1290 Retirement Correlations

Mutual Funds . USA . 
Fund . 1290 Retirement 2020
TNIIX Fund  USD 8.32  0.00  0.00%   
The current 90-days correlation between 1290 Retirement 2020 and Flkypx is 0.24 (i.e., Modest diversification). The correlation of 1290 Retirement 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.

1290 Retirement Correlation With Market

Modest diversification

The correlation between 1290 Retirement 2020 and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1290 Retirement 2020 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 1290 Retirement 2020. 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 gross domestic product.

Moving together with 1290 Mutual Fund

  1.0TNKIX 1290 Retirement 2030PairCorr
  0.99TNJIX 1290 Retirement 2025PairCorr
  1.0TNOIX 1290 Retirement 2045PairCorr
  1.0TNNIX 1290 Retirement 2040PairCorr
  1.0TNQIX 1290 Retirement 2055PairCorr
  1.0TNWIX 1290 Retirement 2050PairCorr

Moving against 1290 Mutual Fund

  0.73TNHAX 1290 High YieldPairCorr
  0.73TNHIX 1290 High YieldPairCorr
  0.72ESCKX 1290 FundsPairCorr
  0.72ESCJX 1290 Essex SmallPairCorr
  0.72ESCFX 1290 FundsPairCorr
  0.72TNVDX 1290 Doubleline DynamicPairCorr
  0.71TNHRX 1290 High YieldPairCorr
  0.69TNRAX 1290 FundsPairCorr
  0.67TNMAX 1290 Multi AlternativePairCorr
  0.67TNMIX 1290 Multi AlternativePairCorr
  0.67TNMRX 1290 Multi AlternativePairCorr
  0.66TNURX 1290 Unconstrained BondPairCorr
  0.65TNVAX 1290 Gamco SmallmidPairCorr
  0.64TNBIX 1290 Smartbeta EquityPairCorr
  0.64TNBRX 1290 Smartbeta EquityPairCorr
  0.64TNBAX 1290 Smartbeta EquityPairCorr
  0.32TNLIX 1290 Retirement 2035PairCorr
  0.74MHYIX Mainstay High YieldPairCorr
  0.73TNXAX 1290 Doubleline DynamicPairCorr
  0.73TNYRX 1290 Doubleline DynamicPairCorr
  0.73AACTX American Funds 2020PairCorr
  0.73CCCTX American Funds 2020PairCorr
  0.73FAOTX American Funds 2020PairCorr
  0.7VTWNX Vanguard Target RetiPairCorr
  0.69TNXIX 1290 Retirement 2060PairCorr
  0.69FSNOX Fidelity Freedom 2020PairCorr
  0.69FFFDX Fidelity Freedom 2020PairCorr
  0.69FATKX Fidelity Freedom 2020PairCorr
  0.69FIFRX Franklin GrowthPairCorr
  0.67PARBX Trowe Price RetirementPairCorr
  0.67RRTBX Trowe Price RetirementPairCorr
  0.67CNPCX New PerspectivePairCorr
  0.67IFBFX Intermediate BondPairCorr
  0.66TNUIX 1290 Unconstrained BondPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FLDFX
+ 1.0
FLKYPX
FKHEMX
+ 1.0
FABWX
FLDFX
+ 1.0
FABWX
FBANJX
+ 1.0
FABWX
FBANJX
+ 1.0
FLDFX
FABWX
+ 0.99
FLKYPX
  
High negative correlations   
IEMSX
- 0.09
FBJYGX
RTIUX
- 0.0
IEMSX

Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 Retirement 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 1290 Retirement'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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