1290 Retirement Correlations

TNIIX Fund

USD 11.09 0.02 0.18%

The current 90-days correlation between 1290 Retirement 2020 and Abr 7525 Volatility is 0.11 (i.e., Average diversification). The correlation of 1290 Retirement 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.

1290 Retirement Correlation With Market

Poor diversification

The correlation between 1290 Retirement 2020 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 1290 Retirement 2020 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 1290 Retirement 2020. 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 1290 Mutual Fund

0.7	TNBIX	1290 Smartbeta Equity	Pair Corr
0.71	TNBRX	1290 Smartbeta Equity	Pair Corr
0.71	TNBAX	1290 Smartbeta Equity	Pair Corr
0.71	TNHAX	1290 High Yield	Pair Corr
0.69	TNHIX	1290 High Yield	Pair Corr
0.93	TNKIX	1290 Retirement 2030	Pair Corr
0.8	TNJIX	1290 Retirement 2025	Pair Corr
0.7	TNMRX	1290 Multi Alternative	Pair Corr
0.88	TNLIX	1290 Retirement 2035	Pair Corr
0.64	TNOIX	1290 Retirement 2045	Pair Corr
0.84	TNNIX	1290 Retirement 2040	Pair Corr
0.95	TNVDX	1290 Doubleline Dynamic	Pair Corr
0.9	TNXAX	1290 Doubleline Dynamic	Pair Corr
0.69	TNWIX	1290 Retirement 2050	Pair Corr
0.95	VTWNX	Vanguard Target Reti	Pair Corr
0.88	FSNOX	Fidelity Freedom 2020	Pair Corr
0.86	PARBX	Trowe Price Retirement	Pair Corr
0.86	RRTBX	Trowe Price Retirement	Pair Corr
0.76	FFFDX	Fidelity Freedom 2020	Pair Corr
0.88	FATKX	Fidelity Freedom 2020	Pair Corr
0.78	AACTX	American Funds 2020	Pair Corr
0.88	CCCTX	American Funds 2020	Pair Corr
0.89	FAOTX	American Funds 2020	Pair Corr
0.72	FTYPX	Fidelity Freedom Index	Pair Corr

Related Correlations Analysis

	VOLJX	FIJFX	TWBIX	ADOIX	ROGSX	FFCGX	FALCX
VOLJX		0.44	0.94	0.76	0.66	0.69	0.0	VOLJX
FIJFX	0.44		0.57	0.55	0.66	0.79	0.0	FIJFX
TWBIX	0.94	0.57		0.74	0.74	0.8	0.0	TWBIX
ADOIX	0.76	0.55	0.74		0.91	0.85	0.0	ADOIX
ROGSX	0.66	0.66	0.74	0.91		0.94	0.0	ROGSX
FFCGX	0.69	0.79	0.8	0.85	0.94		0.0	FFCGX
FALCX	0.0	0.0	0.0	0.0	0.0	0.0		FALCX
	VOLJX	FIJFX	TWBIX	ADOIX	ROGSX	FFCGX	FALCX

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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

TWBIX	+ 0.94	VOLJX
FFCGX	+ 0.94	ROGSX
ROGSX	+ 0.91	ADOIX
FFCGX	+ 0.85	ADOIX
FFCGX	+ 0.8	TWBIX
FFCGX	+ 0.79	FIJFX

High negative correlations

FALCX	- 0.0	FFCGX
FALCX	- 0.0	ROGSX
FALCX	- 0.0	ADOIX
FALCX	- 0.0	TWBIX
FALCX	- 0.0	FIJFX
FALCX	- 0.0	VOLJX

Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 Retirement 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 1290 Retirement'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
VOLJX	0.69	0.11	0.00	2.28	0.98	(0.71)	1.44	(1.39)	4.97
FIJFX	0.69	0.05	(0.07)	0.56	0.63	(0.81)	1.63	(1.16)	3.93
TWBIX	0.33	0.05	(0.12)	0.81	0.30	(0.38)	0.75	(0.65)	2.38
ADOIX	0.40	0.07	0.01	0.31	0.33	(0.47)	1.05	(0.75)	2.95
ROGSX	0.80	0.06	0.05	0.18	0.90	(0.86)	1.86	(1.41)	5.59
FFCGX	0.51	0.03	(0.02)	0.16	0.43	(0.59)	1.26	(1.03)	3.41
FALCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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