Balanced Fund Correlations

Mutual Funds . USA . 
Fund . Balanced Fund Retail
FLDFX Fund  USD 14.26  0.04  0.28%   
The current 90-days correlation between Balanced Fund Retail and Muirfield Fund Retail is -0.06 (i.e., Good 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

Good diversification

The correlation between Balanced Fund Retail and DJI is -0.04 (i.e., Good 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 census.

Moving together with Balanced Mutual Fund

  0.86SRUAX Spectrum Fund AdviserPairCorr
  0.86SRUIX Spectrum Fund InstitPairCorr
  0.95QNTAX Quantex Fund AdviserPairCorr
  0.95QNTIX Quantex Fund InstituPairCorr
  0.87BLNIX Balanced Fund InstitPairCorr
  0.87BLNAX Balanced Fund AdviserPairCorr
  0.71FLBDX Total Return BondPairCorr
  0.84FLCGX Quantex Fund RetailPairCorr
  0.8FLDOX Dividend OpportunitiesPairCorr
  0.99FLDGX Dynamic GrowthPairCorr
  0.65FLFGX Global OpportunitiesPairCorr
  0.86FLMIX Muirfield Fund InstiPairCorr
  0.86FLMFX Muirfield Fund RetailPairCorr
  0.86FLMAX Muirfield Fund AdviserPairCorr
  0.86FLSPX Spectrum Fund RetailPairCorr
  0.79DVOIX Dividend OpportunitiesPairCorr
  0.79DVOAX Dividend OpportunitiesPairCorr
  0.73BNDAX Total Return BondPairCorr
  0.72BNDIX Total Return BondPairCorr
  0.67GBPAX Global OpportunitiesPairCorr
  0.67GBPIX Global OpportunitiesPairCorr
  0.86DYGIX Dynamic GrowthPairCorr
  0.86DYGAX Dynamic GrowthPairCorr
  0.78SMPIX Semiconductor UltrasectorPairCorr
  0.69SMPSX Semiconductor UltrasectorPairCorr
  0.74RSNRX Victory Global NaturalPairCorr

Related Correlations Analysis

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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.

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