Multi-asset Real Correlations

Mutual Funds . USA . 
Fund . Multi Asset Real Return
ASIUX Fund  USD 21.60  0.04  0.19%   
The current 90-days correlation between Multi Asset Real and Mid Cap Value is -0.17 (i.e., Good diversification). The correlation of Multi-asset Real 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.

Multi-asset Real Correlation With Market

Good diversification

The correlation between Multi Asset Real Return and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Asset Real Return and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Multi Asset Real Return. 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 employment.

Moving together with Multi-asset Mutual Fund

  0.89AMDVX Mid Cap ValuePairCorr
  0.94AMEIX Equity GrowthPairCorr
  0.94AMGIX Income GrowthPairCorr
  0.68CDBCX Diversified BondPairCorr
  0.95AMKIX Emerging MarketsPairCorr
  0.65TWACX Short Term GovernmentPairCorr
  0.93TWADX Value Fund APairCorr
  0.93TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.95TWCIX Select Fund InvestorPairCorr
  0.94TWCGX Growth Fund InvestorPairCorr
  0.7TWARX Short Term GovernmentPairCorr
  0.76TWAVX Short Term GovernmentPairCorr
  0.89AMVYX Mid Cap ValuePairCorr
  0.88AMVRX Mid Cap ValuePairCorr
  0.94TWBIX Balanced Fund InvestorPairCorr
  0.89AMVGX Mid Cap ValuePairCorr
  0.9TWEAX Equity IncomePairCorr
  0.91TWEIX Equity IncomePairCorr
  0.93TWCUX Ultra Fund InvestorPairCorr
  0.89TWGAX International GrowthPairCorr
  0.94TWGIX Growth Fund IPairCorr
  0.93TWGGX Global GrowthPairCorr
  0.88TWIEX International GrowthPairCorr
  0.92TWHIX Heritage Fund InvestorPairCorr
  0.95TWMIX Emerging MarketsPairCorr
  0.94TWRCX Growth Fund CPairCorr
  0.84TWTCX Intermediate Term TaxPairCorr
  0.86TWTIX Intermediate Term TaxPairCorr
  0.95TWSCX Strategic Allocation:PairCorr
  0.95TWSAX Strategic Allocation:PairCorr
  0.95TWSMX Strategic Allocation:PairCorr
  0.95TWSIX Select Fund IPairCorr
  0.76TWUSX Short Term GovernmentPairCorr
  0.93TWVLX Value Fund InvestorPairCorr
  0.94TWUAX Ultra Fund APairCorr
  0.93TWUIX Ultra Fund IPairCorr
  0.76TWUOX Short Term GovernmentPairCorr
  0.88TWWOX Intermediate Term TaxPairCorr
  0.95NPHIX High Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Multi-asset Mutual Fund performing well and Multi-asset Real 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 Multi-asset Real'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.70  0.13 (0.03)(1.02) 0.76 
(0.74)
 1.96 
(1.39)
 4.36 
AMEIX  0.66  0.12  0.12  0.26  0.56 
(0.73)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.16  0.01 (1.14) 0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.26  0.01 (0.34) 3.69  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.26  0.19  37.62  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (0.91) 0.15  0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.65  0.14 (0.02)(0.98) 0.64 
(0.74)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.13  0.13  0.27  0.75 
(0.93)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.29  0.13 (3.45) 0.73 
(1.00)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.29  0.13 (3.44) 0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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