Balanced Fund Correlations

BLNAX Fund

USD 14.41 0.03 0.21%

The current 90-days correlation between Balanced Fund Adviser and Spectrum Fund Adviser is -0.02 (i.e., Good 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

Very poor diversification

The correlation between Balanced Fund Adviser and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Fund Adviser 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 Balanced Fund Adviser. 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 nation.

Moving together with Balanced Mutual Fund

0.88	SRUAX	Spectrum Fund Adviser	Pair Corr
0.98	SRUIX	Spectrum Fund Instit	Pair Corr
0.88	QNTAX	Quantex Fund Adviser	Pair Corr
0.62	IFAAX	Infrastructure Fund	Pair Corr
0.61	IFAIX	Infrastructure Fund	Pair Corr
1.0	BLNIX	Balanced Fund Instit	Pair Corr
0.71	FLBDX	Total Return Bond	Pair Corr
0.96	FLCGX	Quantex Fund Retail	Pair Corr
0.95	FLDOX	Dividend Opportunities	Pair Corr
0.98	FLDGX	Dynamic Growth	Pair Corr
0.87	FLDFX	Balanced Fund Retail	Pair Corr
0.81	FLFGX	Global Opportunities	Pair Corr
0.98	FLMIX	Muirfield Fund Insti	Pair Corr
0.86	FLMFX	Muirfield Fund Retail	Pair Corr
0.97	FLMAX	Muirfield Fund Adviser	Pair Corr
0.98	FLSPX	Spectrum Fund Retail	Pair Corr
0.95	DVOIX	Dividend Opportunities	Pair Corr
0.83	DVOAX	Dividend Opportunities	Pair Corr
0.68	BNDAX	Total Return Bond	Pair Corr
0.73	BNDIX	Total Return Bond	Pair Corr
0.73	GBPAX	Global Opportunities	Pair Corr
0.73	GBPIX	Global Opportunities	Pair Corr
0.98	DYGIX	Dynamic Growth	Pair Corr
0.98	DYGAX	Dynamic Growth	Pair Corr
0.72	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	LSHAX	Horizon Spin Off	Pair Corr
0.69	OSPPX	Oppenheimer Steelpath Mlp Steady Growth	Pair Corr
0.68	SPMPX	Invesco Steelpath Mlp Steady Growth	Pair Corr

Related Correlations Analysis

	SRUAX	SRUIX	QNTAX	QNTIX	BLNAX	FLBDX	FLCGX	FLDOX	FLDGX
SRUAX		0.9	0.98	0.83	0.88	0.66	0.89	0.77	0.87	SRUAX
SRUIX	0.9		0.9	0.93	0.98	0.69	0.98	0.89	0.98	SRUIX
QNTAX	0.98	0.9		0.85	0.88	0.75	0.92	0.78	0.87	QNTAX
QNTIX	0.83	0.93	0.85		0.91	0.64	0.95	0.83	0.92	QNTIX
BLNAX	0.88	0.98	0.88	0.91		0.71	0.96	0.95	0.98	BLNAX
FLBDX	0.66	0.69	0.75	0.64	0.71		0.78	0.76	0.66	FLBDX
FLCGX	0.89	0.98	0.92	0.95	0.96	0.78		0.88	0.95	FLCGX
FLDOX	0.77	0.89	0.78	0.83	0.95	0.76	0.88		0.91	FLDOX
FLDGX	0.87	0.98	0.87	0.92	0.98	0.66	0.95	0.91		FLDGX
	SRUAX	SRUIX	QNTAX	QNTIX	BLNAX	FLBDX	FLCGX	FLDOX	FLDGX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRUAX	0.61	0.05	(0.04)	(1.45)	0.67	(0.71)	1.30	(1.13)	3.89
SRUIX	0.59	(0.04)	(0.06)	0.04	0.67	(0.70)	1.29	(1.12)	3.88
QNTAX	0.59	0.06	(0.02)	(1.04)	0.70	(0.65)	1.23	(1.03)	3.51
QNTIX	0.58	(0.01)	(0.04)	0.06	0.70	(0.65)	1.20	(1.05)	3.51
BLNAX	0.43	(0.03)	(0.10)	0.03	0.52	(0.45)	0.91	(0.70)	2.81
FLBDX	0.07	0.01	(0.55)	0.22	0.00	(0.14)	0.21	(0.11)	0.53
FLCGX	0.57	(0.01)	(0.04)	0.06	0.68	(0.64)	1.21	(1.00)	3.51
FLDOX	0.33	(0.03)	(0.15)	0.02	0.38	(0.37)	0.63	(0.62)	2.02
FLDGX	0.56	(0.04)	(0.07)	0.03	0.71	(0.61)	1.17	(1.15)	3.70

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Balanced Fund Correlations

Balanced Fund Correlation With Market

Very poor diversification

Moving together with Balanced Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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