Balanced Fund Correlations

BLNAX Fund

USD 12.99 0.06 0.46%

The current 90-days correlation between Balanced Fund Adviser and Schwab Small Cap Index is 0.14 (i.e., Average 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

Significant diversification

The correlation between Balanced Fund Adviser and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Adviser 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 Balanced Fund Adviser. 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 Balanced Mutual Fund

0.95	SRUAX	Spectrum Fund Adviser	Pair Corr
0.95	SRUIX	Spectrum Fund Instit	Pair Corr
0.96	QNTAX	Quantex Fund Adviser	Pair Corr
0.97	QNTIX	Quantex Fund Institu	Pair Corr
0.62	IFAAX	Infrastructure Fund	Pair Corr
0.61	IFAIX	Infrastructure Fund	Pair Corr
0.97	BLNIX	Balanced Fund Instit	Pair Corr
0.96	FLCGX	Quantex Fund Retail	Pair Corr
0.96	FLDOX	Dividend Opportunities	Pair Corr
0.97	FLDGX	Dynamic Growth	Pair Corr
0.97	FLDFX	Balanced Fund Retail	Pair Corr
0.97	FLFGX	Global Opportunities	Pair Corr
0.97	FLMIX	Muirfield Fund Insti	Pair Corr
0.97	FLMFX	Muirfield Fund Retail	Pair Corr
1.0	FLMAX	Muirfield Fund Adviser	Pair Corr
0.63	FLRUX	Infrastructure Fund	Pair Corr
0.98	FLSPX	Spectrum Fund Retail	Pair Corr
0.96	DVOIX	Dividend Opportunities	Pair Corr
0.98	DVOAX	Dividend Opportunities	Pair Corr
1.0	GBPAX	Global Opportunities	Pair Corr
1.0	GBPIX	Global Opportunities	Pair Corr
0.97	DYGIX	Dynamic Growth	Pair Corr
0.97	DYGAX	Dynamic Growth	Pair Corr
0.7	PAALX	All Asset Fund	Pair Corr
0.71	PATRX	Pimco All Asset	Pair Corr
0.68	PAAIX	All Asset Fund	Pair Corr
0.68	PALPX	Pimco All Asset	Pair Corr
0.71	PASAX	All Asset Fund	Pair Corr
0.73	PASCX	All Asset Fund	Pair Corr
0.7	PAANX	Pimco All Asset	Pair Corr
0.75	PAUPX	Pimco All Asset	Pair Corr
0.74	PAUIX	Pimco All Asset	Pair Corr
0.71	ABRIX	Invesco Balanced Risk	Pair Corr

Moving against Balanced Mutual Fund

0.71

LETRX

Voya Russia Fund

Pair Corr

Related Correlations Analysis

	SWSSX	RYATX	LIGFX	FARIX	SRDAX	DLTZX	ISFYX	XACVX
SWSSX		0.75	0.78	0.83	-0.29	0.07	0.78	0.6	SWSSX
RYATX	0.75		0.69	0.72	-0.57	-0.18	0.68	0.51	RYATX
LIGFX	0.78	0.69		0.74	-0.01	0.44	1.0	0.83	LIGFX
FARIX	0.83	0.72	0.74		-0.39	0.03	0.73	0.56	FARIX
SRDAX	-0.29	-0.57	-0.01	-0.39		0.8	0.01	0.18	SRDAX
DLTZX	0.07	-0.18	0.44	0.03	0.8		0.45	0.48	DLTZX
ISFYX	0.78	0.68	1.0	0.73	0.01	0.45		0.84	ISFYX
XACVX	0.6	0.51	0.83	0.56	0.18	0.48	0.84		XACVX
	SWSSX	RYATX	LIGFX	FARIX	SRDAX	DLTZX	ISFYX	XACVX

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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

ISFYX	+ 1.0	LIGFX
XACVX	+ 0.84	ISFYX
FARIX	+ 0.83	SWSSX
XACVX	+ 0.83	LIGFX
DLTZX	+ 0.8	SRDAX
LIGFX	+ 0.78	SWSSX

High negative correlations

SRDAX	- 0.57	RYATX
SRDAX	- 0.39	FARIX
SRDAX	- 0.29	SWSSX
DLTZX	- 0.18	RYATX
SRDAX	- 0.01	LIGFX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SWSSX	0.94	0.03	(0.01)	0.13	1.17	(1.00)	1.84	(1.63)	10.26
RYATX	1.02	(0.02)	0.00	0.62	0.00	0.00	1.67	(2.44)	10.76
LIGFX	0.28	0.02	(0.11)	1.68	0.37	(0.29)	0.62	(0.50)	2.04
FARIX	0.31	(0.01)	0.00	(0.20)	0.00	0.00	0.65	(0.62)	2.12
SRDAX	0.15	0.03	(0.15)	1.70	0.00	(0.20)	0.38	(0.37)	1.05
DLTZX	0.08	0.01	(0.35)	(0.41)	0.00	(0.19)	0.26	(0.13)	0.64
ISFYX	0.28	0.02	(0.10)	1.70	0.35	(0.30)	0.63	(0.50)	2.00
XACVX	0.70	0.07	0.00	0.67	1.01	(0.73)	1.43	(1.48)	5.43

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