Target 2010 Correlations

Mutual Funds . USA . 
Fund . Target 2010 Fund
TORFX Fund  USD 11.61  0.01  0.09%   
The current 90-days correlation between Target 2010 Fund and T Rowe Price is 0.85 (i.e., Very poor diversification). The correlation of Target 2010 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.

Target 2010 Correlation With Market

Good diversification

The correlation between Target 2010 Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target 2010 Fund 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 Target 2010 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 census.

Moving together with Target Mutual Fund

  1.0RPBAX T Rowe PricePairCorr
  0.96RPMGX T Rowe PricePairCorr
  0.96RRMGX T Rowe PricePairCorr
  0.98RRTDX T Rowe PricePairCorr
  1.0RRTCX T Rowe PricePairCorr
  0.99RRTFX T Rowe PricePairCorr
  0.99RRTBX Trowe Price RetirementPairCorr
  0.99RRTAX T Rowe PricePairCorr
  0.99RRTIX T Rowe PricePairCorr
  0.99RCLIX T Rowe PricePairCorr
  0.96PMEGX T Rowe PricePairCorr
  0.98TQAAX T Rowe PricePairCorr
  0.73PRFHX T Rowe PricePairCorr
  0.96PRJIX T Rowe PricePairCorr
  0.98PRHYX T Rowe PricePairCorr
  0.94PRNHX T Rowe PricePairCorr
  0.97PRMDX Maryland Short TermPairCorr
  0.96PAEIX T Rowe PricePairCorr
  0.97PAFDX T Rowe PricePairCorr
  0.99TRBCX T Rowe PricePairCorr
  0.99TRBOX T Rowe PricePairCorr
  0.99TRAVX T Rowe PricePairCorr
  0.98TRFHX T Rowe PricePairCorr
  0.96PAMCX T Rowe PricePairCorr
  0.94TREMX T Rowe PricePairCorr
  0.98PASTX T Rowe PricePairCorr
  0.95PASVX T Rowe PricePairCorr
  0.98PARCX T Rowe PricePairCorr
  0.99PARJX T Rowe PricePairCorr
  0.98PARKX T Rowe PricePairCorr
  0.67PATFX T Rowe PricePairCorr
  0.97PAVLX T Rowe PricePairCorr
  0.98TRSAX T Rowe PricePairCorr
  0.96TRQZX T Rowe PricePairCorr
  0.98TRRJX T Rowe PricePairCorr
  0.94TRUZX T Rowe PricePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Target Mutual Fund performing well and Target 2010 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 Target 2010'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
PEXMX  0.84  0.33  0.15 (1.58) 0.64 
(0.97)
 2.31 
(1.52)
 6.46 
TEEFX  0.78  0.17  0.16  0.31  0.64 
(0.89)
 2.34 
(1.31)
 5.35 
TECIX  0.13  0.06 (0.69) 16.81  0.00 
(0.22)
 0.54 
(0.11)
 0.78 
TEIMX  0.27  0.09 (0.14) 4.84  0.00 
(0.43)
 0.65 
(0.41)
 1.84 
PFFRX  0.10  0.05  0.00 (37.32) 0.00 
 0.00 
 0.44 
(0.11)
 0.86 
TEUIX  0.55  0.17  0.03 (3.81) 0.48 
(0.62)
 1.23 
(1.17)
 3.53 
OTCFX  0.79  0.21  0.05 (1.17) 0.84 
(0.82)
 2.06 
(1.69)
 5.55 
TFAIX  0.10  0.05 (0.71) 4.83  0.00 
(0.20)
 0.45 
(0.11)
 0.78 
TWRRX  0.28  0.11 (0.07)(2.84) 0.00 
(0.34)
 0.97 
(0.50)
 1.98 
TFBIX  0.17 (0.01)(0.52)(0.10) 0.19 
(0.24)
 0.41 
(0.31)
 1.04 

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