Balanced Fund Correlations

FLDFX Fund

USD 13.97 0.12 0.85%

The current 90-days correlation between Balanced Fund Retail and Cboe Vest Sp is 0.37 (i.e., Weak 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

Almost no diversification

The correlation between Balanced Fund Retail and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Retail and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Balanced Fund Retail. 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 Balanced Mutual Fund

0.84	SRUAX	Spectrum Fund Adviser	Pair Corr
0.82	SRUIX	Spectrum Fund Instit	Pair Corr
0.96	QNTAX	Quantex Fund Adviser	Pair Corr
0.96	QNTIX	Quantex Fund Institu	Pair Corr
0.99	IFAIX	Infrastructure Fund	Pair Corr
1.0	BLNIX	Balanced Fund Instit	Pair Corr
1.0	BLNAX	Balanced Fund Adviser	Pair Corr
0.93	FLBDX	Total Return Bond	Pair Corr
0.96	FLCGX	Quantex Fund Retail	Pair Corr
1.0	FLDOX	Dividend Opportunities	Pair Corr
0.99	FLDGX	Dynamic Growth	Pair Corr
0.96	FLFGX	Global Opportunities	Pair Corr
1.0	FLMIX	Muirfield Fund Insti	Pair Corr
1.0	FLMFX	Muirfield Fund Retail	Pair Corr
0.99	FLRUX	Infrastructure Fund	Pair Corr
1.0	FLSPX	Spectrum Fund Retail	Pair Corr
1.0	DVOIX	Dividend Opportunities	Pair Corr
1.0	DVOAX	Dividend Opportunities	Pair Corr
0.93	BNDIX	Total Return Bond	Pair Corr
0.96	GBPAX	Global Opportunities	Pair Corr
0.96	GBPIX	Global Opportunities	Pair Corr
0.99	DYGIX	Dynamic Growth	Pair Corr
0.99	DYGAX	Dynamic Growth	Pair Corr
0.62	PAALX	All Asset Fund	Pair Corr
0.89	PAAIX	All Asset Fund	Pair Corr
0.89	PALPX	Pimco All Asset	Pair Corr
0.89	PAANX	Pimco All Asset	Pair Corr
0.93	EKWDX	Wells Fargo Advantage	Pair Corr
0.8	OEPIX	Oil Equipment Services	Pair Corr
0.8	OEPSX	Oil Equipment Services	Pair Corr
0.96	AWSHX	Washington Mutual	Pair Corr

Moving against Balanced Mutual Fund

0.4

CISGX

Touchstone Sands Capital

Pair Corr

Related Correlations Analysis

	FLDGX	BACPX	HULEX	HLEMX	SBRVX	SPWYX	MNHIX	FLDOX	BUMGX	BUIGX
FLDGX		0.88	0.93	0.25	0.94	0.76	0.84	0.99	0.87	0.87	FLDGX
BACPX	0.88		0.92	0.0	0.87	0.79	0.82	0.94	0.82	0.83	BACPX
HULEX	0.93	0.92		0.04	0.93	0.79	0.81	0.95	0.84	0.85	HULEX
HLEMX	0.25	0.0	0.04		0.27	-0.02	0.1	0.18	0.16	0.16	HLEMX
SBRVX	0.94	0.87	0.93	0.27		0.74	0.78	0.94	0.8	0.81	SBRVX
SPWYX	0.76	0.79	0.79	-0.02	0.74		0.93	0.77	0.79	0.8	SPWYX
MNHIX	0.84	0.82	0.81	0.1	0.78	0.93		0.84	0.85	0.86	MNHIX
FLDOX	0.99	0.94	0.95	0.18	0.94	0.77	0.84		0.88	0.88	FLDOX
BUMGX	0.87	0.82	0.84	0.16	0.8	0.79	0.85	0.88		1.0	BUMGX
BUIGX	0.87	0.83	0.85	0.16	0.81	0.8	0.86	0.88	1.0		BUIGX
	FLDGX	BACPX	HULEX	HLEMX	SBRVX	SPWYX	MNHIX	FLDOX	BUMGX	BUIGX

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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

BUIGX	+ 1.0	BUMGX
FLDOX	+ 0.99	FLDGX
FLDOX	+ 0.95	HULEX
SBRVX	+ 0.94	FLDGX
FLDOX	+ 0.94	BACPX
FLDOX	+ 0.94	SBRVX

High negative correlations

SPWYX	- 0.02	HLEMX
HLEMX	- 0.0	BACPX

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
FLDGX	0.65	0.11	0.14	0.17	0.51	(0.80)	1.21	(1.36)	8.84
BACPX	0.20	0.01	(0.11)	0.10	0.18	(0.24)	0.44	(0.44)	1.14
HULEX	0.58	0.03	0.03	0.10	0.64	(0.62)	1.11	(1.31)	3.74
HLEMX	0.50	0.03	(0.05)	(0.12)	0.70	(0.56)	0.97	(1.16)	3.38
SBRVX	1.15	0.40	0.37	0.37	0.50	(1.38)	2.68	(1.53)	15.19
SPWYX	0.99	(0.08)	(0.05)	0.00	1.30	(1.02)	1.97	(2.09)	6.50
MNHIX	0.58	(0.01)	(0.04)	0.04	0.67	(0.64)	1.23	(1.23)	3.16
FLDOX	0.35	0.04	0.02	0.14	0.25	(0.43)	0.73	(0.64)	3.26
BUMGX	0.42	0.00	(0.04)	0.06	0.81	(0.46)	0.73	(0.83)	5.52
BUIGX	0.42	0.00	(0.04)	0.07	0.83	(0.44)	0.72	(0.82)	5.51

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