Target Retirement Correlations

URFRX Fund

USD 13.25 0.03 0.23%

The current 90-days correlation between Target Retirement 2040 and Saat Defensive Strategy is 0.04 (i.e., Significant diversification). The correlation of Target 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.

Target Retirement Correlation With Market

Poor diversification

The correlation between Target Retirement 2040 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 Target Retirement 2040 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 Target Retirement 2040. 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 metropolitan statistical area.

Moving together with Target Mutual Fund

0.94	SBALX	Victory Strategic	Pair Corr
0.63	SBFCX	Victory Incore Investment	Pair Corr
0.63	SBFMX	Victory Portfolios	Pair Corr
0.63	RPPRX	Victory Rs Partners	Pair Corr
0.79	MMIJX	Victory Integrity Mid	Pair Corr
0.68	RSGGX	Victory Rs Global	Pair Corr
0.83	RSINX	Victory Rs Investors	Pair Corr
0.84	RSIYX	Victory Rs Investors	Pair Corr
0.62	RSPFX	Victory Rs Partners	Pair Corr

Related Correlations Analysis

	SEDIX	ANGCX	SMSDX	BXECX	EMDQX	PCEMX
SEDIX		0.91	0.95	0.97	0.94	0.83	SEDIX
ANGCX	0.91		0.8	0.91	0.9	0.73	ANGCX
SMSDX	0.95	0.8		0.9	0.87	0.84	SMSDX
BXECX	0.97	0.91	0.9		0.96	0.82	BXECX
EMDQX	0.94	0.9	0.87	0.96		0.88	EMDQX
PCEMX	0.83	0.73	0.84	0.82	0.88		PCEMX
	SEDIX	ANGCX	SMSDX	BXECX	EMDQX	PCEMX

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Risk-Adjusted Indicators

There is a big difference between Target Mutual Fund performing well and Target 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 Target 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
SEDIX	0.09	0.01	0.24	(0.33)	0.00	(0.16)	0.21	(0.21)	0.53
ANGCX	0.13	0.01	0.24	1.24	0.00	(0.23)	0.36	(0.24)	0.83
SMSDX	0.23	0.02	0.13	0.05	0.27	(0.26)	0.43	(0.51)	1.30
BXECX	0.19	0.03	0.25	(0.58)	0.00	(0.32)	0.55	(0.27)	1.21
EMDQX	0.30	0.02	0.14	(3.25)	0.25	(0.43)	0.68	(0.46)	1.75
PCEMX	0.71	0.06	0.09	0.15	0.86	(0.79)	1.47	(1.61)	5.81

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Target Retirement Correlations

Target Retirement Correlation With Market

Poor diversification

Moving together with Target Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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