Balanced Fund Correlations
The correlation of Balanced Fund 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 |
Related Correlations Analysis
| 0.97 | 0.8 | 1.0 | 0.72 | TWCIX | ||
| 0.97 | 0.71 | 0.98 | 0.72 | TWHIX | ||
| 0.8 | 0.71 | 0.77 | 0.75 | TWVLX | ||
| 1.0 | 0.98 | 0.77 | 0.73 | TWCGX | ||
| 0.72 | 0.72 | 0.75 | 0.73 | TWIEX | ||
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Risk-Adjusted Indicators
There is a big difference between Balanced Mutual Fund performing well and Balanced Fund 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 Fund'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWCIX | 1.53 | (0.14) | 0.00 | 0.91 | 0.00 | 2.52 | 16.00 | |||
| TWHIX | 1.75 | (0.11) | 0.00 | 0.98 | 0.00 | 3.06 | 14.85 | |||
| TWVLX | 0.90 | (0.04) | 0.00 | 1.04 | 0.00 | 1.58 | 8.85 | |||
| TWCGX | 1.54 | (0.13) | 0.00 | 0.79 | 0.00 | 2.50 | 15.75 | |||
| TWIEX | 1.07 | 0.08 | 0.09 | 2.06 | 1.77 | 2.15 | 9.42 |