Balanced Fund Correlations

WBALX Fund

USD 16.88 0.08 0.48%

The current 90-days correlation between Balanced Fund Balanced and Value Fund Value is 0.95 (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 Balanced and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Balanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Balanced Fund Balanced. 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 bureau of economic analysis.

Moving together with Balanced Mutual Fund

1.0	WBAIX	Weitz Balanced	Pair Corr
0.92	WVAIX	Value Fund Value	Pair Corr
0.92	WVALX	Value Fund Value	Pair Corr
0.97	WPOIX	Partners Iii Opportunity	Pair Corr
0.97	WPOPX	Partners Iii Opportunity	Pair Corr
0.97	WPVLX	Partners Value	Pair Corr
0.97	WPVIX	Partners Value	Pair Corr

Moving against Balanced Mutual Fund

0.4	GAAKX	Gmo Alternative Allo	Pair Corr
0.4	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	WVALX	WEFIX	WPVLX	WPOPX	SIBAX
WVALX		-0.39	0.9	0.95	0.9	WVALX
WEFIX	-0.39		0.0	-0.13	-0.63	WEFIX
WPVLX	0.9	0.0		0.97	0.7	WPVLX
WPOPX	0.95	-0.13	0.97		0.78	WPOPX
SIBAX	0.9	-0.63	0.7	0.78		SIBAX
	WVALX	WEFIX	WPVLX	WPOPX	SIBAX

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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

WPOPX	+ 0.97	WPVLX
WPOPX	+ 0.95	WVALX
WPVLX	+ 0.9	WVALX
SIBAX	+ 0.9	WVALX
SIBAX	+ 0.78	WPOPX
SIBAX	+ 0.7	WPVLX

High negative correlations

SIBAX	- 0.63	WEFIX
WEFIX	- 0.39	WVALX
WPOPX	- 0.13	WEFIX
WPVLX	- 0.0	WEFIX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WVALX	0.74	(0.05)	0.00	(0.10)	0.00	1.35	(1.78)	3.55
WEFIX	0.08	0.01	0.38	(2.89)	(0.14)	0.25	(0.17)	0.59
WPVLX	0.68	(0.01)	0.00	(0.05)	0.00	1.57	(1.49)	3.52
WPOPX	0.61	0.00	0.00	(0.04)	0.00	1.36	(1.65)	3.34
SIBAX	0.65	(0.07)	0.00	(0.14)	0.00	1.09	(1.54)	3.29

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