Moderate Balanced Correlations

SBMCX Fund

USD 12.09 0.01 0.08%

The current 90-days correlation between Moderate Balanced and Northern Short Intermediate Government is 0.18 (i.e., Average diversification). The correlation of Moderate Balanced 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.

Moderate Balanced Correlation With Market

Very poor diversification

The correlation between Moderate Balanced Allocation and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moderate Balanced Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Moderate Balanced Allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Moderate Mutual Fund

0.85	ABALX	American Balanced	Pair Corr
0.94	BALCX	American Balanced	Pair Corr
0.84	BALFX	American Balanced	Pair Corr
0.94	FBONX	American Funds American	Pair Corr
0.94	FBAFX	American Funds American	Pair Corr
0.94	RLBCX	American Balanced	Pair Corr
0.94	RLBBX	American Balanced	Pair Corr
0.84	CLBAX	American Balanced	Pair Corr
0.94	CLBEX	American Balanced	Pair Corr
0.94	RLBFX	American Balanced	Pair Corr
0.92	FSMMX	Fs Multi Strategy	Pair Corr
0.87	BTMPX	Ishares Msci Eafe	Pair Corr
0.87	BTMKX	Blackrock International	Pair Corr
0.86	MDIIX	Blackrock Intern Index	Pair Corr
0.63	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.63	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.62	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.83	FAASX	Fidelity Asset Manager	Pair Corr
0.97	GGOAX	Goldman Sachs Growth	Pair Corr
0.89	RLLGX	Smallcap World	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.7	WMT	Walmart Common Stock	Pair Corr
0.8	BA	Boeing	Pair Corr
0.66	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr

Moving against Moderate Mutual Fund

0.61	T	ATT Inc Earnings Call This Week	Pair Corr
0.47	MMM	3M Company	Pair Corr
0.36	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	RGVJX	CGTCX	AMUSX	RYAQX	USGFX	NSIUX
RGVJX		0.93	0.98	0.28	0.98	0.83	RGVJX
CGTCX	0.93		0.94	0.03	0.9	0.79	CGTCX
AMUSX	0.98	0.94		0.29	0.98	0.84	AMUSX
RYAQX	0.28	0.03	0.29		0.38	0.42	RYAQX
USGFX	0.98	0.9	0.98	0.38		0.85	USGFX
NSIUX	0.83	0.79	0.84	0.42	0.85		NSIUX
	RGVJX	CGTCX	AMUSX	RYAQX	USGFX	NSIUX

Risk-Adjusted Indicators

There is a big difference between Moderate Mutual Fund performing well and Moderate Balanced 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 Moderate Balanced'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
RGVJX	0.12	0.00	(0.22)	(2.27)	0.12	(0.14)	0.25	(0.25)	0.58
CGTCX	0.12	(0.01)	(0.24)	1.22	0.13	(0.14)	0.17	(0.25)	0.67
AMUSX	0.12	0.00	(0.21)	0.43	0.12	(0.15)	0.25	(0.25)	0.66
RYAQX	0.40	0.05	0.03	(4.68)	0.32	(0.45)	0.98	(0.61)	2.02
USGFX	0.12	0.00	(0.22)	0.63	0.11	(0.14)	0.25	(0.25)	0.58
NSIUX	0.06	0.00	(0.35)	(0.35)	0.00	(0.14)	0.11	(0.11)	0.42

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