Retirement Living Correlations

JRTGX Fund

USD 13.69 0.08 0.59%

The current 90-days correlation between Retirement Living Through and Ab All Market is 0.84 (i.e., Very poor 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 0.77 (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 various price indices.

Moving together with Retirement Mutual Fund

0.99	VTHRX	Vanguard Target Reti	Pair Corr
0.99	AAETX	American Funds 2030	Pair Corr
0.98	CCETX	American Funds 2030	Pair Corr
0.99	FAETX	American Funds 2030	Pair Corr
1.0	FSNQX	Fidelity Freedom 2030	Pair Corr
1.0	FFFEX	Fidelity Freedom 2030	Pair Corr
0.99	FGTKX	Fidelity Freedom 2030	Pair Corr
1.0	TRFHX	T Rowe Price	Pair Corr
1.0	RRTCX	T Rowe Price	Pair Corr
0.8	LIIAX	Columbia Porate Income	Pair Corr
0.79	SRINX	Columbia Porate Income	Pair Corr
0.85	GPICX	Guidepath Conservative	Pair Corr
0.94	FPXIX	Fidelity Advisor 529	Pair Corr
0.65	BAC	Bank of America	Pair Corr
0.92	GE	GE Aerospace	Pair Corr
0.82	IBM	International Business	Pair Corr
0.69	AXP	American Express	Pair Corr

Moving against Retirement Mutual Fund

0.71	T	ATT Inc	Pair Corr
0.7	VZ	Verizon Communications	Pair Corr
0.5	MCD	McDonalds	Pair Corr
0.38	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.36	HD	Home Depot	Pair Corr

Related Correlations Analysis

	AMTOX	GQESX	TBLDX	SMPIX	REMVX	DBELX
AMTOX		0.95	0.94	0.84	0.94	0.87	AMTOX
GQESX	0.95		0.97	0.89	0.93	0.84	GQESX
TBLDX	0.94	0.97		0.89	0.91	0.82	TBLDX
SMPIX	0.84	0.89	0.89		0.9	0.71	SMPIX
REMVX	0.94	0.93	0.91	0.9		0.91	REMVX
DBELX	0.87	0.84	0.82	0.71	0.91		DBELX
	AMTOX	GQESX	TBLDX	SMPIX	REMVX	DBELX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMTOX	0.45	0.05	0.06	0.11	0.57	(0.49)	0.97	(1.04)	3.23
GQESX	0.56	0.06	0.06	0.09	0.77	(0.54)	1.18	(1.14)	3.44
TBLDX	0.27	0.02	0.01	0.06	0.34	(0.29)	0.55	(0.54)	1.73
SMPIX	2.38	0.19	0.06	0.12	3.18	(2.28)	6.54	(5.47)	14.79
REMVX	0.65	0.13	0.13	0.22	0.73	(0.73)	1.38	(0.83)	4.64
DBELX	0.22	0.03	0.03	0.24	0.20	(0.24)	0.42	(0.53)	1.28

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