Moderate Balanced Correlations

Mutual Funds . USA . 
Fund . Moderate Balanced Allocation
SBMCX Fund  USD 12.42  0.06  0.48%   
The current 90-days correlation between Moderate Balanced and Aig Government Money is 0.34 (i.e., Weak diversification). The correlation of Moderate 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.

Moderate Balanced Correlation With Market

Good diversification

The correlation between Moderate Balanced Allocation and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moderate 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 Moderate 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 main economic indicators.

Moving together with Moderate Mutual Fund

  1.0SABAX Salient Alternative BetaPairCorr
  1.0SABIX Aggressive BalancedPairCorr
  0.98SABCX Salient Alternative BetaPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  0.98SAMCX Salient Mlp FundPairCorr
  1.0SAMIX Moderately AggressivePairCorr
  0.97SSCCX Small CapitalizationPairCorr
  0.97SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  0.98SBCCX Moderately ServativePairCorr
  0.88SBMBX Energy Basic MaterialsPairCorr
  1.0SBMIX Moderate BalancedPairCorr
  0.98STPCX Technology CommunicationsPairCorr
  0.99STPIX Technology CommunicationsPairCorr
  1.0SCAAX Conservative BalancedPairCorr
  0.98SUMCX Conservative BalancedPairCorr
  0.87SEPIX Energy Basic MaterialsPairCorr
  0.86SEPCX Energy Basic MaterialsPairCorr
  0.96SFPCX Financial ServicesPairCorr
  0.98SFPAX Financial ServicesPairCorr
  0.95SFPIX Financial ServicesPairCorr
  0.96SIEYX International EquityPairCorr
  0.95SIECX International EquityPairCorr
  0.95SIEPX International EquityPairCorr
  0.98SLCGX Large CapitalizationPairCorr
  0.98SLCVX Large Cap ValuePairCorr
  0.99SLGCX Large CapitalizationPairCorr
  0.99SLGYX Large CapitalizationPairCorr
  0.97SLVCX Large Cap ValuePairCorr
  0.99SLVYX Large Cap ValuePairCorr
  0.83SMBCX Municipal Bond PortfolioPairCorr
  0.84SMBAX Municipal Bond PortfolioPairCorr
  0.98SMACX Moderately ConservativePairCorr
  0.86SMBPX Municipal Bond PortfolioPairCorr
  1.0SMICX Moderately ConservativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Moderate Mutual Fund performing well and Moderate 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 Moderate 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.

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