Redwood Systematic Correlations

Mutual Funds . USA . 
Fund . Redwood Systematic Macro
RWSIX Fund  USD 16.10  0.14  0.86%   
The current 90-days correlation between Redwood Systematic Macro and Ab Small Cap is -0.11 (i.e., Good diversification). The correlation of Redwood Systematic 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.

Redwood Systematic Correlation With Market

Good diversification

The correlation between Redwood Systematic Macro 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 Redwood Systematic Macro and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redwood Systematic Macro. 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 Redwood Mutual Fund

  0.95RWDNX Redwood Managed VolaPairCorr
  0.96RWDIX Redwood Managed VolaPairCorr
  0.96RWDYX Redwood Managed VolaPairCorr
  0.95RWIIX Redwood AlphafactorPairCorr
  0.94RWMIX Redwood Managed MunicipalPairCorr
  0.97RWSNX Redwood Systematic MacroPairCorr
  0.95PAALX All Asset FundPairCorr
  0.95PATRX Pimco All AssetPairCorr
  0.95PAAIX All Asset FundPairCorr
  0.95PALPX Pimco All AssetPairCorr
  0.95PASAX All Asset FundPairCorr
  0.95PASCX All Asset FundPairCorr
  0.96PAANX Pimco All AssetPairCorr
  0.92PAUPX Pimco All AssetPairCorr
  0.92PAUIX Pimco All AssetPairCorr
  0.95SMPIX Semiconductor UltrasectorPairCorr
  0.95SMPSX Semiconductor UltrasectorPairCorr
  0.96RSNRX Victory Global NaturalPairCorr
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  0.95RGNCX Victory Global NaturalPairCorr
  0.91ATGSX Anchor Risk ManagedPairCorr
  0.94DXNLX Direxion Monthly NasdaqPairCorr
  0.94HFLIX Hartford FloatingPairCorr
  0.94QRDTX Quantified RisingPairCorr
  0.83FDBCX Federated BondPairCorr
  0.94DPWRX Dreyfus Worldwide GrowthPairCorr
  0.9WPOPX Partners Iii OpportunityPairCorr
  0.78HHMAX The Hartford MunicipalPairCorr
  0.94ARBFX Arbitrage FundPairCorr
  0.96HCMDX Hcm Tactical GrowthPairCorr
  0.9NUSFX Northern Ultra ShortPairCorr
  0.96ETFWX Stadion Tactical DefPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Redwood Mutual Fund performing well and Redwood Systematic 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 Redwood Systematic'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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