Dynamic Allocation Correlations

Mutual Funds . USA . 
Fund . Dynamic Allocation Fund
VDAFX Fund  USD 10.76  0.01  0.09%   
The current 90-days correlation between Dynamic Allocation and Icon Natural Resources is 0.01 (i.e., Significant diversification). The correlation of Dynamic Allocation 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.

Dynamic Allocation Correlation With Market

Almost no diversification

The correlation between Dynamic Allocation Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Allocation 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 Dynamic Allocation 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 Dynamic Mutual Fund

  0.98VMIDX Mid Cap IndexPairCorr
  0.99VMSGX Mid Cap StrategicPairCorr
  0.98VAPPX Valic Company IPairCorr
  0.98VSRDX Valic Company IPairCorr
  1.0VSTIX Stock Index FundPairCorr
  0.9VSSVX Small Cap SpecialPairCorr
  0.99VBCVX Broad Cap ValuePairCorr
  1.0VCAAX Asset AllocationPairCorr
  0.75VCBDX Valic Company IPairCorr
  0.99VCBCX Blue Chip GrowthPairCorr
  0.99VCGAX Growth IncomePairCorr
  0.98VCGEX Emerging EconomiesPairCorr
  0.97VCFVX Foreign ValuePairCorr
  0.95VCIEX International EquitiesPairCorr
  0.71VCIFX International GovernmentPairCorr
  0.98VCIGX Valic Company IPairCorr
  0.95VCINX International GrowthPairCorr
  0.99VCNIX Nasdaq 100 IndexPairCorr
  0.99VCSTX Science TechnologyPairCorr
  0.78VCTPX Inflation ProtectedPairCorr
  0.96VCSOX Global Social AwarenessPairCorr
  0.99VCSLX Small Cap IndexPairCorr
  0.99VCULX Growth Fund GrowthPairCorr
  0.98VVMCX Valic Company IPairCorr
  0.99VVSGX Valic Company IPairCorr
  0.95VVSCX Valic Company IPairCorr
  0.98VGCLX Valic Company IPairCorr
  0.99VGLSX Global StrategyPairCorr
  0.87VGREX Global Real EstatePairCorr
  0.98VHYLX Valic Company IPairCorr
  0.97VIOPX Valic Company IPairCorr
  0.98VLAGX Valic Company IPairCorr
  0.99VLCGX Large Capital GrowthPairCorr
  1.0VLSMX Valic Company IPairCorr
  0.99FBONX American Funds AmericanPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.98ABALX American BalancedPairCorr
  0.98BALCX American BalancedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic Allocation 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 Dynamic Allocation'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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