Aggressive Balanced Correlations

SABIX Fund

USD 11.58 0.04 0.34%

The current 90-days correlation between Aggressive Balanced and World Precious Minerals is 0.41 (i.e., Very weak diversification). The correlation of Aggressive Balanced 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.

Aggressive Balanced Correlation With Market

Very poor diversification

The correlation between Aggressive Balanced Allocation and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Balanced Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Aggressive Balanced Allocation. 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 gross domestic product.

Moving together with Aggressive Mutual Fund

1.0	SABAX	Salient Alternative Beta	Pair Corr
1.0	SABCX	Salient Alternative Beta	Pair Corr
1.0	SAMAX	Moderately Aggressive	Pair Corr
1.0	SAMCX	Salient Mlp Fund	Pair Corr
1.0	SAMIX	Moderately Aggressive	Pair Corr
0.86	SSCCX	Small Capitalization	Pair Corr
0.87	SSCPX	Small Capitalization	Pair Corr
0.87	SSCYX	Small Capitalization	Pair Corr
1.0	SBCCX	Moderately Conservative	Pair Corr
1.0	SBMCX	Moderate Balanced	Pair Corr
1.0	SBMIX	Moderate Balanced	Pair Corr
0.96	STPAX	Technology Communications	Pair Corr
0.96	STPCX	Technology Communications	Pair Corr
0.91	STPIX	Technology Communications	Pair Corr
0.98	SCAAX	Conservative Balanced	Pair Corr
0.98	SUMCX	Conservative Balanced	Pair Corr
0.88	SFPCX	Financial Services	Pair Corr
0.91	SFPAX	Financial Services	Pair Corr
0.91	SFPIX	Financial Services	Pair Corr
0.97	SLCGX	Large Capitalization	Pair Corr
0.96	SLCVX	Large Cap Value	Pair Corr
0.96	SLGCX	Large Capitalization	Pair Corr
0.97	SLGYX	Large Capitalization	Pair Corr
0.96	SLVCX	Large Cap Value	Pair Corr
0.96	SLVYX	Large Cap Value	Pair Corr
1.0	SMACX	Moderately Conservative	Pair Corr

Moving against Aggressive Mutual Fund

0.55	SIBPX	Investment Quality Bond	Pair Corr
0.5	SIECX	International Equity	Pair Corr
0.46	SIEYX	International Equity	Pair Corr
0.52	SQBAX	Investment Quality Bond	Pair Corr
0.52	SQBCX	Investment Quality Bond	Pair Corr
0.46	SIEPX	International Equity	Pair Corr

Related Correlations Analysis

	UNWPX	FGDIX	QGLDX	IIGCX	GCEBX	XGGNX	TAGGX	AGYCX
UNWPX		0.97	0.95	0.97	0.55	0.94	-0.14	0.97	UNWPX
FGDIX	0.97		0.97	1.0	0.52	0.94	-0.12	1.0	FGDIX
QGLDX	0.95	0.97		0.97	0.49	0.96	-0.08	0.97	QGLDX
IIGCX	0.97	1.0	0.97		0.5	0.95	-0.1	1.0	IIGCX
GCEBX	0.55	0.52	0.49	0.5		0.38	-0.66	0.51	GCEBX
XGGNX	0.94	0.94	0.96	0.95	0.38		0.01	0.95	XGGNX
TAGGX	-0.14	-0.12	-0.08	-0.1	-0.66	0.01		-0.11	TAGGX
AGYCX	0.97	1.0	0.97	1.0	0.51	0.95	-0.11		AGYCX
	UNWPX	FGDIX	QGLDX	IIGCX	GCEBX	XGGNX	TAGGX	AGYCX

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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

IIGCX	+ 1.0	FGDIX
AGYCX	+ 1.0	FGDIX
AGYCX	+ 1.0	IIGCX
FGDIX	+ 0.97	UNWPX
IIGCX	+ 0.97	UNWPX
AGYCX	+ 0.97	UNWPX

High negative correlations

TAGGX	- 0.66	GCEBX
TAGGX	- 0.14	UNWPX
TAGGX	- 0.12	FGDIX
AGYCX	- 0.11	TAGGX
TAGGX	- 0.1	IIGCX
TAGGX	- 0.08	QGLDX

Risk-Adjusted Indicators

There is a big difference between Aggressive Mutual Fund performing well and Aggressive Balanced 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 Aggressive Balanced'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
UNWPX	1.22	0.38	0.24	0.98	1.19	(1.56)	3.11	(2.30)	8.41
FGDIX	1.21	0.47	0.32	0.93	1.05	(1.43)	3.15	(2.54)	6.82
QGLDX	0.69	0.22	0.29	2.55	0.53	(0.81)	1.71	(1.31)	3.97
IIGCX	1.22	0.45	0.31	0.98	0.99	(1.38)	3.26	(2.64)	7.27
GCEBX	0.69	0.08	0.09	0.26	1.00	(0.72)	1.49	(2.27)	4.21
XGGNX	0.55	0.18	0.28	5.91	0.38	(0.69)	1.44	(0.78)	3.21
TAGGX	0.65	0.01	0.00	(0.01)	0.00	0.00	1.25	(1.47)	4.00
AGYCX	1.21	0.47	0.31	0.91	1.05	(1.42)	2.74	(2.62)	7.30

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