Multi-asset Growth Correlations

RAZAX Fund

USD 12.00 0.04 0.33%

The current 90-days correlation between Multi Asset Growth and Omni Small Cap Value is -0.03 (i.e., Good 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

Average diversification

The correlation between Multi Asset Growth Strategy and DJI is 0.18 (i.e., Average 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Multi Asset Growth Strategy. 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 Multi-asset Mutual Fund

0.79	RBLCX	Balanced Strategy	Pair Corr
0.95	RTIUX	Tax-managed International	Pair Corr
0.64	RTLCX	Tax Managed Large	Pair Corr
0.81	RTOUX	Tax Managed Mid	Pair Corr
0.72	CIBFX	Capital Income Builder	Pair Corr
0.73	CAIBX	Capital Income Builder	Pair Corr
0.96	CIBCX	Capital Income Builder	Pair Corr
0.96	RIRAX	Capital Income Builder	Pair Corr
0.96	RIREX	Capital Income Builder	Pair Corr
0.96	RIRCX	Capital Income Builder	Pair Corr
0.96	RIRFX	Capital Income Builder	Pair Corr
0.73	CIRCX	Capital Income Builder	Pair Corr
0.73	CIREX	Capital Income Builder	Pair Corr
0.96	RIRBX	Capital Income Builder	Pair Corr
0.7	FRBCX	Regional Bank	Pair Corr
0.8	OTCCX	Mfs Mid Cap	Pair Corr
0.73	JRARX	Janus Henderson Research	Pair Corr
0.71	GICAX	Goldman Sachs Intern	Pair Corr
0.68	VQSRX	Virtus Kar Small	Pair Corr
0.76	GSCIX	Aberdeen Small Cap	Pair Corr
0.74	JANBX	Janus Balanced	Pair Corr
0.9	THMAX	Thrivent Moderate	Pair Corr
0.91	CNGLX	Commonwealth Global	Pair Corr
0.93	TWQCX	Transamerica Large Cap	Pair Corr
0.65	PRSLX	T Rowe Price	Pair Corr
0.62	IVOSX	Ivy Mid Cap	Pair Corr
0.96	PARDX	T Rowe Price	Pair Corr
0.69	PQTNX	Pimco Trends Managed	Pair Corr
0.68	ALAYX	Invesco Income Allocation	Pair Corr

Related Correlations Analysis

	BOSVX	EICVX	BBHLX	VPCCX	OPTCX	USCAX	PARCX	USCBX
BOSVX		0.92	0.64	0.71	0.88	0.96	0.89	0.32	BOSVX
EICVX	0.92		0.6	0.65	0.89	0.93	0.8	0.21	EICVX
BBHLX	0.64	0.6		0.58	0.54	0.7	0.78	0.16	BBHLX
VPCCX	0.71	0.65	0.58		0.57	0.72	0.72	-0.1	VPCCX
OPTCX	0.88	0.89	0.54	0.57		0.88	0.81	0.39	OPTCX
USCAX	0.96	0.93	0.7	0.72	0.88		0.88	0.22	USCAX
PARCX	0.89	0.8	0.78	0.72	0.81	0.88		0.39	PARCX
USCBX	0.32	0.21	0.16	-0.1	0.39	0.22	0.39		USCBX
	BOSVX	EICVX	BBHLX	VPCCX	OPTCX	USCAX	PARCX	USCBX

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

USCAX	+ 0.96	BOSVX
USCAX	+ 0.93	EICVX
EICVX	+ 0.92	BOSVX
PARCX	+ 0.89	BOSVX
OPTCX	+ 0.89	EICVX
OPTCX	+ 0.88	BOSVX

High negative correlations

USCBX

- 0.1

VPCCX

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
BOSVX	1.01	0.19	0.17	0.27	0.74	(1.19)	2.20	(1.44)	8.85
EICVX	0.70	0.16	0.12	1.32	0.42	(0.86)	1.36	(0.87)	8.80
BBHLX	0.69	(0.01)	(0.01)	0.08	0.91	(0.70)	1.44	(1.29)	3.62
VPCCX	1.03	0.47	0.49	1.06	0.00	(1.35)	1.78	(1.22)	18.68
OPTCX	0.16	0.01	(0.29)	0.19	0.13	(0.21)	0.40	(0.40)	1.01
USCAX	0.95	0.20	0.10	1.17	0.94	(1.04)	2.03	(1.93)	6.91
PARCX	0.42	0.05	0.02	0.17	0.30	(0.46)	0.82	(0.73)	4.41
USCBX	0.10	0.02	(0.48)	14.09	0.00	(0.16)	0.29	(0.19)	0.59

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