Strategic Allocation Correlations

ACOAX Fund

USD 6.86 0.04 0.59%

The current 90-days correlation between Strategic Allocation and Prudential Real Estate is 0.3 (i.e., Weak 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

Average diversification

The correlation between Strategic Allocation Moderate and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Allocation Moderate 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 Moderate. 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 Strategic Mutual Fund

0.88	AMGIX	Income Growth	Pair Corr
0.87	TWCCX	Ultra Fund C	Pair Corr
0.88	TWCIX	Select Fund Investor	Pair Corr
0.87	TWCGX	Growth Fund Investor	Pair Corr
0.87	TWGIX	Growth Fund I	Pair Corr
0.74	TWMIX	Emerging Markets	Pair Corr
0.96	TWSAX	Strategic Allocation	Pair Corr
0.96	TWSMX	Strategic Allocation	Pair Corr
0.86	TWVLX	Value Fund Investor	Pair Corr
0.88	TWUIX	Ultra Fund I	Pair Corr
0.88	ANODX	Small Cap Growth	Pair Corr
0.89	ANTUX	Nt Non Intrinsic	Pair Corr
0.83	ANTMX	Nt International Small	Pair Corr
0.94	AOCIX	One Choice Portfolio	Pair Corr
0.95	AOOIX	One Choice 2045	Pair Corr
0.96	AOVIX	One Choice Portfolio	Pair Corr
0.64	BULIX	Utilities Fund Investor	Pair Corr
0.95	ARCVX	One Choice 2030	Pair Corr
0.95	AREVX	One Choice 2055	Pair Corr
0.95	AREUX	One Choice 2055	Pair Corr
0.95	ARDVX	One Choice 2040	Pair Corr
0.96	ARGVX	One Choice 2060	Pair Corr
0.81	ARHVX	American Century Inv	Pair Corr
0.95	AROIX	One Choice 2045	Pair Corr
0.95	ARTOX	One Choice In	Pair Corr
0.95	ARYIX	One Choice 2035	Pair Corr
0.89	ASDEX	Select Fund R6	Pair Corr
0.88	ASERX	Select Fund R	Pair Corr
0.82	ASQIX	Small Pany Fund	Pair Corr
0.84	ASVIX	Small Cap Value	Pair Corr

Moving against Strategic Mutual Fund

0.74	ACIPX	American Century Mid	Pair Corr
0.52	AAAOX	American Century One	Pair Corr

Related Correlations Analysis

	PJEAX	FREAX	JYEBX	FIKMX	TRREX	IVRSX	FORFX	SEIRX
PJEAX		0.38	0.78	0.21	0.0	0.77	-0.24	-0.22	PJEAX
FREAX	0.38		0.31	0.79	0.79	0.31	0.22	0.75	FREAX
JYEBX	0.78	0.31		0.26	-0.01	0.65	0.27	-0.24	JYEBX
FIKMX	0.21	0.79	0.26		0.87	0.41	0.37	0.74	FIKMX
TRREX	0.0	0.79	-0.01	0.87		0.24	0.29	0.86	TRREX
IVRSX	0.77	0.31	0.65	0.41	0.24		-0.09	-0.05	IVRSX
FORFX	-0.24	0.22	0.27	0.37	0.29	-0.09		0.29	FORFX
SEIRX	-0.22	0.75	-0.24	0.74	0.86	-0.05	0.29		SEIRX
	PJEAX	FREAX	JYEBX	FIKMX	TRREX	IVRSX	FORFX	SEIRX

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

TRREX	+ 0.87	FIKMX
SEIRX	+ 0.86	TRREX
FIKMX	+ 0.79	FREAX
TRREX	+ 0.79	FREAX
JYEBX	+ 0.78	PJEAX
IVRSX	+ 0.77	PJEAX

High negative correlations

SEIRX	- 0.24	JYEBX
FORFX	- 0.24	PJEAX
SEIRX	- 0.22	PJEAX
FORFX	- 0.09	IVRSX
SEIRX	- 0.05	IVRSX
TRREX	- 0.01	JYEBX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PJEAX	0.57	(0.03)	0.00	(0.13)	0.00	0.00	1.05	(1.25)	3.75
FREAX	0.61	0.04	(0.03)	0.49	0.73	(0.68)	1.38	(1.18)	4.36
JYEBX	0.57	(0.02)	(0.09)	(0.07)	0.75	(0.59)	1.00	(1.37)	3.48
FIKMX	0.16	(0.01)	(0.23)	0.01	0.17	(0.20)	0.33	(0.33)	1.08
TRREX	0.65	0.00	(0.04)	0.07	0.78	(0.76)	1.26	(1.11)	6.18
IVRSX	0.56	(0.04)	0.00	(0.04)	0.00	0.00	1.02	(1.41)	3.66
FORFX	0.07	0.00	0.00	0.08	0.00	0.00	0.10	0.00	1.84
SEIRX	0.71	0.10	0.06	0.46	0.68	(0.86)	1.28	(1.12)	11.74

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