Balanced Fund Correlations

Mutual Funds . USA . 
Fund . Balanced Fund Class
JBAWX Fund  USD 28.74  0.15  0.52%   
The current 90-days correlation between Balanced Fund Class and Tax Managed Large Cap is 0.79 (i.e., Poor 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

Significant diversification

The correlation between Balanced Fund Class and DJI is 0.06 (i.e., Significant 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 housing.

Moving together with Balanced Mutual Fund

  0.71FRBAX Regional BankPairCorr
  0.71FRBCX Regional BankPairCorr
  0.75JQLMX Multimanager LifestylePairCorr
  0.8JQLBX Multimanager LifestylePairCorr
  0.82JQLAX Multimanager LifestylePairCorr
  0.71JQLCX Multimanager LifestylePairCorr
  0.81JQLGX Multimanager LifestylePairCorr
  0.71JRBFX Regional BankPairCorr
  0.85JRETX J Hancock IiPairCorr
  0.71JRGRX Regional BankPairCorr
  0.62JRLIX Retirement Living ThroughPairCorr
  0.61JRLKX Multi Index 2015PairCorr
  0.62JRLLX Retirement Living ThroughPairCorr
  0.64JRLOX Retirement Living ThroughPairCorr
  0.86JRLQX Retirement Living ThroughPairCorr
  0.64JRLPX Multi Index 2020PairCorr
  0.86JRLUX Multi Index 2045PairCorr
  0.87JRLWX Retirement Living ThroughPairCorr
  0.86JRLVX Retirement Living ThroughPairCorr
  0.87JRLZX Retirement Living ThroughPairCorr
  0.85JROUX J Hancock IiPairCorr
  0.87JRODX J Hancock IiPairCorr
  0.82JAAFX Jhancock Multi IndexPairCorr
  0.82JAAJX Jhancock Multi IndexPairCorr
  0.84JAAIX Alternative AssetPairCorr
  0.82JAAKX Jhancock Multi IndexPairCorr
  0.85JAAPX Alternative AssetPairCorr
  0.67JRTBX Retirement Living ThroughPairCorr
  0.64JRTAX Retirement Living ThroughPairCorr
  0.83JAARX Alternative AssetPairCorr
  0.67JRTDX Multi Index 2025PairCorr
  0.73JRTGX Retirement Living ThroughPairCorr
  0.67JRTFX Retirement Living ThroughPairCorr
  0.85JAASX Alternative AssetPairCorr
  0.74JRTIX Multi Index 2030PairCorr
  0.84JAAVX Jhancock MultimanagerPairCorr
  0.79JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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