Strategic Allocation Correlations

Mutual Funds . USA . 
Fund . Strategic Allocation Servative
AACRX Fund  USD 5.63  0.01  0.18%   
The current 90-days correlation between Strategic Allocation and Mid Cap Value is -0.1 (i.e., Good diversification). The correlation of Strategic 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.

Strategic Allocation Correlation With Market

Good diversification

The correlation between Strategic Allocation Servative and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Allocation Servative and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Strategic Allocation Servative. 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 metropolitan statistical area.

Moving together with Strategic Mutual Fund

  0.7AMEIX Equity GrowthPairCorr
  0.64AMGIX Income GrowthPairCorr
  0.7CDBCX Diversified BondPairCorr
  0.66TWACX Short Term GovernmentPairCorr
  0.7TWCCX Ultra Fund CPairCorr
  0.62TWCAX Select Fund APairCorr
  0.62TWCIX Select Fund InvestorPairCorr
  0.76TWAVX Short Term GovernmentPairCorr
  0.61TWGAX International GrowthPairCorr
  0.69TWGIX Growth Fund IPairCorr
  0.62TWGGX Global GrowthPairCorr
  0.65TWHIX Heritage Fund InvestorPairCorr
  0.89TWTCX Intermediate Term TaxPairCorr
  0.91TWTIX Intermediate Term TaxPairCorr
  0.61TWSCX Strategic Allocation:PairCorr
  0.62TWSAX Strategic Allocation:PairCorr
  0.98TWSMX Strategic Allocation:PairCorr
  0.61TWUIX Ultra Fund IPairCorr
  0.91TWWOX Intermediate Term TaxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic 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 Strategic 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.64  0.04 (0.01) 0.20  0.63 
(0.69)
 1.59 
(1.08)
 4.36 
AMEIX  0.59  0.28  0.22  7.62  0.00 
(0.70)
 1.66 
(0.76)
 5.23 
AMGIX  0.56  0.09  0.05  0.28  0.40 
(0.68)
 1.47 
(0.90)
 4.39 
CDBCX  0.26  0.01 (0.34) 3.69  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.50  0.21  0.19  0.79  0.00 
(0.61)
 1.52 
(0.88)
 4.10 
TWACX  0.09  0.00 (0.91) 0.15  0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.59  0.05 (0.02) 0.22  0.55 
(0.70)
 1.45 
(1.01)
 3.73 
TWCCX  0.74  0.33  0.27  2.86  0.10 
(0.88)
 2.29 
(0.98)
 6.00 
TWCAX  0.75  0.26  0.30  0.52  0.00 
(0.96)
 2.39 
(0.91)
 6.01 
TWCIX  0.75  0.26  0.30  0.52  0.00 
(0.94)
 2.40 
(0.91)
 6.01 

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