Moderate Strategy Correlations

RMLVX Fund

USD 10.45 0.01 0.1%

The current 90-days correlation between Moderate Strategy and Maryland Short Term Tax Free is -0.14 (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

Poor diversification

The correlation between Moderate Strategy Fund and DJI is 0.75 (i.e., Poor 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, which includes a position in Moderate Strategy Fund. 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 manufacturing.

Moving together with Moderate Mutual Fund

0.65	VWIAX	Vanguard Wellesley Income	Pair Corr
0.95	VWINX	Vanguard Wellesley Income	Pair Corr
0.99	BKMIX	Blackrock Multi Asset	Pair Corr
0.9	HBLTX	Hartford Balanced	Pair Corr
0.9	HBLRX	Hartford Balanced	Pair Corr
0.9	HBLSX	Hartford Balanced	Pair Corr
0.9	HBLVX	Hartford Balanced	Pair Corr
0.9	HBLFX	Hartford Balanced	Pair Corr
0.9	HBLYX	Hartford Balanced	Pair Corr
0.9	HBLCX	Hartford Balanced	Pair Corr
0.69	KF	Korea Closed	Pair Corr
0.88	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.93	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.92	USAGX	Precious Metals And	Pair Corr
0.92	FSAGX	Gold Portfolio Gold	Pair Corr
0.92	GOLDX	Gabelli Gold	Pair Corr
0.64	UNWPX	World Precious Minerals	Pair Corr
0.93	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.64	BMBSX	Baird Quality Interm	Pair Corr
0.79	PBLCX	Blue Chip Fund	Pair Corr
0.96	GILCX	Guggenheim Large Cap	Pair Corr
0.65	GLRIX	James Balanced Golden	Pair Corr
0.9	CFIPX	Qs Global Equity	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.62	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr

Moving against Moderate Mutual Fund

0.45	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.36	HPQ	HP Inc	Pair Corr
0.31	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	SNORX	ATOAX	CIABX	TEPFX	FTFZX	QNZIX	PRMDX
SNORX		0.84	0.78	0.79	0.77	0.74	0.81	SNORX
ATOAX	0.84		0.95	0.94	0.97	0.89	0.98	ATOAX
CIABX	0.78	0.95		0.98	0.96	0.93	0.97	CIABX
TEPFX	0.79	0.94	0.98		0.97	0.94	0.97	TEPFX
FTFZX	0.77	0.97	0.96	0.97		0.93	0.97	FTFZX
QNZIX	0.74	0.89	0.93	0.94	0.93		0.91	QNZIX
PRMDX	0.81	0.98	0.97	0.97	0.97	0.91		PRMDX
	SNORX	ATOAX	CIABX	TEPFX	FTFZX	QNZIX	PRMDX

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
SNORX	0.71	0.20	0.26	0.34	0.30	(0.85)	1.78	(1.05)	6.59
ATOAX	0.03	0.00	0.00	(0.32)	0.00	0.00	0.20	0.00	0.30
CIABX	0.06	0.00	0.00	0.70	0.00	0.00	0.20	(0.20)	0.40
TEPFX	0.04	0.01	0.00	0.96	0.00	0.00	0.10	(0.10)	0.21
FTFZX	0.04	0.01	0.00	5.05	0.00	0.00	0.10	(0.10)	0.39
QNZIX	0.60	0.13	0.14	0.28	0.54	(0.66)	1.31	(1.08)	3.28
PRMDX	0.03	0.00	0.00	(0.13)	0.00	0.00	0.19	0.00	0.39

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