Strategic Allocation: Correlations

Mutual Funds . USA . 
Fund . Strategic Allocation Servative
AACGX Fund  USD 5.80  0.02  0.35%   
The current 90-days correlation between Strategic Allocation: and Franklin Vertible Securities is 0.85 (i.e., Very poor diversification). The correlation of Strategic 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.

Strategic Allocation: Correlation With Market

Poor diversification

The correlation between Strategic Allocation Servative 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 Strategic Allocation Servative and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Strategic Allocation Servative. 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 price.

Moving together with Strategic Mutual Fund

  0.79AMDVX Mid Cap ValuePairCorr
  0.76AMEIX Equity GrowthPairCorr
  0.78AMGIX Income GrowthPairCorr
  0.76TWADX Value Fund APairCorr
  0.73TWCCX Ultra Fund CPairCorr
  0.76TWCAX Select Fund APairCorr
  0.76TWCIX Select Fund InvestorPairCorr
  0.77TWCGX Growth Fund InvestorPairCorr
  0.79AMVYX Mid Cap ValuePairCorr
  0.79AMVRX Mid Cap ValuePairCorr
  0.96TWBIX Balanced Fund InvestorPairCorr
  0.79AMVGX Mid Cap ValuePairCorr
  0.78TWEAX Equity IncomePairCorr
  0.78TWEIX Equity IncomePairCorr
  0.73TWCUX Ultra Fund InvestorPairCorr
  0.77TWGIX Growth Fund IPairCorr
  0.78TWGGX Global GrowthPairCorr
  0.73TWHIX Heritage Fund InvestorPairCorr
  0.78TWRCX Growth Fund CPairCorr
  1.0TWSCX Strategic AllocationPairCorr
  0.92TWSAX Strategic AllocationPairCorr
  0.96TWSMX Strategic AllocationPairCorr
  0.76TWSIX Select Fund IPairCorr
  0.75TWVLX Value Fund InvestorPairCorr
  0.73TWUAX Ultra Fund APairCorr
  0.72TWUIX Ultra Fund IPairCorr
  0.8NPHIX High Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic 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 Strategic 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.

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