Multi-asset Growth Correlations
RAZAX Fund | USD 11.33 0.03 0.27% |
The current 90-days correlation between Multi Asset Growth and Old Westbury Municipal is 0.22 (i.e., Modest diversification). The correlation of Multi-asset Growth 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 Growth Correlation With Market
Good diversification
The correlation between Multi Asset Growth Strategy and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Asset Growth Strategy and DJI in the same portfolio, assuming nothing else is changed.
Multi-asset |
Moving together with Multi-asset Mutual Fund
0.71 | RNTTX | International Developed | PairCorr |
0.64 | RREAX | Global Real Estate | PairCorr |
0.91 | RREYX | Global Real Estate | PairCorr |
0.66 | RRESX | Global Real Estate | PairCorr |
0.86 | RRSCX | Global Real Estate | PairCorr |
0.66 | RRSRX | Global Real Estate | PairCorr |
0.64 | RALSX | Growth Strategy | PairCorr |
1.0 | RALVX | Growth Strategy | PairCorr |
0.72 | RSBRX | Strategic Bond | PairCorr |
0.91 | RSBTX | Short Duration Bond | PairCorr |
0.91 | RSBYX | Short Duration Bond | PairCorr |
0.98 | RSCRX | Us Small Cap | PairCorr |
0.89 | RSBCX | Short Duration Bond | PairCorr |
0.99 | RSECX | Us Strategic Equity | PairCorr |
0.99 | RSEAX | Us Strategic Equity | PairCorr |
0.99 | RSESX | Us Strategic Equity | PairCorr |
1.0 | RAZCX | Multi Asset Growth | PairCorr |
0.99 | RSQAX | Us E Equity | PairCorr |
0.76 | RBCUX | Tax Exempt Bond | PairCorr |
0.72 | RSYTX | Strategic Bond | PairCorr |
1.0 | RBLCX | Balanced Strategy | PairCorr |
1.0 | RBLAX | Balanced Strategy | PairCorr |
1.0 | RBLRX | Balanced Strategy | PairCorr |
0.99 | RTDAX | Multifactor Equity | PairCorr |
0.99 | RTDCX | Multifactor Equity | PairCorr |
0.99 | RTDYX | Select Equity | PairCorr |
0.99 | RTDSX | Select Equity | PairCorr |
0.99 | RTDRX | Select Equity | PairCorr |
0.99 | RTDTX | Select Equity | PairCorr |
0.9 | RTEAX | Tax Exempt Bond | PairCorr |
0.88 | RTECX | Tax Exempt Bond | PairCorr |
0.97 | RTISX | Select International | PairCorr |
0.97 | RTIRX | Select International | PairCorr |
0.97 | RTIYX | Select International | PairCorr |
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 Growth 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 Growth'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
OWMBX | 0.08 | 0.02 | (0.80) | 1.48 | 0.00 | 0.18 | 0.44 | |||
PBCAX | 0.09 | 0.01 | (0.70) | 1.21 | 0.00 | 0.21 | 0.73 | |||
FCMAX | 0.15 | 0.01 | (0.53) | (0.20) | 0.14 | 0.34 | 1.02 | |||
TWTIX | 0.13 | 0.01 | (0.64) | 0.34 | 0.00 | 0.29 | 0.86 | |||
AUNCX | 0.13 | 0.02 | (0.52) | 1.40 | 0.00 | 0.28 | 1.15 | |||
BIDPX | 0.14 | 0.01 | (0.55) | (0.06) | 0.15 | 0.29 | 0.95 | |||
SNCAX | 0.09 | 0.01 | (0.71) | 0.62 | 0.00 | 0.22 | 0.89 | |||
SMAAX | 0.11 | 0.03 | (0.58) | (6.24) | 0.00 | 0.21 | 0.72 |