1290 Retirement Correlations

TNOIX Fund

USD 4.63 0.00 0.00%

The correlation of 1290 Retirement 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.

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Moving together with 1290 Mutual Fund

1.0	TNIIX	1290 Retirement 2020	Pair Corr
1.0	TNKIX	1290 Retirement 2030	Pair Corr
1.0	TNJIX	1290 Retirement 2025	Pair Corr
1.0	TNLIX	1290 Retirement 2035	Pair Corr
1.0	TNWIX	1290 Retirement 2050	Pair Corr

Moving against 1290 Mutual Fund

1.0	TNNIX	1290 Retirement 2040	Pair Corr
1.0	TNQIX	1290 Retirement 2055	Pair Corr

Related Correlations Analysis

	ESCKX	ESCJX	ESCFX	TNBIX	TNBRX	TNBAX	TNIIX	TNHAX	TNHIX	TNHRX
ESCKX		0.98	0.98	0.92	0.92	0.92	0.0	0.95	0.94	0.95	ESCKX
ESCJX	0.98		1.0	0.93	0.93	0.93	0.0	0.96	0.93	0.96	ESCJX
ESCFX	0.98	1.0		0.93	0.93	0.93	0.0	0.96	0.93	0.96	ESCFX
TNBIX	0.92	0.93	0.93		1.0	1.0	0.0	0.94	0.91	0.94	TNBIX
TNBRX	0.92	0.93	0.93	1.0		1.0	0.0	0.94	0.91	0.94	TNBRX
TNBAX	0.92	0.93	0.93	1.0	1.0		0.0	0.94	0.91	0.94	TNBAX
TNIIX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TNIIX
TNHAX	0.95	0.96	0.96	0.94	0.94	0.94	0.0		0.96	1.0	TNHAX
TNHIX	0.94	0.93	0.93	0.91	0.91	0.91	0.0	0.96		0.96	TNHIX
TNHRX	0.95	0.96	0.96	0.94	0.94	0.94	0.0	1.0	0.96		TNHRX
	ESCKX	ESCJX	ESCFX	TNBIX	TNBRX	TNBAX	TNIIX	TNHAX	TNHIX	TNHRX

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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

ESCFX	+ 1.0	ESCJX
TNBRX	+ 1.0	TNBIX
TNBAX	+ 1.0	TNBIX
TNBAX	+ 1.0	TNBRX
TNHRX	+ 1.0	TNHAX
ESCJX	+ 0.98	ESCKX

High negative correlations

TNHRX	- 0.0	TNIIX
TNHIX	- 0.0	TNIIX
TNHAX	- 0.0	TNIIX
TNIIX	- 0.0	TNBAX
TNIIX	- 0.0	TNBRX
TNIIX	- 0.0	TNBIX

Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 Retirement 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 1290 Retirement'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
ESCKX	0.88	0.27	0.20	(1.79)	0.54	(1.09)	2.71	(1.26)	4.84
ESCJX	0.88	0.25	0.21	3.28	0.53	(1.09)	2.74	(1.25)	4.84
ESCFX	0.88	0.25	0.20	3.60	0.55	(1.09)	2.76	(1.25)	4.87
TNBIX	0.34	0.06	(0.01)	1.03	0.24	(0.41)	0.80	(0.60)	2.13
TNBRX	0.34	0.06	(0.02)	0.94	0.23	(0.39)	0.75	(0.60)	2.14
TNBAX	0.35	0.06	(0.02)	0.92	0.23	(0.40)	0.75	(0.60)	2.14
TNIIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TNHAX	0.10	0.02	(0.27)	2.55	0.00	(0.15)	0.23	(0.23)	0.70
TNHIX	0.11	0.00	(0.26)	0.11	0.00	(0.16)	0.23	(0.23)	0.93
TNHRX	0.10	0.02	(0.32)	1.22	0.00	(0.15)	0.23	(0.23)	0.59

1290 Retirement Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 1290 Retirement mutual fund to make a market-neutral strategy. Peer analysis of 1290 Retirement could also be used in its relative valuation, which is a method of valuing 1290 Retirement by comparing valuation metrics with similar companies.

1290 Funds 1290 Essex Small 1290 Funds 1290 Smartbeta Equity 1290 Smartbeta Equity 1290 Smartbeta Equity 1290 Retirement 2020 1290 High Yield 1290 High Yield 1290 High Yield American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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