Strategic Allocation Correlations

TWSCX Fund

USD 5.81 0.02 0.35%

The current 90-days correlation between Strategic Allocation and Stock Index Fund is 0.88 (i.e., Very poor diversification). The correlation of Strategic Allocation 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.

Strategic Allocation Correlation With Market

Almost no diversification

The correlation between Strategic Allocation Servative and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Allocation Servative 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 Strategic Allocation Servative. 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 Strategic Mutual Fund

0.92	AMDVX	Mid Cap Value	Pair Corr
0.88	AMGIX	Income Growth	Pair Corr
0.74	CDBCX	Diversified Bond	Pair Corr
0.96	AMKIX	Emerging Markets	Pair Corr
0.86	TWACX	Short Term Government	Pair Corr
0.92	TWADX	Value Fund A	Pair Corr
0.85	TWARX	Short Term Government	Pair Corr
0.84	TWAVX	Short Term Government	Pair Corr
0.87	AMVYX	Mid Cap Value	Pair Corr
0.87	AMVRX	Mid Cap Value	Pair Corr
0.72	TWBIX	Balanced Fund Investor	Pair Corr
0.87	AMVGX	Mid Cap Value	Pair Corr
0.89	TWEAX	Equity Income	Pair Corr
0.9	TWEIX	Equity Income	Pair Corr
0.93	TWGAX	International Growth	Pair Corr
0.68	TWGGX	Global Growth	Pair Corr
0.97	TWIEX	International Growth	Pair Corr
0.96	TWMIX	Emerging Markets	Pair Corr
0.91	TWTCX	Intermediate Term Tax	Pair Corr
0.91	TWTIX	Intermediate Term Tax	Pair Corr
1.0	TWSAX	Strategic Allocation	Pair Corr
1.0	TWSMX	Strategic Allocation	Pair Corr
0.82	TWUSX	Short Term Government	Pair Corr
0.93	TWVLX	Value Fund Investor	Pair Corr
0.85	TWUOX	Short Term Government	Pair Corr
0.9	TWWOX	Intermediate Term Tax	Pair Corr
0.92	NPHIX	High Income Fund	Pair Corr

Moving against Strategic Mutual Fund

0.58	TWCGX	Growth Fund Investor	Pair Corr
0.35	TWCIX	Select Fund Investor	Pair Corr
0.58	TWGIX	Growth Fund I	Pair Corr
0.48	TWCUX	Ultra Fund Investor	Pair Corr
0.34	TWSIX	Select Fund I	Pair Corr
0.47	TWUIX	Ultra Fund I	Pair Corr
0.45	TWUAX	Ultra Fund A	Pair Corr

Related Correlations Analysis

	BACAX	DTLGX	EXBAX	WLCTX	AOVIX	FACEX	HFCVX	QIBGX	SEVPX	HSTIX
BACAX		-0.76	0.48	0.78	0.72	0.2	0.91	0.46	0.0	0.39	BACAX
DTLGX	-0.76		-0.15	-0.5	-0.32	-0.03	-0.65	-0.21	0.0	0.16	DTLGX
EXBAX	0.48	-0.15		0.87	0.91	0.89	0.69	0.9	0.0	0.84	EXBAX
WLCTX	0.78	-0.5	0.87		0.93	0.72	0.93	0.91	0.0	0.73	WLCTX
AOVIX	0.72	-0.32	0.91	0.93		0.72	0.85	0.83	0.0	0.83	AOVIX
FACEX	0.2	-0.03	0.89	0.72	0.72		0.49	0.87	0.0	0.73	FACEX
HFCVX	0.91	-0.65	0.69	0.93	0.85	0.49		0.73	0.0	0.6	HFCVX
QIBGX	0.46	-0.21	0.9	0.91	0.83	0.87	0.73		0.0	0.79	QIBGX
SEVPX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SEVPX
HSTIX	0.39	0.16	0.84	0.73	0.83	0.73	0.6	0.79	0.0		HSTIX
	BACAX	DTLGX	EXBAX	WLCTX	AOVIX	FACEX	HFCVX	QIBGX	SEVPX	HSTIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AOVIX	+ 0.93	WLCTX
HFCVX	+ 0.93	WLCTX
HFCVX	+ 0.91	BACAX
AOVIX	+ 0.91	EXBAX
QIBGX	+ 0.91	WLCTX
QIBGX	+ 0.9	EXBAX

High negative correlations

DTLGX	- 0.76	BACAX
HFCVX	- 0.65	DTLGX
WLCTX	- 0.5	DTLGX
AOVIX	- 0.32	DTLGX
QIBGX	- 0.21	DTLGX
EXBAX	- 0.15	DTLGX

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Allocation 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 Strategic Allocation'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
BACAX	0.87	0.31	0.22	10.21	0.69	(1.01)	1.95	(1.53)	4.45
DTLGX	0.77	(0.08)	0.00	(0.01)	0.00	0.00	1.55	(1.93)	5.18
EXBAX	0.36	0.07	0.05	0.33	0.06	(0.46)	0.69	(0.68)	4.72
WLCTX	0.67	0.35	0.59	0.49	0.00	(0.91)	1.54	(0.80)	12.43
AOVIX	0.61	0.17	0.21	0.29	0.27	(0.73)	1.08	(1.04)	9.26
FACEX	1.18	0.35	0.30	0.69	0.58	(1.61)	1.33	(1.83)	32.12
HFCVX	0.52	0.23	0.36	0.66	0.00	(0.68)	1.15	(0.74)	6.26
QIBGX	0.51	0.12	0.20	0.23	0.00	(0.69)	0.89	(0.80)	9.43
SEVPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HSTIX	0.53	0.01	(0.01)	0.10	0.62	(0.58)	0.91	(1.17)	3.59

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