Balanced Strategy Correlations

RBLCX Fund

USD 10.19 0.01 0.1%

The current 90-days correlation between Balanced Strategy and Artisan Select Equity is 0.96 (i.e., Almost no diversification). The correlation of Balanced Strategy 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 Strategy Correlation With Market

Good diversification

The correlation between Balanced Strategy Fund and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balanced Strategy Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Balanced Strategy Fund. 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 main economic indicators.

Moving together with Balanced Mutual Fund

0.8	RREAX	Global Real Estate	Pair Corr
0.8	RREYX	Global Real Estate	Pair Corr
0.8	RRESX	Global Real Estate	Pair Corr
0.89	RRSCX	Global Real Estate	Pair Corr
0.85	RRSRX	Global Real Estate	Pair Corr
0.91	RALAX	Growth Strategy	Pair Corr
1.0	RALCX	Growth Strategy	Pair Corr
0.91	RALSX	Growth Strategy	Pair Corr
1.0	RALRX	Growth Strategy	Pair Corr
1.0	RALVX	Growth Strategy	Pair Corr
0.87	RSCRX	Us Small Cap	Pair Corr
0.88	RSECX	Us Strategic Equity	Pair Corr
0.88	RSEAX	Us Strategic Equity	Pair Corr
0.88	RSESX	Us Strategic Equity	Pair Corr
0.87	RAZAX	Multi Asset Growth	Pair Corr
0.87	RAZCX	Multi Asset Growth	Pair Corr
0.96	RSQAX	Us E Equity	Pair Corr
0.82	RBCUX	Tax Exempt Bond	Pair Corr
0.92	RBLAX	Balanced Strategy	Pair Corr
0.92	RBLSX	Balanced Strategy	Pair Corr
0.92	RBLVX	Balanced Strategy	Pair Corr
0.92	RBLRX	Balanced Strategy	Pair Corr
0.96	RTDAX	Multifactor Equity	Pair Corr
0.88	RTDCX	Multifactor Equity	Pair Corr
0.88	RTDYX	Select Equity	Pair Corr
0.96	RTDSX	Select Equity	Pair Corr
0.96	RTDRX	Select Equity	Pair Corr
0.88	RTDTX	Select Equity	Pair Corr
0.82	RTEAX	Tax Exempt Bond	Pair Corr
0.82	RTECX	Tax Exempt Bond	Pair Corr
0.67	RTHAX	Tax Exempt High	Pair Corr
0.82	RTHCX	Tax Exempt High	Pair Corr

Moving against Balanced Mutual Fund

0.49	RSBYX	Short Duration Bond	Pair Corr
0.49	RSDTX	Short Duration Bond	Pair Corr
0.48	RSBTX	Short Duration Bond	Pair Corr
0.43	RSBCX	Short Duration Bond	Pair Corr

Related Correlations Analysis

	ARTNX	OWFIX	PMIEX	PWITX	GMADX	SPRDX	DHGCX
ARTNX		-0.37	0.68	0.29	0.82	0.66	-0.09	ARTNX
OWFIX	-0.37		-0.05	0.37	-0.29	-0.09	0.6	OWFIX
PMIEX	0.68	-0.05		0.85	0.94	0.83	0.04	PMIEX
PWITX	0.29	0.37	0.85		0.65	0.63	0.17	PWITX
GMADX	0.82	-0.29	0.94	0.65		0.83	-0.03	GMADX
SPRDX	0.66	-0.09	0.83	0.63	0.83		0.12	SPRDX
DHGCX	-0.09	0.6	0.04	0.17	-0.03	0.12		DHGCX
	ARTNX	OWFIX	PMIEX	PWITX	GMADX	SPRDX	DHGCX

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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

GMADX	+ 0.94	PMIEX
PWITX	+ 0.85	PMIEX
SPRDX	+ 0.83	PMIEX
SPRDX	+ 0.83	GMADX
GMADX	+ 0.82	ARTNX
PMIEX	+ 0.68	ARTNX

High negative correlations

OWFIX	- 0.37	ARTNX
GMADX	- 0.29	OWFIX
SPRDX	- 0.09	OWFIX
DHGCX	- 0.09	ARTNX
PMIEX	- 0.05	OWFIX
DHGCX	- 0.03	GMADX

Risk-Adjusted Indicators

There is a big difference between Balanced Mutual Fund performing well and Balanced Strategy 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 Strategy'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
ARTNX	0.92	(0.01)	0.08	0.15	1.43	(0.98)	1.99	(1.96)	9.41
OWFIX	0.22	0.01	0.44	(0.37)	0.22	(0.24)	0.40	(0.40)	1.37
PMIEX	0.89	0.15	0.12	0.09	1.41	(0.86)	2.02	(2.33)	8.62
PWITX	0.83	0.21	0.17	0.22	1.35	(0.84)	1.72	(1.52)	8.64
GMADX	0.88	0.12	0.09	0.02	1.44	(0.88)	1.78	(1.93)	8.63
SPRDX	1.06	0.04	0.06	(1.16)	2.79	(1.02)	1.72	(1.40)	17.53
DHGCX	0.22	0.00	0.35	0.04	0.31	(0.21)	0.47	(0.46)	1.39

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