Balanced Fund Correlations

Mutual Funds . USA . 
Fund . Balanced Fund Investor
TWBIX Fund  USD 20.23  0.02  0.1%   
The current 90-days correlation between Balanced Fund Investor and Mid Cap Value is 0.79 (i.e., Poor diversification). The correlation of Balanced Fund 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.

Balanced Fund Correlation With Market

Almost no diversification

The correlation between Balanced Fund Investor and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Investor 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 Balanced Fund Investor. 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 Balanced Mutual Fund

  0.96AMDVX Mid Cap ValuePairCorr
  1.0AMEIX Equity GrowthPairCorr
  0.99AMGIX Income GrowthPairCorr
  0.69CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.64TWACX Short Term GovernmentPairCorr
  0.98TWADX Value Fund APairCorr
  0.99TWCCX Ultra Fund CPairCorr
  0.99TWCAX Select Fund APairCorr
  0.99TWCIX Select Fund InvestorPairCorr
  0.99TWCGX Growth Fund InvestorPairCorr
  0.69TWARX Short Term GovernmentPairCorr
  0.75TWAVX Short Term GovernmentPairCorr
  0.96AMVYX Mid Cap ValuePairCorr
  0.96AMVRX Mid Cap ValuePairCorr
  0.96AMVGX Mid Cap ValuePairCorr
  0.96TWEAX Equity IncomePairCorr
  0.96TWEIX Equity IncomePairCorr
  0.99TWCUX Ultra Fund InvestorPairCorr
  0.91TWGAX International GrowthPairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.99TWGGX Global GrowthPairCorr
  0.91TWIEX International GrowthPairCorr
  0.98TWHIX Heritage Fund InvestorPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  0.99TWRCX Growth Fund CPairCorr
  0.88TWTCX Intermediate Term TaxPairCorr
  0.9TWTIX Intermediate Term TaxPairCorr
  1.0TWSCX Strategic Allocation:PairCorr
  1.0TWSAX Strategic Allocation:PairCorr
  1.0TWSMX Strategic Allocation:PairCorr
  0.99TWSIX Select Fund IPairCorr
  0.76TWUSX Short Term GovernmentPairCorr
  0.98TWVLX Value Fund InvestorPairCorr
  0.99TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.76TWUOX Short Term GovernmentPairCorr
  0.9TWWOX Intermediate Term TaxPairCorr
  0.98NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Balanced Mutual Fund performing well and Balanced Fund 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 Balanced Fund'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
AMDVX  0.70  0.00 (0.02) 0.13  0.76 
(0.74)
 1.96 
(1.39)
 4.36 
AMEIX  0.67  0.12  0.12  0.25  0.56 
(0.74)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.04  0.02  0.17  0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.26  0.00 (0.32) 0.17  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.21  0.19  0.59  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (0.88)(0.18) 0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.65  0.03 (0.01) 0.17  0.64 
(0.74)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.14  0.13  0.26  0.77 
(0.95)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.14  0.14  0.26  0.73 
(1.00)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.14  0.14  0.26  0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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