Strategic Allocation Correlations

ASMUX Fund

USD 6.83 0.01 0.15%

The current 90-days correlation between Strategic Allocation and Columbia High Yield is 0.06 (i.e., Significant 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

Very weak diversification

The correlation between Strategic Allocation Moderate and DJI is 0.47 (i.e., Very weak 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 producer price index.

Moving together with Strategic Mutual Fund

0.68	AMGIX	Income Growth	Pair Corr
0.75	TWADX	Value Fund A	Pair Corr
0.63	TWCCX	Ultra Fund C	Pair Corr
0.69	TWCAX	Select Fund A	Pair Corr
0.65	TWCIX	Select Fund Investor	Pair Corr
0.64	TWCGX	Growth Fund Investor	Pair Corr
0.68	TWEIX	Equity Income	Pair Corr
0.65	TWGIX	Growth Fund I	Pair Corr
0.62	TWGGX	Global Growth	Pair Corr
0.61	TWHIX	Heritage Fund Investor	Pair Corr
0.64	TWRCX	Growth Fund C	Pair Corr
1.0	TWSCX	Strategic Allocation	Pair Corr
1.0	TWSAX	Strategic Allocation	Pair Corr
1.0	TWSMX	Strategic Allocation	Pair Corr
0.65	TWSIX	Select Fund I	Pair Corr
0.7	TWVLX	Value Fund Investor	Pair Corr

Moving against Strategic Mutual Fund

0.45	AMVYX	Mid Cap Value	Pair Corr
0.45	AMVRX	Mid Cap Value	Pair Corr
0.45	AMVGX	Mid Cap Value	Pair Corr
0.41	AMEIX	Equity Growth	Pair Corr
0.47	TWEAX	Equity Income	Pair Corr
0.48	TWUAX	Ultra Fund A	Pair Corr
0.43	TWUIX	Ultra Fund I	Pair Corr
0.39	ANOCX	Small Cap Growth	Pair Corr
0.36	ANOAX	Small Cap Growth	Pair Corr
0.33	ANOGX	Small Cap Growth	Pair Corr
0.33	ANODX	Small Cap Growth	Pair Corr

Related Correlations Analysis

	CHMCX	IPIMX	FHTIX	PRHYX	CYBAX	MZHIX	CAYCX	JYHRX
CHMCX		0.28	0.1	0.18	0.26	0.29	0.92	0.34	CHMCX
IPIMX	0.28		0.96	0.96	0.99	0.95	0.44	0.9	IPIMX
FHTIX	0.1	0.96		0.97	0.96	0.92	0.25	0.83	FHTIX
PRHYX	0.18	0.96	0.97		0.96	0.91	0.32	0.84	PRHYX
CYBAX	0.26	0.99	0.96	0.96		0.96	0.44	0.9	CYBAX
MZHIX	0.29	0.95	0.92	0.91	0.96		0.45	0.95	MZHIX
CAYCX	0.92	0.44	0.25	0.32	0.44	0.45		0.51	CAYCX
JYHRX	0.34	0.9	0.83	0.84	0.9	0.95	0.51		JYHRX
	CHMCX	IPIMX	FHTIX	PRHYX	CYBAX	MZHIX	CAYCX	JYHRX

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
CHMCX	0.09	0.00	(0.28)	0.00	0.00	(0.18)	0.22	(0.11)	0.88
IPIMX	0.13	0.01	(0.31)	0.61	0.00	(0.20)	0.45	(0.23)	0.91
FHTIX	0.15	0.01	(0.26)	0.38	0.06	(0.23)	0.31	(0.31)	0.78
PRHYX	0.12	0.01	(0.28)	(0.34)	0.00	(0.24)	0.34	(0.34)	0.84
CYBAX	0.12	0.01	(0.42)	3.86	0.00	(0.14)	0.32	(0.24)	0.80
MZHIX	0.11	0.01	(0.31)	0.42	0.00	(0.17)	0.25	(0.25)	0.63
CAYCX	0.09	0.01	(0.35)	(4.94)	0.00	(0.15)	0.21	(0.11)	0.73
JYHRX	0.09	0.00	(0.27)	0.04	0.02	(0.16)	0.15	(0.15)	0.46

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

2025 Macroaxis LLC