Dynamic Allocation Correlations

Mutual Funds . USA . 
Fund . Dynamic Allocation Fund
VDAFX Fund  USD 11.54  0.03  0.26%   
The current 90-days correlation between Dynamic Allocation and Guidepath Managed Futures is 0.62 (i.e., Poor 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 0.85 (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 price.

Moving together with Dynamic Mutual Fund

  0.8VMIDX Mid Cap IndexPairCorr
  0.88VMSGX Mid Cap StrategicPairCorr
  0.64VAPPX Valic Company IPairCorr
  0.95VSRDX Valic Company IPairCorr
  0.99VSTIX Stock Index FundPairCorr
  0.74VSSVX Small Cap SpecialPairCorr
  0.75VBCVX Broad Cap ValuePairCorr
  0.95VCAAX Asset AllocationPairCorr
  0.67VCBDX Valic Company IPairCorr
  0.66VCBCX Blue Chip GrowthPairCorr
  0.93VCGAX Growth IncomePairCorr
  0.7VCGEX Emerging EconomiesPairCorr
  0.71VCFVX Foreign ValuePairCorr
  0.78VCIEX International EquitiesPairCorr
  0.74VCIFX International GovernmentPairCorr
  0.77VCIGX Valic Company IPairCorr
  0.86VCINX International GrowthPairCorr
  0.88VCNIX Nasdaq 100 IndexPairCorr
  0.65VCSTX Science TechnologyPairCorr
  0.8VCSOX Global Social AwarenessPairCorr
  0.81VCSLX Small Cap IndexPairCorr
  0.76VCULX Growth Fund GrowthPairCorr
  0.75VVMCX Valic Company IPairCorr
  0.89VVSGX Valic Company IPairCorr
  0.73VVSCX Valic Company IPairCorr
  0.93VGCLX Valic Company IPairCorr
  0.82VGLSX Global StrategyPairCorr
  0.64VGREX Global Real EstatePairCorr
  0.76VHYLX Valic Company IPairCorr
  0.81VIOPX Valic Company IPairCorr
  0.93VLAGX Valic Company IPairCorr
  0.99VLCGX Large Capital GrowthPairCorr
  0.93VLSMX Valic Company IPairCorr
  0.78ABALX American BalancedPairCorr
  0.69BALCX American BalancedPairCorr
  0.85BALFX American BalancedPairCorr
  0.69FBONX American Funds AmericanPairCorr

Moving against Dynamic Mutual Fund

  0.39ERH Allspring Utilities AndPairCorr

Related Correlations Analysis


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.

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