Target Retirement Correlations

Mutual Funds USA . 
Fund . Target Retirement Income
URINX Fund  USD 11.55  0.06  0.52%   
The current 90-days correlation between Target Retirement Income and Templeton Global Balanced is 0.09 (i.e., Significant diversification). The correlation of Target Retirement 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.

Target Retirement Correlation With Market

Poor diversification

The correlation between Target Retirement Income and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Retirement Income 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 Target Retirement Income. 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 employment.

Moving together with Target Mutual Fund

  0.94SRVEX Victory Diversified StockPairCorr
  0.95SSGSX Victory Sycamore SmallPairCorr
  0.9SBFCX Victory Incore InvestmentPairCorr
  0.93MMECX Victory IntegrityPairCorr
  0.95MNNAX Victory Munder MultiPairCorr
  0.82IPFIX Victory IncorePairCorr
  0.88RSDYX Victory Incore LowPairCorr
  0.73RSEGX Victory Rs SmallPairCorr
  0.95RSDGX Victory Rs SelectPairCorr
  0.91RSGGX Victory Rs GlobalPairCorr
  0.87RSGRX Victory Rs GrowthPairCorr
  0.75RSFCX Victory Floating RatePairCorr
  0.78RSFLX Victory Floating RatePairCorr
  0.68RSIFX Victory Rs SciencePairCorr
  0.95RSINX Victory Rs InvestorsPairCorr
  0.84RSIGX Victory Rs InternationalPairCorr
  0.95RSPFX Victory Rs PartnersPairCorr
  0.75RSNRX Victory Global NaturalPairCorr
  0.75RSNYX Victory Global NaturalPairCorr
  0.95RSSYX Victory Rs SelectPairCorr
  0.95RSVYX Victory Rs ValuePairCorr
  0.72RSYEX Victory Rs SmallPairCorr
  0.88RSYYX Victory High YieldPairCorr
  0.89VSCVX Victory Integrity SmallPairCorr
  0.89VSVIX Victory Integrity SmallPairCorr
  0.95RCEYX Victory Rs LargePairCorr
  0.94RCOCX Victory Rs LargePairCorr
  0.94RVACX Victory Rs ValuePairCorr
  0.96MAIMX Victory Integrity MidPairCorr
  0.8VDSCX Victory Diversified StockPairCorr
  0.85URFRX Target Retirement 2040PairCorr
  1.0URFFX Target Retirement 2050PairCorr
  1.0URTRX Target Retirement 2030PairCorr
  0.9USAAX Growth Fund GrowthPairCorr
  0.7USAGX Precious Metals AndPairCorr
  0.96VETAX Victory Sycamore EstPairCorr
  0.95USAWX World GrowthPairCorr
  0.78USAUX Aggressive GrowthPairCorr
  0.78USATX Tax Exempt IntermediatePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Target Mutual Fund performing well and Target Retirement 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 Target Retirement'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.

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