Aggressive Allocation Correlations

Mutual Funds . USA . 
Fund . Aggressive Allocation Fund
GGBZX Fund  USD 14.20  0.02  0.14%   
The current 90-days correlation between Aggressive Allocation and Touchstone Premium Yield is 0.78 (i.e., Poor diversification). The correlation of Aggressive Allocation 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 Allocation Correlation With Market

Poor diversification

The correlation between Aggressive Allocation Fund and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Allocation Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aggressive Allocation Fund. 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 nation.

Moving together with Aggressive Mutual Fund

  0.88GCOZX Growth AllocationPairCorr
  0.91GDMYX Defensive Market StrPairCorr
  0.9GDMZX Defensive Market StrPairCorr
  0.84GVEYX Value Equity InstituPairCorr
  0.84GVEZX Value Equity InvestorPairCorr
  0.99GVIYX Guidestone Value EquityPairCorr
  0.99GVIZX Guidestone Value EquityPairCorr
  1.0GEIYX Guidestone Growth EquityPairCorr
  1.0GEIZX Guidestone Growth EquityPairCorr
  0.87GEMYX Emerging Markets EquityPairCorr
  0.88GEMZX Emerging Markets EquityPairCorr
  0.88GEQYX Equity Index InstituPairCorr
  0.88GEQZX Equity Index InvestorPairCorr
  0.87GFIZX Conservative AllocationPairCorr
  0.7GGBEX Global Bond FundPairCorr
  0.68GGBFX Global Bond FundPairCorr
  0.88GGEYX Guidestone Fds GrowthPairCorr
  0.88GGEZX Growth Equity InvestorPairCorr
  0.99GGIZX Balanced AllocationPairCorr
  0.84GIEYX International EquityPairCorr
  0.85GIEZX International EquityPairCorr
  0.97GIIZX Guidestone Funds IntPairCorr
  0.78GLDYX Low Duration BondPairCorr
  0.75GLDZX Low Duration BondPairCorr
  0.63GMDYX Medium Duration BondPairCorr
  0.62GMDZX Medium Duration BondPairCorr
  0.88GMFZX Mydestination 2045PairCorr
  0.87GMEYX Guidestone Funds ImpactPairCorr
  0.87GMEZX Guidestone Funds ImpactPairCorr
  0.88GMHYX Mydestination 2035PairCorr
  1.0GMHZX Mydestination 2035PairCorr
  1.0GMGYX Mydestination 2055PairCorr
  0.88GMGZX Mydestination 2055PairCorr
  0.87GMTYX Mydestination 2015PairCorr

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 Allocation 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 Allocation'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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