Balanced Fund Correlations

Mutual Funds . USA . 
Fund . Balanced Fund Class
JBATX Fund  USD 28.39  0.05  0.18%   
The current 90-days correlation between Balanced Fund Class and Ab Bond Inflation is 0.16 (i.e., Average 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

Poor diversification

The correlation between Balanced Fund Class and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Class and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Balanced Fund Class. 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 estimate.

Moving together with Balanced Mutual Fund

  0.65JQLMX Multimanager LifestylePairCorr
  0.84JQLBX Multimanager LifestylePairCorr
  0.95JQLAX Multimanager LifestylePairCorr
  0.92JQLGX Multimanager LifestylePairCorr
  0.93JRBFX Regional BankPairCorr
  0.94JRETX J Hancock IiPairCorr
  0.93JRGRX Regional BankPairCorr
  0.87JRLUX Multi Index 2045PairCorr
  0.89JRLWX Retirement Living ThroughPairCorr
  0.89JRLZX Retirement Living ThroughPairCorr
  0.94JROUX J Hancock IiPairCorr
  0.89JRODX J Hancock IiPairCorr
  0.91JAAJX Jhancock Multi IndexPairCorr
  0.69JRTGX Retirement Living ThroughPairCorr
  0.71JRTIX Multi Index 2030PairCorr
  0.93JAAVX Jhancock MultimanagerPairCorr
  0.77JRTKX Retirement Living ThroughPairCorr
  0.7JRTJX Retirement Living ThroughPairCorr
  0.93JAAWX Jhancock MultimanagerPairCorr
  0.78JRTMX Multi Index 2035PairCorr
  0.77JRTNX Retirement Living ThroughPairCorr
  0.93JABDX Jhancock MultimanagerPairCorr
  0.83JRTTX Retirement Living ThroughPairCorr
  0.94JABBX Jhancock MultimanagerPairCorr
  0.75JABFX Jhancock Real EstatePairCorr
  0.83JRTWX Retirement Living ThroughPairCorr
  0.93JABEX Jhancock MultimanagerPairCorr
  0.84JRTVX Multi Index 2040PairCorr

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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