Conservative Balanced Correlations

Mutual Funds . USA . 
Fund . Conservative Balanced Allocation
SUMCX Fund  USD 11.48  0.04  0.35%   
The current 90-days correlation between Conservative Balanced and Salient Alternative Beta is 0.93 (i.e., Almost no diversification). The correlation of Conservative Balanced 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.

Conservative Balanced Correlation With Market

Good diversification

The correlation between Conservative Balanced Allocati and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conservative Balanced Allocati and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Conservative Balanced Allocation. 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 main economic indicators.

Moving together with Conservative Mutual Fund

  1.0SABAX Salient Alternative BetaPairCorr
  1.0SABIX Aggressive BalancedPairCorr
  1.0SABCX Salient Alternative BetaPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  0.99SAMCX Salient Mlp FundPairCorr
  0.99SAMIX Moderately AggressivePairCorr
  0.97SSCCX Small CapitalizationPairCorr
  0.97SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  0.64SBHIX Health BiotchnologyPairCorr
  0.88SBMBX Energy Basic MaterialsPairCorr
  0.99SBMCX Moderate BalancedPairCorr
  0.99SBMIX Moderate BalancedPairCorr
  0.98STPAX Technology MunicationsPairCorr
  0.98STPCX Technology MunicationsPairCorr
  0.98STPIX Technology MunicationsPairCorr
  1.0SCAAX Conservative BalancedPairCorr
  0.88SEPIX Energy Basic MaterialsPairCorr
  0.88SEPCX Energy Basic MaterialsPairCorr
  0.96SFPCX Financial ServicesPairCorr
  0.98SFPAX Financial ServicesPairCorr
  0.61SHPAX Health BiotchnologyPairCorr
  0.62SIBPX Investment Quality BondPairCorr
  0.96SIEYX International EquityPairCorr
  0.69SIECX International EquityPairCorr
  0.96SIEPX International EquityPairCorr
  0.98SLCGX Large CapitalizationPairCorr
  0.98SLCVX Large Cap ValuePairCorr
  0.98SLGCX Large CapitalizationPairCorr
  0.99SLGYX Large CapitalizationPairCorr
  0.98SLVCX Large Cap ValuePairCorr
  0.99SLVYX Large Cap ValuePairCorr
  0.89SMBCX Municipal Bond PortfolioPairCorr
  0.91SMBAX Municipal Bond PortfolioPairCorr
  1.0SMACX Moderately ServativePairCorr
  0.92SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Conservative Mutual Fund performing well and Conservative Balanced 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 Conservative Balanced'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
SABAX  0.47  0.20  0.09 (1.85) 0.23 
(0.58)
 1.44 
(0.99)
 3.39 
SABIX  0.47  0.20  0.09 (1.96) 0.21 
(0.59)
 1.43 
(0.98)
 3.37 
SABCX  0.47  0.20  0.09 (1.85) 0.27 
(0.58)
 1.45 
(1.00)
 3.42 
SAMAX  0.43  0.18  0.06 (2.01) 0.22 
(0.52)
 1.35 
(0.90)
 3.12 
SAMCX  0.42  0.09  0.05  0.28  0.20 
(0.51)
 1.28 
(0.91)
 3.08 
SAMIX  0.42  0.09  0.05  0.29  0.17 
(0.51)
 1.34 
(0.80)
 3.10 
SSCCX  0.97  0.29  0.05 (1.52) 0.78 
(2.94)
 3.03 
(2.78)
 6.17 
SSCPX  0.88  0.10  0.09  0.22  0.82 
(1.00)
 2.29 
(1.42)
 5.66 
SSCYX  0.86  0.29  0.11 (1.13) 0.75 
(0.98)
 2.37 
(1.49)
 5.47 
SBCCX  0.38  0.17  0.04 (2.24) 0.17 
(0.46)
 1.21 
(0.79)
 2.70 

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