Target Retirement Correlations

Mutual Funds . USA . 
Fund . Target Retirement 2050
URFFX Fund  USD 16.06  0.07  0.44%   
The current 90-days correlation between Target Retirement 2050 and Income Fund Income is -0.07 (i.e., Good diversification). The correlation of Target 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.

Target Retirement Correlation With Market

Very poor diversification

The correlation between Target Retirement 2050 and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Retirement 2050 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 Target Retirement 2050. 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 price.

Moving together with Target Mutual Fund

  0.82UINCX Income Fund IncomePairCorr
  0.94UINQX Usaa Nasdaq 100PairCorr
  0.88SRVEX Victory Diversified StockPairCorr
  0.87UITBX Intermediate Term BondPairCorr
  0.8UITCX Usaa Intermediate TermPairCorr
  0.84UITIX Usaa Tax ExemptPairCorr
  0.81GUTEX Victory Tax ExemptPairCorr
  0.67SSGSX Victory Sycamore SmallPairCorr
  0.69SBFCX Victory Incore InvestmentPairCorr
  0.77MMECX Victory IntegrityPairCorr
  0.78MMEAX Victory IntegrityPairCorr
  0.78MMMMX Victory IntegrityPairCorr
  0.79MMMSX Victory IntegrityPairCorr
  0.98MNNAX Victory Munder MultiPairCorr
  0.8IPFIX Victory IncorePairCorr
  0.83RSEGX Victory Rs SmallPairCorr
  0.91RSDGX Victory Rs SelectPairCorr
  0.99RSGGX Victory Rs GlobalPairCorr
  0.79RSGFX Victory Rs SelectPairCorr
  0.84RSGRX Victory Rs GrowthPairCorr
  0.85RSIFX Victory Rs SciencePairCorr
  0.79RSIGX Victory Rs InternationalPairCorr
  0.63RSIYX Victory Rs InvestorsPairCorr
  0.77RSNRX Victory Global NaturalPairCorr
  0.77RSNYX Victory Global NaturalPairCorr
  0.91RSSYX Victory Rs SelectPairCorr
  0.87RSTYX Victory Tax ExemptPairCorr
  0.63RSVYX Victory Rs ValuePairCorr
  0.83RSYEX Victory Rs SmallPairCorr
  0.83UNYIX New York BondPairCorr
  0.88RSYYX Victory High YieldPairCorr
  0.82VSCVX Victory Integrity SmallPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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

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