Moderate Balanced Correlations

SBMCX Fund

USD 11.96 0.06 0.50%

The current 90-days correlation between Moderate Balanced and Pace High Yield is -0.03 (i.e., Good 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 0.88 (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 signals in services.

Moving together with Moderate Mutual Fund

0.96	SABAX	Salient Alternative Beta	Pair Corr
1.0	SABIX	Aggressive Balanced	Pair Corr
0.96	SABCX	Salient Alternative Beta	Pair Corr
0.97	SAMAX	Moderately Aggressive	Pair Corr
0.97	SAMCX	Salient Mlp Fund	Pair Corr
1.0	SAMIX	Moderately Aggressive	Pair Corr
0.71	SSCCX	Saratoga Small Capit	Pair Corr
0.77	SSCPX	Small Capitalization	Pair Corr
0.96	SSCYX	Small Capitalization	Pair Corr
1.0	SBCCX	Moderately Servative	Pair Corr
0.97	SBMIX	Moderate Balanced	Pair Corr
0.97	STPCX	Technology Communications	Pair Corr
0.97	SCAAX	Conservative Balanced	Pair Corr
0.97	SUMCX	Conservative Balanced	Pair Corr
0.68	SIEYX	International Equity	Pair Corr
0.68	SIECX	International Equity	Pair Corr
0.68	SIEPX	International Equity	Pair Corr
0.98	SLCVX	Large Cap Value	Pair Corr
0.91	SLGYX	Large Capitalization	Pair Corr
0.97	SLVCX	Large Cap Value	Pair Corr
0.99	SLVYX	Large Cap Value	Pair Corr
0.96	SMACX	Moderately Conservative	Pair Corr
1.0	SMICX	Moderately Conservative	Pair Corr
0.73	SMIPX	Mid Capitalization	Pair Corr
0.97	SMPAX	Moderate Balanced	Pair Corr
0.97	LUNAX	Conservative Balanced	Pair Corr
0.73	SPMAX	Mid Capitalization	Pair Corr
0.72	SPMCX	Mid Capitalization	Pair Corr
0.78	ABALX	American Balanced	Pair Corr
0.78	BALCX	American Balanced	Pair Corr

Moving against Moderate Mutual Fund

0.97

SLGCX

Large Capitalization

Pair Corr

Related Correlations Analysis

	AHYMX	BHYRX	ACHFX	FHYIX	GMOZX	ARTFX	LHYOX	PHIAX
AHYMX		0.87	0.92	0.94	0.88	0.86	0.82	0.89	AHYMX
BHYRX	0.87		0.98	0.82	0.98	0.97	0.96	0.95	BHYRX
ACHFX	0.92	0.98		0.85	0.97	0.97	0.95	0.96	ACHFX
FHYIX	0.94	0.82	0.85		0.82	0.8	0.76	0.87	FHYIX
GMOZX	0.88	0.98	0.97	0.82		0.93	0.95	0.96	GMOZX
ARTFX	0.86	0.97	0.97	0.8	0.93		0.95	0.93	ARTFX
LHYOX	0.82	0.96	0.95	0.76	0.95	0.95		0.94	LHYOX
PHIAX	0.89	0.95	0.96	0.87	0.96	0.93	0.94		PHIAX
	AHYMX	BHYRX	ACHFX	FHYIX	GMOZX	ARTFX	LHYOX	PHIAX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AHYMX	0.08	0.00	(0.26)	0.00	(0.17)	0.22	(0.11)	0.67
BHYRX	0.11	0.02	(0.24)	0.32	(0.21)	0.28	(0.14)	0.71
ACHFX	0.11	0.03	(0.25)	0.49	(0.20)	0.23	(0.12)	0.93
FHYIX	0.09	0.02	(0.22)	(10.38)	(0.14)	0.22	(0.22)	0.66
GMOZX	0.07	0.02	(0.35)	0.30	(0.11)	0.23	(0.12)	0.58
ARTFX	0.09	0.01	(0.42)	0.29	(0.18)	0.22	(0.11)	0.77
LHYOX	0.13	0.03	(0.20)	(1.11)	(0.21)	0.16	(0.16)	1.11
PHIAX	0.09	0.00	(0.23)	0.00	(0.14)	0.23	(0.11)	0.68

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