Retirement Living Correlations

Mutual Funds . USA . 
Fund . Retirement Living Through
JLKQX Fund  USD 13.28  0.14  1.07%   
The current 90-days correlation between Retirement Living Through and Praxis Genesis Growth is -0.07 (i.e., Good diversification). The correlation of Retirement Living 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.

Retirement Living Correlation With Market

Poor diversification

The correlation between Retirement Living Through and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Retirement Living Through 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 Retirement Living Through. 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 producer price index.

Moving together with Retirement Mutual Fund

  1.0VFFVX Vanguard Target RetiPairCorr
  1.0FAJTX American Funds 2055PairCorr
  0.89AAMTX American Funds 2055PairCorr
  1.0CCJTX American Funds 2055PairCorr
  1.0FTYPX Fidelity Freedom IndexPairCorr
  1.0TRJMX T Rowe PricePairCorr
  1.0FDEEX Fidelity Freedom 2055PairCorr
  1.0FCTKX Fidelity Freedom 2055PairCorr
  1.0FDEWX Fidelity Freedom IndexPairCorr
  0.96FTCAX Templeton Strained BondPairCorr
  0.94PSHAX Short Term FundPairCorr
  0.97FFFCX Fidelity Freedom 2010PairCorr
  0.95FISVX Fidelity Small CapPairCorr
  0.95RIVKX American Funds InterPairCorr
  0.99CSRYX Columbia Select LargePairCorr
  0.97FDEGX Fidelity Growth StraPairCorr
  0.97SPSDX Sterling Capital BehPairCorr

Moving against Retirement Mutual Fund

  0.99USPSX Profunds Ultrashort Potential GrowthPairCorr
  0.99USPIX Profunds Ultrashort Potential GrowthPairCorr
  0.42UIPIX Ultrashort Mid CapPairCorr
  0.36TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Retirement Mutual Fund performing well and Retirement Living 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 Retirement Living'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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