One Choice Correlations

Mutual Funds . USA . 
Fund . One Choice 2050
ARFVX Fund  USD 15.78  0.08  0.51%   
The current 90-days correlation between One Choice 2050 and Mid Cap Value is 0.87 (i.e., Very poor 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

Almost no diversification

The correlation between One Choice 2050 and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding One Choice 2050 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 One Choice 2050. 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 real.

Moving together with One Mutual Fund

  0.96AMDVX Mid Cap ValuePairCorr
  1.0AMEIX Equity GrowthPairCorr
  0.99AMGIX Income GrowthPairCorr
  0.66CDBCX Diversified BondPairCorr
  0.99AMKIX Emerging MarketsPairCorr
  0.63TWACX Short Term GovernmentPairCorr
  0.99TWCCX Ultra Fund CPairCorr
  0.99TWCAX Select Fund APairCorr
  0.99TWCGX Growth Fund InvestorPairCorr
  1.0TWBIX Balanced Fund InvestorPairCorr
  0.96TWEIX Equity IncomePairCorr
  0.99TWCUX Ultra Fund InvestorPairCorr
  0.71TWGAX International GrowthPairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.99TWGGX Global GrowthPairCorr
  0.93TWIEX International GrowthPairCorr
  0.99TWHIX Heritage Fund InvestorPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  0.63TWRCX Growth Fund CPairCorr
  0.87TWTCX Intermediate Term TaxPairCorr
  0.9TWTIX Intermediate Term TaxPairCorr
  0.64TWSCX Strategic Allocation:PairCorr
  0.65TWSAX Strategic Allocation:PairCorr
  1.0TWSMX Strategic Allocation:PairCorr
  0.63TWSIX Select Fund IPairCorr
  0.98TWVLX Value Fund InvestorPairCorr
  0.99TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.75TWUOX Short Term GovernmentPairCorr
  0.98NPHIX High Income FundPairCorr
  0.65ANONX Small Cap GrowthPairCorr
  0.65ANOGX Small Cap GrowthPairCorr
  0.99ANOIX Small Cap GrowthPairCorr
  0.65ANOHX American Century SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.70  0.00 (0.02) 0.13  0.76 
(0.74)
 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  0.26  0.00 (0.32) 0.17  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.21  0.19  0.59  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (0.88)(0.18) 0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.65  0.03 (0.01) 0.17  0.64 
(0.74)
 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  0.14  0.14  0.26  0.73 
(1.00)
 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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