Strategic Allocation Correlations

Mutual Funds . USA . 
Fund . Strategic Allocation Servative
AACRX Fund  USD 5.62  0.01  0.18%   
The current 90-days correlation between Strategic Allocation and Mid Cap Value is 0.85 (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

Good diversification

The correlation between Strategic Allocation Servative and DJI is -0.12 (i.e., Good 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 Trending Equities 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 metropolitan statistical area.

Moving together with Strategic Mutual Fund

  0.96AMDVX Mid Cap ValuePairCorr
  0.98AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.72CDBCX Diversified BondPairCorr
  0.97AMKIX Emerging MarketsPairCorr
  0.68TWACX Short Term GovernmentPairCorr
  0.98TWADX Value Fund APairCorr
  0.97TWCCX Ultra Fund CPairCorr
  0.98TWCAX Select Fund APairCorr
  0.97TWCIX Select Fund InvestorPairCorr
  0.98TWCGX Growth Fund InvestorPairCorr
  0.7TWARX Short Term GovernmentPairCorr
  0.77TWAVX Short Term GovernmentPairCorr
  0.93AMVYX Mid Cap ValuePairCorr
  0.96AMVRX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.96AMVGX Mid Cap ValuePairCorr
  0.93TWEAX Equity IncomePairCorr
  0.96TWEIX Equity IncomePairCorr
  0.97TWCUX Ultra Fund InvestorPairCorr
  0.94TWGAX International GrowthPairCorr
  0.98TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.92TWIEX International GrowthPairCorr
  0.97TWHIX Heritage Fund InvestorPairCorr
  0.97TWMIX Emerging MarketsPairCorr
  0.98TWRCX Growth Fund CPairCorr
  0.89TWTCX Intermediate Term TaxPairCorr
  0.92TWTIX Intermediate Term TaxPairCorr
  1.0TWSCX Strategic Allocation:PairCorr
  1.0TWSAX Strategic Allocation:PairCorr
  1.0TWSMX Strategic Allocation:PairCorr
  0.97TWSIX Select Fund IPairCorr
  0.77TWUSX Short Term GovernmentPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  0.98TWUAX Ultra Fund APairCorr
  0.97TWUIX Ultra Fund IPairCorr
  0.77TWUOX Short Term GovernmentPairCorr
  0.93TWWOX Intermediate Term TaxPairCorr
  0.97NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.71  0.15  0.00 (1.10) 0.73 
(0.76)
 1.96 
(1.39)
 4.36 
AMEIX  0.67  0.12  0.12  0.25  0.56 
(0.74)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.04  0.02  0.17  0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.27  0.02 (0.29)(8.10) 0.24 
(0.33)
 0.56 
(0.44)
 1.46 
AMKIX  0.54  0.21  0.19  0.59  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.10  0.00 (0.87) 0.33  0.00 
(0.17)
 0.22 
(0.22)
 0.56 
TWADX  0.66  0.16  0.01 (1.05) 0.64 
(0.75)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.14  0.13  0.26  0.77 
(0.95)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.29  0.14 (3.46) 0.74 
(1.01)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.14  0.14  0.26  0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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