Target Retirement Correlations

Mutual Funds . USA . 
Fund . Target Retirement 2050
URFFX Fund  USD 14.96  0.02  0.13%   
The current 90-days correlation between Target Retirement 2050 and Absolute Convertible Arbitrage is 0.13 (i.e., Average diversification). The correlation of Target 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.

Target Retirement Correlation With Market

Very poor diversification

The correlation between Target Retirement 2050 and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Retirement 2050 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 Retirement 2050. 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

  0.99UINQX Usaa Nasdaq 100PairCorr
  0.98SRVEX Victory Diversified StockPairCorr
  0.73UITBX Intermediate Term BondPairCorr
  0.72UITCX Usaa Intermediate TermPairCorr
  0.8UITIX Usaa Tax ExemptPairCorr
  0.94SSGSX Victory Sycamore SmallPairCorr
  0.85SBFCX Victory Incore InvestmentPairCorr
  0.88SBFMX Victory PortfoliosPairCorr
  0.96MMECX Victory IntegrityPairCorr
  0.96MMEAX Victory IntegrityPairCorr
  0.94RPPRX Victory Rs PartnersPairCorr
  0.96MMIJX Victory Integrity MidPairCorr
  0.97MMMMX Victory IntegrityPairCorr
  0.97MMMSX Victory IntegrityPairCorr
  0.98MNNAX Victory Munder MultiPairCorr
  0.89RSDYX Victory Incore LowPairCorr
  0.76RSENX Victory Sophus EmergingPairCorr
  0.98RSEGX Victory Rs SmallPairCorr
  0.98RSDGX Victory Rs SelectPairCorr
  0.92RSFYX Victory Floating RatePairCorr
  1.0RSGGX Victory Rs GlobalPairCorr
  0.98RSGFX Victory Rs SelectPairCorr
  0.98RSGRX Victory Rs GrowthPairCorr
  0.91RSFCX Victory Floating RatePairCorr
  0.91RSFMX Victory Floating RatePairCorr
  0.91RSFLX Victory Floating RatePairCorr
  0.98RSIFX Victory Rs SciencePairCorr
  0.93RSINX Victory Rs InvestorsPairCorr
  0.97RSIGX Victory Rs InternationalPairCorr
  0.95RSIYX Victory Rs InvestorsPairCorr
  0.98RSMOX Victory Rs MidPairCorr
  0.92RSPFX Victory Rs PartnersPairCorr
  0.97RSNRX Victory Global NaturalPairCorr
  0.97RSNYX Victory Global NaturalPairCorr
  0.94RSPMX Victory Rs PartnersPairCorr
  0.94RSPYX Victory Rs PartnersPairCorr

Moving against Target Mutual Fund

  0.41IPFIX Victory IncorePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Target Mutual Fund performing well and Target 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 Target 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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