Balanced Fund Correlations

Mutual Funds . USA . 
Fund . Balanced Fund Balanced
WBALX Fund  USD 17.24  0.04  0.23%   
The current 90-days correlation between Balanced Fund Balanced and Federated Global Allocation is 0.54 (i.e., Very weak 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

Poor diversification

The correlation between Balanced Fund Balanced and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Balanced and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Balanced Fund Balanced. 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 bureau of economic analysis.

Moving together with Balanced Mutual Fund

  1.0WBAIX Weitz BalancedPairCorr
  0.73WVAIX Value Fund ValuePairCorr
  0.73WVALX Value Fund ValuePairCorr
  0.9WPOIX Partners Iii OpportunityPairCorr
  0.9WPOPX Partners Iii OpportunityPairCorr
  0.67WPVLX Partners ValuePairCorr
  0.67WPVIX Partners ValuePairCorr

Related Correlations Analysis


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.

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