Moderate Balanced Correlations

SBMCX Fund

USD 12.07 0.02 0.17%

The current 90-days correlation between Moderate Balanced and T Rowe Price is 0.03 (i.e., Significant 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 weak diversification

The correlation between Moderate Balanced Allocation and DJI is 0.49 (i.e., Very weak 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 unemployment.

Moving together with Moderate Mutual Fund

0.81	ABALX	American Balanced	Pair Corr
0.93	BALCX	American Balanced	Pair Corr
0.8	BALFX	American Balanced	Pair Corr
0.93	RLBCX	American Balanced	Pair Corr
0.93	RLBBX	American Balanced	Pair Corr
0.81	CLBAX	American Balanced	Pair Corr
0.93	CLBEX	American Balanced	Pair Corr
0.93	RLBFX	American Balanced	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.69	VTSMX	Vanguard Total Stock	Pair Corr
0.7	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.85	VTIAX	Vanguard Total Inter	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.7	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Moderate Mutual Fund

0.6	FBONX	American Funds American	Pair Corr
0.6	FBAFX	American Funds American	Pair Corr
0.55	T	ATT Inc	Pair Corr
0.34	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	PRINX	FCMAX	RWMIX	PBCAX	LOISX	ATOAX
PRINX		0.94	0.94	0.8	0.86	0.44	PRINX
FCMAX	0.94		0.88	0.9	0.96	0.59	FCMAX
RWMIX	0.94	0.88		0.67	0.76	0.23	RWMIX
PBCAX	0.8	0.9	0.67		0.97	0.84	PBCAX
LOISX	0.86	0.96	0.76	0.97		0.77	LOISX
ATOAX	0.44	0.59	0.23	0.84	0.77		ATOAX
	PRINX	FCMAX	RWMIX	PBCAX	LOISX	ATOAX

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
PRINX	0.07	0.01	(0.38)	(1.49)	(0.13)	0.18	(0.09)	0.71
FCMAX	0.08	0.02	(0.46)	3.10	(0.14)	0.24	(0.08)	0.57
RWMIX	0.07	0.01	(0.38)	2.01	(0.11)	0.15	(0.15)	0.68
PBCAX	0.06	0.00	(0.55)	0.00	(0.14)	0.20	(0.10)	0.40
LOISX	0.07	0.02	(0.44)	2.02	(0.13)	0.20	(0.10)	0.49
ATOAX	0.01	0.00	0.00	0.47	0.00	0.00	0.00	0.20

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