Balanced Fund Correlations

Mutual Funds . USA . 
Fund . Balanced Fund Class
JBAVX Fund  USD 30.19  0.11  0.37%   
The current 90-days correlation between Balanced Fund Class and Auxier Focus Fund is 0.19 (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

Very poor diversification

The correlation between Balanced Fund Class and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Class and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Balanced Fund Class. 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 private.

Moving together with Balanced Mutual Fund

  0.92FRBAX Regional BankPairCorr
  0.93FRBCX Regional BankPairCorr
  0.87JQLBX Multimanager LifestylePairCorr
  0.88JQLCX Multimanager LifestylePairCorr
  0.87JQLGX Multimanager LifestylePairCorr
  0.89JRETX J Hancock IiPairCorr
  0.92JRGRX Regional BankPairCorr
  0.88JRLIX Retirement Living ThroughPairCorr
  0.89JROUX J Hancock IiPairCorr
  0.87JAAIX Alternative AssetPairCorr
  0.88JAAPX Alternative AssetPairCorr
  0.88JAARX Alternative AssetPairCorr
  0.88JAASX Alternative AssetPairCorr
  0.89JAAVX Jhancock MultimanagerPairCorr
  0.89JAAZX Jhancock MultimanagerPairCorr
  0.89JABEX Jhancock MultimanagerPairCorr
  0.86JAAAX Alternative AssetPairCorr
  0.83PZFVX Classic ValuePairCorr
  0.87JAACX Alternative AssetPairCorr
  0.89JRTYX Multi Index 2050PairCorr
  0.84JABKX John Hancock FundsPairCorr
  0.9JABVX John Hancock GlobalPairCorr
  0.98JACFX John Hancock MidPairCorr
  0.86JALRX Multimanager LifestylePairCorr
  0.85JSNRX Jhancock Short DurationPairCorr
  0.97SVBAX Balanced Fund ClassPairCorr
  1.0JBATX Balanced Fund ClassPairCorr
  0.87JTAIX Multimanager LifestylePairCorr
  0.89JTMIX Multimanager LifestylePairCorr
  0.99JCVVX Classic ValuePairCorr
  0.98JDVFX John Hancock DisciplinedPairCorr

Moving against Balanced Mutual Fund

  0.67JTLAX Multimanager LifestylePairCorr
  0.66JCLBX Multimanager LifestylePairCorr

Related Correlations Analysis


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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