Asset Allocation Correlations

Mutual Funds . USA . 
Fund . Asset Allocation Fund
VCAAX Fund  USD 11.44  0.10  0.88%   
The current 90-days correlation between Asset Allocation and Federated Municipal Ultrashort is 0.02 (i.e., Significant diversification). The correlation of Asset Allocation 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.

Asset Allocation Correlation With Market

Very weak diversification

The correlation between Asset Allocation Fund and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asset Allocation Fund 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 Asset Allocation Fund. 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 nation.

Moving together with ASSET Mutual Fund

  0.98VMIDX Mid Cap IndexPairCorr
  0.92VMSGX Mid Cap StrategicPairCorr
  0.96VAPPX Valic Company IPairCorr
  0.99VSRDX Valic Company IPairCorr
  0.98VSTIX Stock Index FundPairCorr
  0.96VSSVX Small Cap SpecialPairCorr
  0.91VBCVX Broad Cap ValuePairCorr
  0.97VCBCX Blue Chip GrowthPairCorr
  0.99VCGAX Growth IncomePairCorr
  0.8VCIGX Valic Company IPairCorr
  0.98VCNIX Nasdaq 100 IndexPairCorr
  0.94VCSTX Science TechnologyPairCorr
  0.94VCSLX Small Cap IndexPairCorr
  0.97VCULX Growth Fund GrowthPairCorr
  0.93VDAFX Dynamic AllocationPairCorr
  0.98VVMCX Valic Company IPairCorr
  0.9VVSGX Valic Company IPairCorr
  0.97VVSCX Valic Company IPairCorr
  0.83VLAGX Valic Company IPairCorr
  0.98VLCGX Large Capital GrowthPairCorr
  0.68FBONX American Funds AmericanPairCorr
  0.68FBAFX American Funds AmericanPairCorr
  0.72ABALX American BalancedPairCorr
  0.72BALCX American BalancedPairCorr

Moving against ASSET Mutual Fund

  0.55VCGSX Government SecuritiesPairCorr
  0.51VCBDX Valic Company IPairCorr
  0.49VCIFX International GovernmentPairCorr
  0.47VCTPX Inflation ProtectedPairCorr
  0.37VCIEX International EquitiesPairCorr
  0.35VCSOX Global Social AwarenessPairCorr
  0.33VCGEX Emerging EconomiesPairCorr
  0.34VIOPX Valic Company IPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ASSET Mutual Fund performing well and Asset Allocation 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 Asset Allocation'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY