Schwab Target Correlations

Mutual Funds . USA . 
Fund . Schwab Target 2060
SWYNX Fund  USD 19.17  0.03  0.16%   
The current 90-days correlation between Schwab Target 2060 and Amg River Road is 0.56 (i.e., Very weak diversification). The correlation of Schwab Target 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.

Schwab Target Correlation With Market

Poor diversification

The correlation between Schwab Target 2060 and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schwab Target 2060 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 Schwab Target 2060. 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 board of governors.

Moving together with Schwab Mutual Fund

  0.61LGILX Laudus Large CapPairCorr
  0.68SWANX Schwab E EquityPairCorr
  0.68SWASX Schwab Global RealPairCorr
  0.97SWDRX Schwab Target 2030PairCorr
  0.84SWDSX Schwab Dividend EquityPairCorr
  0.61SWEGX Schwab Markettrack AllPairCorr
  0.84SWERX Schwab Target 2040PairCorr
  0.93SWIRX Schwab Target 2035PairCorr
  0.82SWMCX Schwab Mid CapPairCorr
  0.97SWMRX Schwab Target 2045PairCorr
  0.64SWLGX Schwab Large CapPairCorr
  0.68SWLSX Schwab Large CapPairCorr
  0.67SWOBX Schwab BalancedPairCorr
  0.95SWORX Schwab Target 2055PairCorr
  0.96SWNRX Schwab Target 2050PairCorr
  0.98SWQRX Schwab Target 2065PairCorr
  0.97SWPRX Schwab Target 2060PairCorr
  0.83SWPPX Schwab Sp 500PairCorr
  0.79SWTSX Schwab Total StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Schwab Mutual Fund performing well and Schwab Target 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 Schwab Target'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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