and Conservative 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 Conservative 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PHLAX | 0.68 | (0.18) | 0.00 | (0.18) | 0.00 | 1.04 | 5.07 | |||
| THQ | 0.82 | (0.19) | 0.00 | (0.17) | 0.00 | 1.41 | 5.19 | |||
| LHCCX | 0.75 | (0.11) | 0.00 | (0.05) | 0.00 | 1.50 | 5.15 | |||
| RAGHX | 0.60 | (0.18) | 0.00 | (0.17) | 0.00 | 0.96 | 3.33 | |||
| XXGRX | 0.65 | (0.24) | 0.00 | (0.27) | 0.00 | 1.01 | 2.74 | |||
| ETAHX | 1.09 | (0.21) | 0.00 | (0.09) | 0.00 | 2.27 | 7.54 |