Balanced Fund Correlations
| TWBIX Fund | USD 19.36 0.17 0.89% |
The current 90-days correlation between Balanced Fund Investor and Select Fund Investor is 0.91 (i.e., Almost no 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
Poor diversification
The correlation between Balanced Fund Investor 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 Balanced Fund Investor and DJI in the same portfolio, assuming nothing else is changed.
Balanced |
Moving together with Balanced Mutual Fund
| 0.99 | AMEIX | Equity Growth | PairCorr |
| 0.94 | AMGIX | Income Growth | PairCorr |
| 0.94 | TWCCX | Ultra Fund C | PairCorr |
| 0.96 | TWCAX | Select Fund A | PairCorr |
| 0.96 | TWCIX | Select Fund Investor | PairCorr |
| 0.95 | TWCGX | Growth Fund Investor | PairCorr |
| 0.94 | TWCUX | Ultra Fund Investor | PairCorr |
| 0.95 | TWGIX | Growth Fund I | PairCorr |
| 0.62 | TWGGX | Global Growth | PairCorr |
| 0.92 | TWHIX | Heritage Fund Investor | PairCorr |
| 0.94 | TWRCX | Growth Fund C | PairCorr |
| 0.75 | TWSAX | Strategic Allocation: | PairCorr |
| 0.72 | TWSMX | Strategic Allocation: | PairCorr |
| 0.96 | TWSIX | Select Fund I | PairCorr |
| 0.94 | TWUAX | Ultra Fund A | PairCorr |
| 0.94 | TWUIX | Ultra Fund I | PairCorr |
Moving against Balanced Mutual Fund
| 0.68 | TWACX | Short Term Government | PairCorr |
| 0.64 | TWAVX | Short Term Government | PairCorr |
| 0.61 | TWARX | Short Term Government | PairCorr |
| 0.49 | CDBCX | Diversified Bond | PairCorr |
| 0.64 | TWUSX | Short Term Government | PairCorr |
| 0.63 | TWUOX | Short Term Government | PairCorr |
| 0.52 | ANTUX | Nt Non Intrinsic | PairCorr |
Related Correlations Analysis
| 0.9 | -0.02 | 1.0 | -0.15 | TWCIX | ||
| 0.9 | 0.27 | 0.92 | 0.11 | TWHIX | ||
| -0.02 | 0.27 | -0.01 | 0.78 | TWVLX | ||
| 1.0 | 0.92 | -0.01 | -0.15 | TWCGX | ||
| -0.15 | 0.11 | 0.78 | -0.15 | TWIEX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWCIX | 1.13 | (0.16) | 0.00 | (0.17) | 0.00 | 2.24 | 6.32 | |||
| TWHIX | 1.50 | (0.24) | 0.00 | (0.17) | 0.00 | 1.97 | 13.81 | |||
| TWVLX | 0.73 | (0.05) | 0.00 | (0.09) | 0.00 | 1.12 | 8.35 | |||
| TWCGX | 1.20 | (0.20) | 0.00 | (0.19) | 0.00 | 2.24 | 6.48 | |||
| TWIEX | 0.77 | 0.04 | 0.04 | 0.02 | 1.21 | 1.30 | 5.96 |