Moderate Strategy Correlations

RMLAX Fund

USD 8.01 1.00 0.41%

The current 90-days correlation between Moderate Strategy and Global Resources Fund is -0.02 (i.e., Good diversification). The correlation of Moderate Strategy 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.

Moderate Strategy Correlation With Market

Good diversification

The correlation between Moderate Strategy Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moderate Strategy Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 Moderate Mutual Fund

0.81	RNTTX	International Developed	Pair Corr
0.66	RREAX	Global Real Estate	Pair Corr
0.67	RREYX	Global Real Estate	Pair Corr
0.82	RRESX	Global Real Estate	Pair Corr
0.8	RRSCX	Global Real Estate	Pair Corr
0.82	RRSRX	Global Real Estate	Pair Corr
0.99	RALAX	Growth Strategy	Pair Corr
0.87	RALCX	Growth Strategy	Pair Corr
0.99	RALVX	Growth Strategy	Pair Corr
0.86	RSBYX	Short Duration Bond	Pair Corr
0.87	RSEAX	Us Strategic Equity	Pair Corr
1.0	RAZAX	Multi Asset Growth	Pair Corr
0.99	RBLCX	Balanced Strategy	Pair Corr
0.94	RTIYX	Select International	Pair Corr
0.96	RTIUX	Tax-managed International	Pair Corr
0.98	RTLCX	Tax Managed Large	Pair Corr
0.98	RTLAX	Tax Managed Large	Pair Corr
0.84	RTNCX	Tax-managed International	Pair Corr
0.96	RTOUX	Tax Managed Mid	Pair Corr
0.96	RTSSX	Tax Managed Mid	Pair Corr

Moving against Moderate Mutual Fund

0.31

RTHSX

Tax Exempt High

Pair Corr

Related Correlations Analysis

	PSPFX	IEFCX	ICBMX	ICBAX	XGNTX	IGNAX	CAEIX	PDX
PSPFX		0.87	0.89	0.88	0.88	0.96	0.5	0.94	PSPFX
IEFCX	0.87		0.83	0.83	0.79	0.95	0.51	0.9	IEFCX
ICBMX	0.89	0.83		1.0	0.71	0.9	0.41	0.82	ICBMX
ICBAX	0.88	0.83	1.0		0.71	0.9	0.41	0.82	ICBAX
XGNTX	0.88	0.79	0.71	0.71		0.86	0.42	0.84	XGNTX
IGNAX	0.96	0.95	0.9	0.9	0.86		0.49	0.94	IGNAX
CAEIX	0.5	0.51	0.41	0.41	0.42	0.49		0.59	CAEIX
PDX	0.94	0.9	0.82	0.82	0.84	0.94	0.59		PDX
	PSPFX	IEFCX	ICBMX	ICBAX	XGNTX	IGNAX	CAEIX	PDX

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Risk-Adjusted Indicators

There is a big difference between Moderate Mutual Fund performing well and Moderate Strategy 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 Moderate Strategy'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
PSPFX	0.67	0.25	0.05	2.35	0.00	(0.91)	1.84	(1.03)	3.42
IEFCX	0.91	0.10	(0.09)	0.76	0.87	(1.04)	1.86	(1.39)	4.24
ICBMX	0.91	0.24	0.03	2.91	0.74	(1.04)	2.11	(1.69)	5.15
ICBAX	0.91	0.24	0.03	2.89	0.72	(1.03)	2.09	(1.67)	5.13
XGNTX	0.53	0.05	(0.21)	0.64	0.56	(0.60)	1.19	(1.03)	3.42
IGNAX	0.73	0.23	0.02	4.76	0.24	(0.93)	1.87	(1.02)	3.09
CAEIX	0.65	0.19	0.14	0.51	0.23	(0.85)	1.70	(1.05)	4.46
PDX	0.80	0.29	0.00	(0.88)	0.64	(0.92)	2.11	(1.32)	5.84

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