Conservative Balanced Correlations

LUNAX Fund

USD 11.30 0.01 0.09%

The current 90-days correlation between Conservative Balanced and Morningstar Unconstrained Allocation is -0.09 (i.e., Good diversification). The correlation of Conservative Balanced 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.

Conservative Balanced Correlation With Market

Almost no diversification

The correlation between Conservative Balanced Allocati and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conservative Balanced Allocati and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Conservative Balanced Allocation. 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 Conservative Mutual Fund

0.98	SABAX	Salient Alternative Beta	Pair Corr
0.9	SABIX	Aggressive Balanced	Pair Corr
0.98	SABCX	Salient Alternative Beta	Pair Corr
0.91	SAMAX	Moderately Aggressive	Pair Corr
0.99	SAMCX	Salient Mlp Fund	Pair Corr
0.87	SSCCX	Small Capitalization	Pair Corr
0.96	SSCPX	Small Capitalization	Pair Corr
0.96	SSCYX	Small Capitalization	Pair Corr
0.91	SBMCX	Moderate Balanced	Pair Corr
0.73	VWINX	Vanguard Wellesley Income	Pair Corr
0.73	VWIAX	Vanguard Wellesley Income	Pair Corr
0.96	BKMIX	Blackrock Multi Asset	Pair Corr
0.74	HBLTX	Hartford Balanced	Pair Corr
0.72	HBLRX	Hartford Balanced	Pair Corr
0.72	HBLSX	Hartford Balanced	Pair Corr
0.74	HBLVX	Hartford Balanced	Pair Corr
0.74	HBLYX	Hartford Balanced	Pair Corr
0.71	HBLCX	Hartford Balanced	Pair Corr
0.74	HBLIX	Hartford Balanced	Pair Corr
0.7	BRUFX	Bruce Fund Bruce	Pair Corr
0.95	SPGSX	State Street Premier	Pair Corr
0.87	KF	Korea Closed	Pair Corr
0.85	FVOKX	Oklahoma College Savings	Pair Corr
0.65	VGRLX	Vanguard Global Ex	Pair Corr
0.9	GAB	Gabelli Equity Trust	Pair Corr
0.88	AXP	American Express	Pair Corr
0.62	WMT	Walmart	Pair Corr

Related Correlations Analysis

	MSTSX	VIASP	KNG	63938CAM0	HOVLX	RWAYL	68389XBM6	EGPLF	SEGI	501044DF5
MSTSX		0.56	0.8	-0.29	0.9	0.8	0.3	0.05	-0.05	-0.72	MSTSX
VIASP	0.56		0.19	-0.55	0.22	0.83	0.52	-0.09	-0.28	-0.64	VIASP
KNG	0.8	0.19		-0.13	0.92	0.46	-0.01	0.13	0.29	-0.42	KNG
63938CAM0	-0.29	-0.55	-0.13		-0.15	-0.5	-0.15	0.21	-0.08	0.21	63938CAM0
HOVLX	0.9	0.22	0.92	-0.15		0.55	0.09	0.12	0.14	-0.53	HOVLX
RWAYL	0.8	0.83	0.46	-0.5	0.55		0.42	-0.06	-0.17	-0.77	RWAYL
68389XBM6	0.3	0.52	-0.01	-0.15	0.09	0.42		-0.13	-0.38	-0.3	68389XBM6
EGPLF	0.05	-0.09	0.13	0.21	0.12	-0.06	-0.13		0.02	0.09	EGPLF
SEGI	-0.05	-0.28	0.29	-0.08	0.14	-0.17	-0.38	0.02		0.16	SEGI
501044DF5	-0.72	-0.64	-0.42	0.21	-0.53	-0.77	-0.3	0.09	0.16		501044DF5
	MSTSX	VIASP	KNG	63938CAM0	HOVLX	RWAYL	68389XBM6	EGPLF	SEGI	501044DF5

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HOVLX	+ 0.92	KNG
HOVLX	+ 0.9	MSTSX
RWAYL	+ 0.83	VIASP
KNG	+ 0.8	MSTSX
RWAYL	+ 0.8	MSTSX
VIASP	+ 0.56	MSTSX

High negative correlations

501044DF5	- 0.77	RWAYL
501044DF5	- 0.72	MSTSX
501044DF5	- 0.64	VIASP
63938CAM0	- 0.55	VIASP
501044DF5	- 0.53	HOVLX
RWAYL	- 0.5	63938CAM0

Risk-Adjusted Indicators

There is a big difference between Conservative Mutual Fund performing well and Conservative Balanced 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 Conservative Balanced'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
MSTSX	0.90	(0.01)	0.06	(0.02)	1.37	(0.97)	1.87	(1.54)	10.06
VIASP	0.65	0.13	0.26	1.18	0.66	(0.80)	1.81	(1.03)	4.84
KNG	0.94	(0.03)	0.00	0.21	0.00	0.00	1.53	(1.77)	6.79
63938CAM0	1.48	(0.20)	0.00	0.54	0.00	0.00	4.40	(2.51)	21.95
HOVLX	1.08	(0.07)	0.00	1.20	0.00	0.00	1.83	(2.00)	10.93
RWAYL	0.18	0.02	0.34	2.89	0.20	(0.21)	0.41	(0.41)	1.75
68389XBM6	0.22	(0.01)	0.25	0.20	0.32	(0.22)	0.50	(0.46)	2.30
EGPLF	6.83	0.44	0.04	0.87	8.23	(12.25)	23.38	(20.00)	62.50
SEGI	9.71	1.28	0.06	2.08	10.54	(20.08)	20.00	(25.00)	61.90
501044DF5	0.82	(0.06)	0.00	0.37	0.00	0.00	1.62	(2.73)	5.20

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC