One Choice Correlations

The current 90-days correlation between One Choice Portfolio and One Choice 2060 is 0.96 (i.e., Almost no diversification). The correlation of One Choice 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.

One Choice Correlation With Market

Very poor diversification

The correlation between One Choice Portfolio 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 One Choice Portfolio and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with One Mutual Fund

0.85	AMEIX	Equity Growth	Pair Corr
0.72	AMGIX	Income Growth	Pair Corr
0.8	AMKIX	Emerging Markets	Pair Corr
0.89	TWCAX	Select Fund A	Pair Corr
0.89	TWCIX	Select Fund Investor	Pair Corr
0.89	TWCGX	Growth Fund Investor	Pair Corr
0.92	TWBIX	Balanced Fund Investor	Pair Corr
0.85	TWCUX	Ultra Fund Investor	Pair Corr
0.75	TWGAX	International Growth	Pair Corr
0.89	TWGIX	Growth Fund I	Pair Corr
0.84	TWGGX	Global Growth	Pair Corr
0.9	TWIEX	International Growth	Pair Corr
0.9	TWRCX	Growth Fund C	Pair Corr
0.65	TWTCX	Intermediate Term Tax	Pair Corr
0.63	TWTIX	Intermediate Term Tax	Pair Corr
0.95	TWSCX	Strategic Allocation	Pair Corr
0.98	TWSAX	Strategic Allocation:	Pair Corr
0.99	TWSMX	Strategic Allocation	Pair Corr
0.88	TWSIX	Select Fund I	Pair Corr
0.85	TWUAX	Ultra Fund A	Pair Corr
0.85	TWUIX	Ultra Fund I	Pair Corr
0.63	TWWOX	Intermediate Term Tax	Pair Corr
0.76	NPHIX	High Income Fund	Pair Corr

Related Correlations Analysis

	ARGVX	HFCVX	LEAOX	TWSCX	RISAX	RAIIX	OCMPX	EXBAX	BGNMX	MSSMX
ARGVX		0.39	0.87	0.98	0.37	0.38	0.67	0.87	0.71	0.57	ARGVX
HFCVX	0.39		0.39	0.35	-0.15	-0.14	-0.01	0.41	0.29	-0.25	HFCVX
LEAOX	0.87	0.39		0.85	0.03	0.04	0.5	0.75	0.83	0.47	LEAOX
TWSCX	0.98	0.35	0.85		0.38	0.39	0.65	0.88	0.79	0.58	TWSCX
RISAX	0.37	-0.15	0.03	0.38		1.0	0.63	0.26	-0.05	0.63	RISAX
RAIIX	0.38	-0.14	0.04	0.39	1.0		0.63	0.27	-0.04	0.63	RAIIX
OCMPX	0.67	-0.01	0.5	0.65	0.63	0.63		0.6	0.28	0.78	OCMPX
EXBAX	0.87	0.41	0.75	0.88	0.26	0.27	0.6		0.7	0.37	EXBAX
BGNMX	0.71	0.29	0.83	0.79	-0.05	-0.04	0.28	0.7		0.32	BGNMX
MSSMX	0.57	-0.25	0.47	0.58	0.63	0.63	0.78	0.37	0.32		MSSMX
	ARGVX	HFCVX	LEAOX	TWSCX	RISAX	RAIIX	OCMPX	EXBAX	BGNMX	MSSMX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RAIIX	+ 1.0	RISAX
TWSCX	+ 0.98	ARGVX
EXBAX	+ 0.88	TWSCX
LEAOX	+ 0.87	ARGVX
EXBAX	+ 0.87	ARGVX
TWSCX	+ 0.85	LEAOX

High negative correlations

MSSMX	- 0.25	HFCVX
RISAX	- 0.15	HFCVX
RAIIX	- 0.14	HFCVX
BGNMX	- 0.05	RISAX
BGNMX	- 0.04	RAIIX
OCMPX	- 0.01	HFCVX

Risk-Adjusted Indicators

There is a big difference between One Mutual Fund performing well and One Choice 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 One Choice'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
ARGVX	0.45	(0.01)	(0.03)	0.02	0.64	(0.42)	1.03	(0.96)	3.46
HFCVX	0.46	0.01	(0.02)	0.06	0.47	(0.50)	0.84	(0.70)	2.55
LEAOX	0.65	0.06	0.05	0.16	0.70	(0.71)	1.42	(1.05)	3.76
TWSCX	0.28	0.00	(0.07)	0.03	0.29	(0.32)	0.52	(0.52)	1.92
RISAX	0.62	(0.07)	0.00	(0.05)	0.00	0.00	0.96	(1.29)	4.46
RAIIX	0.62	(0.06)	0.00	(0.04)	0.00	0.00	0.97	(1.30)	4.47
OCMPX	0.62	(0.07)	0.00	(1.21)	0.00	0.00	0.91	(1.42)	3.64
EXBAX	0.28	(0.01)	(0.08)	0.02	0.33	(0.30)	0.61	(0.59)	1.67
BGNMX	0.18	0.03	(0.04)	0.78	0.00	(0.22)	0.34	(0.22)	1.00
MSSMX	1.47	(0.11)	0.00	(0.73)	0.00	0.00	3.23	(3.81)	9.51

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