Multi-asset Growth Correlations

RAZCX Fund

USD 11.35 0.04 0.35%

The current 90-days correlation between Multi Asset Growth and Dodge Global Bond is 0.55 (i.e., Very weak 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

Very poor diversification

The correlation between Multi Asset Growth Strategy and DJI is 0.87 (i.e., Very poor 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 private.

Moving together with Multi-asset Mutual Fund

0.67	RRESX	Global Real Estate	Pair Corr
0.62	RRSCX	Global Real Estate	Pair Corr
0.96	RALAX	Growth Strategy	Pair Corr
0.64	RALSX	Growth Strategy	Pair Corr
0.97	RALRX	Growth Strategy	Pair Corr
1.0	RALVX	Growth Strategy	Pair Corr
0.96	RSBTX	Short Duration Bond	Pair Corr
0.94	RSBCX	Short Duration Bond	Pair Corr
0.64	RSECX	Us Strategic Equity	Pair Corr
0.64	RSEAX	Us Strategic Equity	Pair Corr
0.72	RSESX	Us Strategic Equity	Pair Corr
0.97	RAZAX	Multi Asset Growth	Pair Corr
0.97	RBLCX	Balanced Strategy	Pair Corr
0.68	RBLSX	Balanced Strategy	Pair Corr
0.69	RBLVX	Balanced Strategy	Pair Corr
0.68	RBLRX	Balanced Strategy	Pair Corr
0.63	RTDAX	Multifactor Equity	Pair Corr
0.62	RTDCX	Multifactor Equity	Pair Corr
0.62	RTDYX	Select Equity	Pair Corr
0.62	RTDSX	Select Equity	Pair Corr
0.62	RTDRX	Select Equity	Pair Corr
0.62	RTDTX	Select Equity	Pair Corr

Moving against Multi-asset Mutual Fund

0.35	RTHAX	Tax Exempt High	Pair Corr
0.35	RTHCX	Tax Exempt High	Pair Corr
0.32	RTHSX	Tax Exempt High	Pair Corr

Related Correlations Analysis

	DODLX	SCCIX	FOSIX	BBINX	ARTFX	ANBIX	PRVBX
DODLX		0.96	0.97	0.92	0.93	0.9	0.93	DODLX
SCCIX	0.96		0.94	0.93	0.93	0.91	0.92	SCCIX
FOSIX	0.97	0.94		0.94	0.93	0.92	0.95	FOSIX
BBINX	0.92	0.93	0.94		0.93	0.88	0.9	BBINX
ARTFX	0.93	0.93	0.93	0.93		0.94	0.95	ARTFX
ANBIX	0.9	0.91	0.92	0.88	0.94		0.97	ANBIX
PRVBX	0.93	0.92	0.95	0.9	0.95	0.97		PRVBX
	DODLX	SCCIX	FOSIX	BBINX	ARTFX	ANBIX	PRVBX

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
DODLX	0.22	0.04	(0.25)	0.47	0.00	(0.30)	0.46	(0.36)	1.17
SCCIX	0.25	0.04	(0.22)	6.69	0.16	(0.31)	0.56	(0.38)	1.42
FOSIX	0.09	0.01	(0.78)	1.48	0.00	(0.17)	0.33	(0.11)	0.56
BBINX	0.09	0.02	(0.77)	(4.43)	0.00	(0.15)	0.29	(0.10)	0.59
ARTFX	0.12	0.04	(0.59)	(0.59)	0.00	(0.22)	0.33	(0.11)	0.89
ANBIX	0.13	0.03	(0.45)	2.62	0.00	(0.17)	0.29	(0.19)	0.67
PRVBX	0.08	0.04	(0.91)	0.86	0.00	(0.10)	0.20	(0.09)	0.45

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