1290 Retirement Correlations

TNXIX Fund

USD 17.65 0.38 2.20%

The current 90-days correlation between 1290 Retirement 2060 and Calamos Dynamic Convertible is 0.09 (i.e., Significant 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

Good diversification

The correlation between 1290 Retirement 2060 and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1290 Retirement 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 1290 Retirement 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 gross domestic product.

Moving together with 1290 Mutual Fund

0.82	ESCKX	1290 Funds	Pair Corr
0.89	ESCJX	1290 Essex Small	Pair Corr
0.89	ESCFX	1290 Funds	Pair Corr
0.81	TNRAX	1290 Funds	Pair Corr
0.92	TNVAX	1290 Gamco Smallmid	Pair Corr
0.92	TNVIX	1290 Gamco Smallmid	Pair Corr
0.92	TNVRX	1290 Gamco Smallmid	Pair Corr
0.88	FAFGX	American Funds	Pair Corr
0.88	FFAFX	American Funds	Pair Corr
0.89	GFACX	Growth Fund	Pair Corr
0.88	GFAFX	Growth Fund	Pair Corr
0.96	AGTHX	Growth Fund	Pair Corr
0.88	CGFFX	Growth Fund	Pair Corr
0.89	CGFCX	Growth Fund	Pair Corr
0.96	CGFAX	Growth Fund	Pair Corr
0.96	CGFEX	Growth Fund	Pair Corr

Moving against 1290 Mutual Fund

0.57	TNURX	1290 Unconstrained Bond	Pair Corr
0.89	BRPIX	Bear Profund Bear	Pair Corr
0.63	TNUIX	1290 Unconstrained Bond	Pair Corr
0.62	UGPSX	Ultrachina Profund	Pair Corr
0.62	UGPIX	Ultrachina Profund	Pair Corr
0.58	TNUAX	1290 Unconstrained Bond	Pair Corr
0.55	PMPIX	Precious Metals Ultr	Pair Corr
0.55	PMPSX	Precious Metals Ultr	Pair Corr
0.37	TSSIX	Thornburg Strategic	Pair Corr

Related Correlations Analysis

	CCD	PCNTX	ARBOX	FSAWX	GCV	LCFYX
CCD		0.89	-0.67	-0.76	0.27	0.73	CCD
PCNTX	0.89		-0.52	-0.65	0.39	0.84	PCNTX
ARBOX	-0.67	-0.52		0.98	0.17	-0.12	ARBOX
FSAWX	-0.76	-0.65	0.98		0.1	-0.27	FSAWX
GCV	0.27	0.39	0.17	0.1		0.61	GCV
LCFYX	0.73	0.84	-0.12	-0.27	0.61		LCFYX
	CCD	PCNTX	ARBOX	FSAWX	GCV	LCFYX

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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

FSAWX	+ 0.98	ARBOX
PCNTX	+ 0.89	CCD
LCFYX	+ 0.84	PCNTX
LCFYX	+ 0.73	CCD
LCFYX	+ 0.61	GCV
GCV	+ 0.39	PCNTX

High negative correlations

FSAWX	- 0.76	CCD
ARBOX	- 0.67	CCD
FSAWX	- 0.65	PCNTX
ARBOX	- 0.52	PCNTX
LCFYX	- 0.27	FSAWX
LCFYX	- 0.12	ARBOX

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
CCD	0.79	(0.07)	0.00	(0.20)	0.00	0.00	1.41	(1.67)	7.13
PCNTX	0.64	(0.10)	0.00	1.59	0.00	0.00	1.07	(1.68)	3.46
ARBOX	0.05	0.02	0.00	(7.45)	0.00	0.00	0.09	0.00	0.18
FSAWX	0.08	0.04	0.78	(1.52)	0.00	(0.14)	0.19	(0.10)	0.38
GCV	0.81	0.04	0.06	1.69	1.02	(0.92)	1.90	(1.60)	5.53
LCFYX	0.66	(0.02)	0.00	(0.07)	0.00	0.00	1.12	(1.42)	3.20

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