Balanced Allocation Correlations

Mutual Funds . USA . 
Fund . Balanced Allocation Fund
GBAYX Fund  USD 12.25  0.05  0.41%   
The current 90-days correlation between Balanced Allocation and Volumetric Fund Volumetric is 0.96 (i.e., Almost no diversification). The correlation of Balanced 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.

Balanced Allocation Correlation With Market

Almost no diversification

The correlation between Balanced Allocation Fund and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Allocation Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Balanced 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 manufacturing.

Moving together with Balanced Mutual Fund

  0.64GCOZX Growth AllocationPairCorr
  0.62GDMYX Defensive Market StrPairCorr
  0.62GDMZX Defensive Market StrPairCorr
  0.62GEIYX Guidestone Growth EquityPairCorr
  0.62GEIZX Guidestone Growth EquityPairCorr
  0.64GEMYX Emerging Markets EquityPairCorr
  0.64GEMZX Emerging Markets EquityPairCorr
  0.61GEQYX Equity Index InstituPairCorr
  0.61GEQZX Equity Index InvestorPairCorr
  0.63GFIZX Conservative AllocationPairCorr
  0.61GGBZX Aggressive AllocationPairCorr
  0.63GGEYX Guidestone Fds GrowthPairCorr
  0.63GGEZX Growth Equity InvestorPairCorr
  0.64GGIZX Balanced AllocationPairCorr
  1.0GGRYX Growth AllocationPairCorr
  0.67GIEYX International EquityPairCorr
  0.67GIEZX International EquityPairCorr
  0.66GIIYX International EquityPairCorr
  0.95GIIZX Guidestone Funds IntPairCorr
  0.76GMDZX Medium Duration BondPairCorr
  0.63GMFZX Mydestination 2045PairCorr
  0.64GMEYX Guidestone Funds ImpactPairCorr
  0.64GMEZX Guidestone Funds ImpactPairCorr
  0.63GMHYX Mydestination 2035PairCorr
  0.64GMHZX Mydestination 2035PairCorr
  0.63GMGYX Mydestination 2055PairCorr
  0.63GMGZX Mydestination 2055PairCorr
  0.63GMTYX Mydestination 2015PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Balanced Mutual Fund performing well and Balanced 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 Balanced 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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