Aggressive Balanced Correlations

Mutual Funds . USA . 
Fund . Aggressive Balanced Allocation
SABIX Fund  USD 12.55  0.01  0.08%   
The current 90-days correlation between Aggressive Balanced and American Funds The is -0.22 (i.e., Very good diversification). The correlation of Aggressive 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.

Aggressive Balanced Correlation With Market

Good diversification

The correlation between Aggressive Balanced Allocation and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Balanced Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Aggressive 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 gross domestic product.

Moving together with Aggressive Mutual Fund

  1.0SABAX Salient Alternative BetaPairCorr
  0.99SABCX Salient Alternative BetaPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  1.0SAMCX Salient Mlp FundPairCorr
  1.0SAMIX Moderately AggressivePairCorr
  0.98SSCCX Small CapitalizationPairCorr
  0.97SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  0.89SBMBX Energy Basic MaterialsPairCorr
  1.0SBMCX Moderate BalancedPairCorr
  1.0SBMIX Moderate BalancedPairCorr
  0.99STPAX Technology CommunicationsPairCorr
  0.98STPCX Technology CommunicationsPairCorr
  0.99STPIX Technology CommunicationsPairCorr
  1.0SCAAX Conservative BalancedPairCorr
  1.0SUMCX Conservative BalancedPairCorr
  0.87SEPIX Energy Basic MaterialsPairCorr
  0.87SEPCX Energy Basic MaterialsPairCorr
  0.96SFPCX Financial ServicesPairCorr
  0.98SFPAX Financial ServicesPairCorr
  0.98SFPIX Financial ServicesPairCorr
  0.96SIEYX International EquityPairCorr
  0.95SIECX International EquityPairCorr
  0.95SIEPX International EquityPairCorr
  0.98SLCGX Large CapitalizationPairCorr
  0.98SLCVX Large Cap ValuePairCorr
  1.0SLGCX Large CapitalizationPairCorr
  1.0SLGYX Large CapitalizationPairCorr
  0.97SLVCX Large Cap ValuePairCorr
  0.99SLVYX Large Cap ValuePairCorr
  0.84SMBCX Municipal Bond PortfolioPairCorr
  0.86SMBAX Municipal Bond PortfolioPairCorr
  1.0SMACX Moderately ServativePairCorr
  0.88SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Aggressive Mutual Fund performing well and Aggressive 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 Aggressive 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FFIFX  0.31  0.05 (0.13) 0.33  0.00 
(0.36)
 0.92 
(0.57)
 2.20 
FAIFX  0.31  0.15 (0.14)(1.67) 0.00 
(0.37)
 0.88 
(0.53)
 2.24 
IFACX  0.31  0.05 (0.14) 0.32  0.00 
(0.36)
 0.93 
(0.58)
 2.19 
IFAFX  0.31  0.15 (0.14)(1.68) 0.00 
(0.36)
 0.92 
(0.57)
 2.17 
AMECX  0.31  0.14 (0.15)(1.52) 0.00 
(0.34)
 0.91 
(0.56)
 2.22 
RIDBX  0.31  0.05 (0.14) 0.32  0.00 
(0.36)
 0.89 
(0.58)
 2.19 
CIMEX  0.31  0.05 (0.13) 0.32  0.00 
(0.36)
 0.92 
(0.56)
 2.17 
RIDFX  0.31  0.05 (0.13) 0.34  0.00 
(0.34)
 0.92 
(0.56)
 2.12 
CIMCX  0.31  0.05 (0.14) 0.32  0.00 
(0.35)
 0.92 
(0.56)
 2.21 
CIMFX  0.31  0.05 (0.13) 0.33  0.00 
(0.34)
 0.92 
(0.56)
 2.25 

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