Target Retirement Correlations

Mutual Funds . USA . 
Fund . Target Retirement Income
URINX Fund  USD 11.25  0.03  0.27%   
The current 90-days correlation between Target Retirement Income and The Hartford Inflation is 0.44 (i.e., Very weak 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

Good diversification

The correlation between Target Retirement Income and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Retirement Income 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 Income. 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 board of governors.

Moving together with Target Mutual Fund

  0.64UINCX Income Fund IncomePairCorr
  0.97UINQX Usaa Nasdaq 100PairCorr
  0.99SRVEX Victory Diversified StockPairCorr
  0.8UITBX Intermediate Term BondPairCorr
  0.79UITCX Usaa Intermediate TermPairCorr
  0.82UITIX Usaa Tax ExemptPairCorr
  0.95SSGSX Victory Sycamore SmallPairCorr
  0.86SBFCX Victory Incore InvestmentPairCorr
  0.87SBFMX Victory PortfoliosPairCorr
  0.96MMECX Victory IntegrityPairCorr
  0.96MMEAX Victory IntegrityPairCorr
  0.9RPPRX Victory Rs PartnersPairCorr
  0.97MMIJX Victory Integrity MidPairCorr
  0.95MMMMX Victory IntegrityPairCorr
  0.94MMMSX Victory IntegrityPairCorr
  0.99MNNAX Victory Munder MultiPairCorr
  0.93RSDYX Victory Incore LowPairCorr
  0.75RSENX Victory Sophus EmergingPairCorr
  0.98RSEGX Victory Rs SmallPairCorr
  0.98RSDGX Victory Rs SelectPairCorr
  0.93RSFYX Victory Floating RatePairCorr
  0.98RSGGX Victory Rs GlobalPairCorr
  0.98RSGFX Victory Rs SelectPairCorr
  0.98RSGRX Victory Rs GrowthPairCorr
  0.92RSFCX Victory Floating RatePairCorr
  0.93RSFMX Victory Floating RatePairCorr
  0.93RSFLX Victory Floating RatePairCorr
  0.99RSIFX Victory Rs SciencePairCorr
  0.95RSINX Victory Rs InvestorsPairCorr
  0.95RSIGX Victory Rs InternationalPairCorr
  0.92RSIYX Victory Rs InvestorsPairCorr
  0.97RSMOX Victory Rs MidPairCorr
  0.92RSPFX Victory Rs PartnersPairCorr
  0.97RSNRX Victory Global NaturalPairCorr
  0.97RSNYX Victory Global NaturalPairCorr
  0.9RSPMX Victory Rs PartnersPairCorr
  0.9RSPYX Victory Rs PartnersPairCorr

Moving against Target Mutual Fund

  0.34IPFIX 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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