Strategic Allocation: Correlations

Mutual Funds USA . 
Fund . Strategic Allocation Aggressive
ASTAX Fund  USD 8.61  0.04  0.47%   
The current 90-days correlation between Strategic Allocation: and Select Fund Investor is 0.31 (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

Almost no diversification

The correlation between Strategic Allocation Aggressiv and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Allocation Aggressiv 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 Aggressive. 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

  0.83AMDVX Mid Cap ValuePairCorr
  0.92AMEIX Equity GrowthPairCorr
  0.96AMGIX Income GrowthPairCorr
  0.88AMKIX Emerging MarketsPairCorr
  0.79TWACX Short Term GovernmentPairCorr
  0.95TWADX Value Fund APairCorr
  0.88TWCCX Ultra Fund CPairCorr
  0.88TWCAX Select Fund A Potential GrowthPairCorr
  0.87TWCIX Select Fund Investor Potential GrowthPairCorr
  0.86TWCGX Growth Fund InvestorPairCorr
  0.82TWARX Short Term GovernmentPairCorr
  0.76TWAVX Short Term GovernmentPairCorr
  0.94AMVYX Mid Cap ValuePairCorr
  0.94AMVRX Mid Cap ValuePairCorr
  0.73TWBIX Balanced Fund InvestorPairCorr
  0.94AMVGX Mid Cap ValuePairCorr
  0.93TWEAX Equity IncomePairCorr
  0.93TWEIX Equity IncomePairCorr
  0.96TWGAX International GrowthPairCorr
  0.86TWGIX Growth Fund IPairCorr
  0.94TWGGX Global GrowthPairCorr
  0.91TWIEX International GrowthPairCorr
  0.9TWHIX Heritage Fund InvestorPairCorr
  0.88TWMIX Emerging MarketsPairCorr
  0.87TWRCX Growth Fund CPairCorr
  0.81TWTCX Intermediate Term TaxPairCorr
  0.83TWTIX Intermediate Term TaxPairCorr
  1.0TWSCX Strategic AllocationPairCorr
  1.0TWSAX Strategic AllocationPairCorr
  1.0TWSMX Strategic AllocationPairCorr
  0.87TWSIX Select Fund I Potential GrowthPairCorr
  0.77TWUSX Short Term GovernmentPairCorr
  0.94TWVLX Value Fund InvestorPairCorr
  0.87TWUAX Ultra Fund APairCorr
  0.86TWUIX Ultra Fund IPairCorr
  0.81TWUOX Short Term GovernmentPairCorr
  0.81TWWOX Intermediate Term TaxPairCorr
  0.91NPHIX High Income FundPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.60  0.11  0.13  0.21  0.46 
(0.72)
 1.54 
(1.23)
 3.69 
AMEIX  0.80  0.15  0.14  0.31  0.70 
(0.92)
 1.33 
(1.64)
 13.91 
AMGIX  0.68  0.21  0.27  0.35  0.23 
(0.79)
 1.60 
(1.23)
 8.67 
CDBCX  0.14  0.01 (0.24) 0.39  0.00 
(0.18)
 0.32 
(0.22)
 0.65 
AMKIX  0.72  0.15  0.15  0.31  0.58 
(0.83)
 1.49 
(1.29)
 4.05 
TWACX  0.05  0.00 (0.48) 1.40  0.00 
(0.14)
 0.11 
(0.11)
 0.33 
TWADX  0.65  0.27  0.39  0.55  0.00 
(0.91)
 1.40 
(0.97)
 9.13 
TWCCX  1.15  0.20  0.14  0.57  0.92 
(1.48)
 1.45 
(2.08)
 26.20 
TWCAX  0.93  0.06  0.03  0.16  1.04 
(1.02)
 1.51 
(1.94)
 15.17 
TWCIX  0.91  0.05  0.02  0.14  1.04 
(1.00)
 1.52 
(1.94)
 14.35 

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