1290 Retirement Correlations

TNOIX Fund

USD 14.16 0.32 2.21%

The current 90-days correlation between 1290 Retirement 2045 and Short Real Estate is -0.22 (i.e., Very good diversification). The correlation of 1290 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.

1290 Retirement Correlation With Market

Poor diversification

The correlation between 1290 Retirement 2045 and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1290 Retirement 2045 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 1290 Retirement 2045. 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 gross domestic product.

Moving together with 1290 Mutual Fund

0.78	ESCKX	1290 Funds	Pair Corr
0.77	ESCJX	1290 Essex Small	Pair Corr
0.8	ESCFX	1290 Funds	Pair Corr
0.96	TNBIX	1290 Smartbeta Equity	Pair Corr
0.97	TNBRX	1290 Smartbeta Equity	Pair Corr
0.97	TNBAX	1290 Smartbeta Equity	Pair Corr
0.64	TNIIX	1290 Retirement 2020	Pair Corr
0.83	TNHAX	1290 High Yield	Pair Corr
0.75	TNHIX	1290 High Yield	Pair Corr
0.82	TNHRX	1290 High Yield	Pair Corr
0.94	TNKIX	1290 Retirement 2030	Pair Corr
0.78	TNJIX	1290 Retirement 2025	Pair Corr
0.85	TNMAX	1290 Multi Alternative	Pair Corr
0.86	TNMIX	1290 Multi Alternative	Pair Corr
0.85	TNMRX	1290 Multi Alternative	Pair Corr
0.98	TNLIX	1290 Retirement 2035	Pair Corr
0.83	TNNIX	1290 Retirement 2040	Pair Corr
0.99	TNQIX	1290 Retirement 2055	Pair Corr
0.7	TNRAX	1290 Funds	Pair Corr
0.62	TNVDX	1290 Doubleline Dynamic	Pair Corr
0.89	TNVAX	1290 Gamco Smallmid	Pair Corr
0.89	TNVIX	1290 Gamco Smallmid	Pair Corr
0.75	TNXIX	1290 Retirement 2060	Pair Corr
0.89	TNVRX	1290 Gamco Smallmid	Pair Corr
1.0	TNWIX	1290 Retirement 2050	Pair Corr
0.88	VTIVX	Vanguard Target Reti	Pair Corr
0.85	AAHTX	American Funds 2045	Pair Corr
0.85	CCHTX	American Funds 2045	Pair Corr
0.85	FATTX	American Funds 2045	Pair Corr
0.75	FFFGX	Fidelity Freedom 2045	Pair Corr
0.86	FJTKX	Fidelity Freedom 2045	Pair Corr

Moving against 1290 Mutual Fund

0.38	TNURX	1290 Unconstrained Bond	Pair Corr
0.49	GAAVX	Gmo Alternative Allo	Pair Corr
0.38	TNUAX	1290 Unconstrained Bond	Pair Corr
0.37	TNUIX	1290 Unconstrained Bond	Pair Corr

Related Correlations Analysis

	SRPIX	CNREX	FIKMX	JYEBX	NRSCX	GMJPX	FORFX	FREEX
SRPIX		-0.75	-0.69	-0.33	-0.56	-0.68	0.57	-0.98	SRPIX
CNREX	-0.75		0.69	0.37	0.58	0.56	-0.3	0.76	CNREX
FIKMX	-0.69	0.69		0.39	0.71	0.72	-0.58	0.68	FIKMX
JYEBX	-0.33	0.37	0.39		-0.19	0.85	0.39	0.45	JYEBX
NRSCX	-0.56	0.58	0.71	-0.19		0.25	-0.78	0.48	NRSCX
GMJPX	-0.68	0.56	0.72	0.85	0.25		-0.13	0.73	GMJPX
FORFX	0.57	-0.3	-0.58	0.39	-0.78	-0.13		-0.43	FORFX
FREEX	-0.98	0.76	0.68	0.45	0.48	0.73	-0.43		FREEX
	SRPIX	CNREX	FIKMX	JYEBX	NRSCX	GMJPX	FORFX	FREEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GMJPX	+ 0.85	JYEBX
FREEX	+ 0.76	CNREX
FREEX	+ 0.73	GMJPX
GMJPX	+ 0.72	FIKMX
NRSCX	+ 0.71	FIKMX
FIKMX	+ 0.69	CNREX

High negative correlations

FREEX	- 0.98	SRPIX
FORFX	- 0.78	NRSCX
CNREX	- 0.75	SRPIX
FIKMX	- 0.69	SRPIX
GMJPX	- 0.68	SRPIX
FORFX	- 0.58	FIKMX

Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 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 1290 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRPIX	0.72	0.08	(0.02)	(1.28)	0.71	(0.83)	1.65	(1.25)	4.28
CNREX	0.60	(0.03)	(0.11)	(0.02)	0.85	(0.57)	1.17	(1.53)	3.47
FIKMX	0.20	(0.03)	0.00	(0.19)	0.00	0.00	0.49	(0.41)	1.22
JYEBX	0.65	(0.01)	(0.09)	0.04	0.87	(0.63)	1.15	(1.43)	3.40
NRSCX	0.25	(0.04)	0.00	(1.46)	0.00	0.00	0.43	(0.36)	3.21
GMJPX	0.68	(0.06)	0.00	(0.18)	0.00	0.00	1.36	(1.37)	4.01
FORFX	0.06	0.00	0.00	0.00	0.00	0.00	0.11	0.00	0.93
FREEX	0.68	(0.07)	0.00	(0.98)	0.00	0.00	1.14	(1.49)	3.47

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC