Strategic Allocation: Correlations
| ACOAX Fund | USD 6.86 0.04 0.59% |
The current 90-days correlation between Strategic Allocation: and Dunham Real Estate is -0.04 (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
Significant diversification
The correlation between Strategic Allocation Moderate and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Allocation Moderate and DJI in the same portfolio, assuming nothing else is changed.
Strategic |
Moving together with Strategic Mutual Fund
| 0.97 | AMKIX | Emerging Markets | PairCorr |
| 0.98 | TWADX | Value Fund A | PairCorr |
| 0.93 | AMVYX | Mid Cap Value | PairCorr |
| 0.93 | AMVGX | Mid Cap Value | PairCorr |
| 0.93 | TWEAX | Equity Income | PairCorr |
| 0.99 | TWRCX | Growth Fund C | PairCorr |
| 0.83 | TWTIX | Intermediate Term Tax | PairCorr |
| 0.87 | TWWOX | Intermediate Term Tax | PairCorr |
Related Correlations Analysis
| 0.77 | 0.28 | 0.82 | 0.57 | 0.89 | DNREX | ||
| 0.77 | 0.32 | 0.84 | 0.57 | 0.53 | MRESX | ||
| 0.28 | 0.32 | 0.33 | 0.24 | 0.21 | GURPX | ||
| 0.82 | 0.84 | 0.33 | 0.53 | 0.66 | NRCFX | ||
| 0.57 | 0.57 | 0.24 | 0.53 | 0.48 | SEIRX | ||
| 0.89 | 0.53 | 0.21 | 0.66 | 0.48 | PNDIX | ||
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DNREX | 0.65 | 0.20 | (0.05) | (1.13) | 0.90 | 1.31 | 5.57 | |||
| MRESX | 0.57 | 0.04 | (0.15) | 0.40 | 0.75 | 1.31 | 4.38 | |||
| GURPX | 0.02 | (0.01) | 0.00 | 0.04 | 0.00 | 0.00 | 0.77 | |||
| NRCFX | 0.52 | 0.07 | (0.19) | 1.72 | 0.64 | 1.26 | 3.61 | |||
| SEIRX | 0.58 | (0.03) | (0.16) | 0.16 | 0.76 | 1.37 | 4.28 | |||
| PNDIX | 0.04 | 0.02 | 0.00 | 9.76 | 0.00 | 0.10 | 0.20 |