Dynamic Allocation Correlations

VDAFX Fund

USD 11.50 0.05 0.44%

The current 90-days correlation between Dynamic Allocation and Baird Short Term Bond is 0.1 (i.e., Average diversification). The correlation of Dynamic 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.

Dynamic Allocation Correlation With Market

Very poor diversification

The correlation between Dynamic Allocation Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Allocation Fund 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 Dynamic Allocation Fund. 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 census.

Moving together with Dynamic Mutual Fund

0.95	VCAAX	Asset Allocation	Pair Corr
0.71	VVSCX	Valic Company I	Pair Corr
0.8	ABALX	American Balanced	Pair Corr
0.63	BALCX	American Balanced	Pair Corr
0.9	BALFX	American Balanced	Pair Corr
0.63	RLBCX	American Balanced	Pair Corr
0.63	RLBBX	American Balanced	Pair Corr
0.82	CLBAX	American Balanced	Pair Corr
0.63	CLBEX	American Balanced	Pair Corr
0.63	RLBFX	American Balanced	Pair Corr
0.62	WHIAX	Ivy High Income	Pair Corr
0.63	IHIFX	Ivy High Income	Pair Corr
0.74	IVHIX	Ivy High Income	Pair Corr
0.64	VGWIX	Vanguard Global Wellesley	Pair Corr
0.7	EIHIX	Eaton Vance High	Pair Corr
0.64	NMSCX	Columbia Small Cap	Pair Corr
0.72	HSNYX	The Hartford Strategic	Pair Corr
0.61	TLAFX	Transamerica Large Core	Pair Corr
0.61	TLARX	Transamerica Large Core	Pair Corr
0.81	DQIRX	Dreyfus Equity Income	Pair Corr
0.75	ACYIX	High Yield Fund	Pair Corr
0.75	MSJAX	Morgan Stanley Global	Pair Corr

Related Correlations Analysis

	BSBIX	TASTX	TAAQX	SNORX
BSBIX		0.89	0.9	0.78	BSBIX
TASTX	0.89		0.99	0.85	TASTX
TAAQX	0.9	0.99		0.84	TAAQX
SNORX	0.78	0.85	0.84		SNORX
	BSBIX	TASTX	TAAQX	SNORX

Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic 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 Dynamic 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
BSBIX	0.04	0.00	0.00	0.06	0.00	0.00	0.10	(0.10)	0.52
TASTX	0.06	0.00	(0.73)	0.04	0.00	(0.13)	0.10	(0.10)	0.51
TAAQX	0.06	0.00	(0.81)	0.05	0.00	(0.13)	0.10	(0.10)	0.51
SNORX	0.76	0.13	0.13	0.25	0.56	(0.83)	1.78	(1.28)	6.59

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Dynamic Allocation Correlations

Dynamic Allocation Correlation With Market

Very poor diversification

Moving together with Dynamic Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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