Balanced Strategy Correlations

Mutual Funds . USA . 
Fund . Balanced Strategy Fund
RBLCX Fund  USD 11.26  0.02  0.18%   
The current 90-days correlation between Balanced Strategy and Growth Strategy Fund is 0.99 (i.e., No risk reduction). The correlation of Balanced Strategy 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 Strategy Correlation With Market

Very poor diversification

The correlation between Balanced Strategy Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Strategy Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Balanced Strategy Fund. 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 unemployment.

Moving together with Balanced Mutual Fund

  0.92RNTTX International DevelopedPairCorr
  0.87RREAX Global Real EstatePairCorr
  0.87RREYX Global Real EstatePairCorr
  0.87RRESX Global Real EstatePairCorr
  0.87RRSCX Global Real EstatePairCorr
  0.87RRSRX Global Real EstatePairCorr
  1.0RALAX Growth StrategyPairCorr
  1.0RALCX Growth StrategyPairCorr
  1.0RALSX Growth StrategyPairCorr
  1.0RALRX Growth StrategyPairCorr
  0.87RALVX Growth StrategyPairCorr
  0.8RSBRX Strategic BondPairCorr
  0.94RSBTX Short Duration BondPairCorr
  0.94RSBYX Short Duration BondPairCorr
  0.9RSCRX Us Small CapPairCorr
  0.93RSBCX Short Duration BondPairCorr
  0.95RSDTX Short Duration BondPairCorr
  0.98RAZAX Multi Asset GrowthPairCorr
  0.98RAZCX Multi Asset GrowthPairCorr
  0.97RSQAX Us E EquityPairCorr
  0.95RBCUX Tax Exempt BondPairCorr
  0.81RSYTX Strategic BondPairCorr
  1.0RBLAX Balanced StrategyPairCorr
  1.0RBLSX Balanced StrategyPairCorr
  0.92RBLVX Balanced StrategyPairCorr
  1.0RBLRX Balanced StrategyPairCorr
  0.71RTDAX Multifactor EquityPairCorr
  0.71RTDCX Multifactor EquityPairCorr
  0.71RTDYX Select EquityPairCorr
  0.71RTDSX Select EquityPairCorr
  0.71RTDRX Select EquityPairCorr
  0.71RTDTX Select EquityPairCorr
  0.95RTEAX Tax Exempt BondPairCorr
  0.95RTECX Tax Exempt BondPairCorr
  0.9RTHAX Tax Exempt HighPairCorr
  0.9RTHCX Tax Exempt HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Balanced Mutual Fund performing well and Balanced Strategy 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 Strategy'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
RNTTX  0.54  0.24  0.34  0.63  0.00 
(0.67)
 1.38 
(0.88)
 7.39 
RREAX  0.44  0.14  0.11  0.58  0.31 
(0.49)
 1.04 
(0.83)
 2.58 
RREYX  0.43  0.14  0.11  0.67  0.31 
(0.48)
 1.03 
(0.80)
 2.57 
RRESX  0.43  0.14  0.11  0.67  0.31 
(0.47)
 1.03 
(0.80)
 2.60 
RRSCX  0.43  0.13  0.10  0.64  0.33 
(0.48)
 1.03 
(0.85)
 2.57 
RRSRX  0.44  0.14  0.11  0.66  0.32 
(0.47)
 1.06 
(0.84)
 2.57 
RALAX  0.39  0.07  0.07  0.21  0.26 
(0.44)
 0.91 
(0.69)
 2.45 
RALCX  0.40  0.07  0.06  0.20  0.26 
(0.48)
 0.92 
(0.67)
 2.45 
RALSX  0.40  0.07  0.07  0.21  0.27 
(0.47)
 0.92 
(0.66)
 2.52 
RALRX  0.40  0.07  0.06  0.21  0.26 
(0.45)
 0.88 
(0.74)
 2.58 

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