Target Retirement Correlations

Mutual Funds . USA . 
Fund . Target Retirement Income
URINX Fund  USD 11.61  0.01  0.09%   
The current 90-days correlation between Target Retirement Income and Growth Fund Of is 0.92 (i.e., Almost no 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

Very poor diversification

The correlation between Target Retirement Income and DJI is 0.89 (i.e., Very 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 inflation.

Moving together with Target Mutual Fund

  0.95SRVEX Victory Diversified StockPairCorr
  0.9SBFCX Victory Incore InvestmentPairCorr
  0.93MMECX Victory IntegrityPairCorr
  0.95MNNAX Victory Munder MultiPairCorr
  0.84IPFIX Victory IncorePairCorr
  0.76RSEGX Victory Rs SmallPairCorr
  0.95RSIGX Victory Rs InternationalPairCorr
  0.91RSNRX Victory Global NaturalPairCorr
  0.91RSNYX Victory Global NaturalPairCorr
  0.78RSYEX Victory Rs SmallPairCorr
  0.94RCOCX Victory Rs LargePairCorr
  0.95VDSCX Victory Diversified StockPairCorr
  1.0URFRX Target Retirement 2040PairCorr
  1.0URFFX Target Retirement 2050PairCorr
  1.0URTRX Target Retirement 2030PairCorr
  0.9USAAX Growth Fund GrowthPairCorr
  0.91USAGX Precious Metals AndPairCorr
  0.95USAWX World GrowthPairCorr
  0.99USCCX Cornerstone ConservativePairCorr
  0.94USCAX Small Cap StockPairCorr
  0.93USCRX Cornerstone ModeratelyPairCorr
  0.96VEVCX Victory Sycamore EstPairCorr
  0.8USBLX Growth And TaxPairCorr
  0.95USEMX Emerging MarketsPairCorr
  0.81USNQX Nasdaq 100 IndexPairCorr
  0.95USMIX Extended Market IndexPairCorr
  0.86USSBX Short Term BondPairCorr
  0.94USSPX Sp 500 IndexPairCorr
  0.91RGNCX Victory Global NaturalPairCorr
  0.95UCMCX Cornerstone ModeratelyPairCorr
  0.84MGOAX Victory Munder MidPairCorr
  0.93MISAX Victory TrivalentPairCorr
  0.66VTINX Vanguard Target RetiPairCorr
  0.68LIRIX Blackrock Lifepath IdxPairCorr
  0.67LIRAX Blackrock Lfpth IdxPairCorr
  0.78JSIIX Jpmorgan SmartretirementPairCorr
  0.78JSIZX Jpmorgan SmartretirementPairCorr
  0.78JSIYX Jpmorgan SmartretirementPairCorr

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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