Dynamic Allocation Correlations

Mutual Funds . USA . 
Fund . Dynamic Allocation Fund
VDAFX Fund  USD 11.48  0.02  0.17%   
The current 90-days correlation between Dynamic Allocation and Vy Jpmorgan Emerging is 0.71 (i.e., Poor diversification). The correlation of Dynamic 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.

Dynamic Allocation Correlation With Market

Poor diversification

The correlation between Dynamic Allocation Fund and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Allocation Fund 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 Dynamic 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 price.

Moving together with Dynamic Mutual Fund

  0.83VMIDX Mid Cap IndexPairCorr
  0.78VMSGX Mid Cap StrategicPairCorr
  0.77VAPPX Valic Company IPairCorr
  0.88VSRDX Valic Company IPairCorr
  0.99VSTIX Stock Index FundPairCorr
  0.75VSSVX Small Cap SpecialPairCorr
  0.78VBCVX Broad Cap ValuePairCorr
  0.95VCAAX Asset AllocationPairCorr
  0.81VCBCX Blue Chip GrowthPairCorr
  0.94VCGAX Growth IncomePairCorr
  0.74VCGEX Emerging EconomiesPairCorr
  0.74VCFVX Foreign ValuePairCorr
  0.81VCIEX International EquitiesPairCorr
  0.73VCIFX International GovernmentPairCorr
  0.79VCIGX Valic Company IPairCorr
  0.73VCINX International GrowthPairCorr
  0.89VCNIX Nasdaq 100 IndexPairCorr
  0.81VCSLX Small Cap IndexPairCorr
  0.78VCULX Growth Fund GrowthPairCorr
  0.79VVMCX Valic Company IPairCorr
  0.94VVSGX Valic Company IPairCorr
  0.77VVSCX Valic Company IPairCorr
  0.94VGCLX Valic Company IPairCorr
  0.87VGLSX Global StrategyPairCorr
  0.82VHYLX Valic Company IPairCorr
  0.86VIOPX Valic Company IPairCorr
  0.95VLAGX Valic Company IPairCorr
  0.99VLCGX Large Capital GrowthPairCorr
  0.95VLSMX Valic Company IPairCorr
  0.72BALCX American BalancedPairCorr
  0.88ABALX American BalancedPairCorr
  0.89BALFX American BalancedPairCorr
  0.7FBONX American Funds AmericanPairCorr
  0.71FBAFX American Funds AmericanPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic 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 Dynamic 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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