Target Retirement Correlations

Mutual Funds . USA . 
Fund . Target Retirement 2060
URSIX Fund  USD 15.31  0.07  0.46%   
The current 90-days correlation between Target Retirement 2060 and Transamerica Asset Allocation is -0.09 (i.e., Good 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 2060 and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Retirement 2060 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 2060. 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 Target Mutual Fund

  0.73UINCX Income Fund IncomePairCorr
  0.98UINQX Usaa Nasdaq 100PairCorr
  0.99SRVEX Victory Diversified StockPairCorr
  0.71UITBX Intermediate Term BondPairCorr
  0.73UITIX Usaa Tax ExemptPairCorr
  0.95SSGSX Victory Sycamore SmallPairCorr
  0.84SBFCX Victory Incore InvestmentPairCorr
  0.84SBFMX Victory PortfoliosPairCorr
  0.96MMECX Victory IntegrityPairCorr
  0.97MMEAX 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
  0.88RSDYX Victory Incore LowPairCorr
  0.74RSENX Victory Sophus EmergingPairCorr
  0.99RSEGX Victory Rs SmallPairCorr
  0.99RSDGX Victory Rs SelectPairCorr
  0.9RSFYX Victory Floating RatePairCorr
  0.98RSGGX Victory Rs GlobalPairCorr
  0.99RSGFX Victory Rs SelectPairCorr
  1.0RSGRX Victory Rs GrowthPairCorr
  0.89RSFCX Victory Floating RatePairCorr
  0.9RSFMX Victory Floating RatePairCorr
  0.9RSFLX Victory Floating RatePairCorr
  0.99RSIFX Victory Rs SciencePairCorr
  0.94RSINX Victory Rs InvestorsPairCorr
  0.95RSIGX Victory Rs InternationalPairCorr
  0.93RSIYX Victory Rs InvestorsPairCorr
  0.99RSMOX Victory Rs MidPairCorr
  0.93RSPFX Victory Rs PartnersPairCorr
  0.97RSNRX Victory Global NaturalPairCorr
  0.96RSNYX Victory Global NaturalPairCorr
  0.93RSPMX Victory Rs PartnersPairCorr
  0.9RSPYX Victory Rs PartnersPairCorr
  0.97RSSYX Victory Rs SelectPairCorr

Moving against Target Mutual Fund

  0.44IPFIX Victory IncorePairCorr
  0.35GUTEX Victory Tax ExemptPairCorr
  0.34RSTYX Victory Tax ExemptPairCorr

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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