Target Managed Correlations

Mutual Funds . USA . 
Fund . Target Managed Allocation
UTMAX Fund  USD 11.79  0.07  0.60%   
The current 90-days correlation between Target Managed Allocation and Qs Global Equity is 0.56 (i.e., Very weak diversification). The correlation of Target Managed 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 Managed Correlation With Market

Poor diversification

The correlation between Target Managed Allocation and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Managed 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 Target Managed 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 nation.

Moving together with Target Mutual Fund

  0.96UICGX Capital GrowthPairCorr
  0.95UIEMX Emerging MarketsPairCorr
  0.92UIHIX High Income FundPairCorr
  0.96UIIFX International FundPairCorr
  0.97UIGIX Growth IncomePairCorr
  0.61UIGSX Government SecuritiesPairCorr
  0.94UIISX Income StockPairCorr
  0.81UIPMX Precious Metals And Steady GrowthPairCorr
  0.78UISBX Short Term BondPairCorr
  0.93UISCX Small Cap StockPairCorr
  0.7UIVAX Value Fund ValuePairCorr
  0.96UIWGX World GrowthPairCorr
  0.62URGSX Government SecuritiesPairCorr
  0.92URHIX High Income FundPairCorr
  0.91URNQX Nasdaq 100 IndexPairCorr
  0.8URSBX Short Term BondPairCorr
  0.79URUSX Ultra Short TermPairCorr
  0.95USPRX Sp 500 IndexPairCorr
  0.8UUSIX Ultra Short TermPairCorr
  0.9UGOFX Global Managed VolatilityPairCorr
  0.9RSEFX Royce Special EquityPairCorr
  0.75RAMAX Short Term BondPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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