Balanced Fund Correlations

SVBCX Fund

USD 28.83 0.13 0.45%

The current 90-days correlation between Balanced Fund Class and Fundamental Large Cap is 0.07 (i.e., Significant 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

Good diversification

The correlation between Balanced Fund Class and DJI is -0.02 (i.e., Good 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 World Market Map 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 main economic indicators.

Moving together with Balanced Mutual Fund

0.63	FRBAX	Regional Bank	Pair Corr
0.63	FRBCX	Regional Bank	Pair Corr
0.66	JQLMX	Multimanager Lifestyle	Pair Corr
0.67	JQLBX	Multimanager Lifestyle	Pair Corr
0.66	JQLAX	Multimanager Lifestyle Potential Growth	Pair Corr
0.71	JQLCX	Multimanager Lifestyle	Pair Corr
0.81	JQLGX	Multimanager Lifestyle Potential Growth	Pair Corr
0.63	JRBFX	Regional Bank	Pair Corr
0.85	JRETX	J Hancock Ii	Pair Corr
0.63	JRGRX	Regional Bank	Pair Corr
0.62	JRLKX	Multi Index 2015	Pair Corr
0.62	JRLLX	Retirement Living Through	Pair Corr
0.86	JRLQX	Retirement Living Through	Pair Corr
0.64	JRLPX	Multi Index 2020	Pair Corr
0.72	JRLUX	Multi Index 2045	Pair Corr
0.87	JRLWX	Retirement Living Through	Pair Corr
0.72	JRLVX	Retirement Living Through	Pair Corr
0.87	JRLZX	Retirement Living Through	Pair Corr
0.87	JRODX	J Hancock Ii	Pair Corr
0.83	JAAFX	Jhancock Multi Index	Pair Corr
0.83	JAAJX	Jhancock Multi Index	Pair Corr
0.73	JAAIX	Alternative Asset	Pair Corr
0.83	JAAKX	Jhancock Multi Index	Pair Corr
0.86	JAAPX	Alternative Asset	Pair Corr
0.83	JAARX	Alternative Asset	Pair Corr
0.68	JRTDX	Multi Index 2025	Pair Corr
0.85	JAASX	Alternative Asset	Pair Corr
0.75	JRTIX	Multi Index 2030	Pair Corr
0.69	JAAVX	Jhancock Multimanager	Pair Corr

Related Correlations Analysis

	TAGRX	JHNBX	JVLAX	JBGAX	JHFIX
TAGRX		-0.01	0.06	0.69	0.11	TAGRX
JHNBX	-0.01		0.65	0.37	0.37	JHNBX
JVLAX	0.06	0.65		0.63	0.13	JVLAX
JBGAX	0.69	0.37	0.63		0.23	JBGAX
JHFIX	0.11	0.37	0.13	0.23		JHFIX
	TAGRX	JHNBX	JVLAX	JBGAX	JHFIX

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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

JBGAX	+ 0.69	TAGRX
JVLAX	+ 0.65	JHNBX
JBGAX	+ 0.63	JVLAX
JBGAX	+ 0.37	JHNBX
JHFIX	+ 0.37	JHNBX
JHFIX	+ 0.23	JBGAX

High negative correlations

JHNBX

- 0.01

TAGRX

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
TAGRX	0.58	0.05	0.03	0.36	0.78	(0.63)	1.04	(0.96)	5.70
JHNBX	0.24	(0.05)	0.00	(1.91)	0.00	0.00	0.44	(0.59)	1.56
JVLAX	0.73	(0.21)	0.00	(1.03)	0.00	0.00	1.11	(0.98)	14.49
JBGAX	0.83	0.00	(0.01)	0.01	1.60	(0.75)	1.46	(2.18)	8.32
JHFIX	0.16	(0.05)	0.00	(1.05)	0.00	0.00	0.34	(0.34)	1.03

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