Multi-strategy Income Correlations

Mutual Funds . USA . 
Fund . Multi Strategy Income Fund
RMYYX Fund  USD 10.37  0.05  0.48%   
The current 90-days correlation between Multi Strategy Income and International Developed Markets is 0.05 (i.e., Significant diversification). The correlation of Multi-strategy Income 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-strategy Income Correlation With Market

Modest diversification

The correlation between Multi Strategy Income Fund and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Strategy Income 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 Multi Strategy Income 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 services.

Moving together with Multi-strategy Mutual Fund

  0.76RNTTX International DevelopedPairCorr
  0.73RALAX Growth StrategyPairCorr
  0.73RALCX Growth StrategyPairCorr
  0.73RALSX Growth StrategyPairCorr
  0.73RALRX Growth StrategyPairCorr
  0.91RALVX Growth StrategyPairCorr
  0.93RSBTX Short Duration BondPairCorr
  0.93RSBYX Short Duration BondPairCorr
  0.95RSCRX Us Small CapPairCorr
  0.93RSBCX Short Duration BondPairCorr
  0.88RSECX Us Strategic EquityPairCorr
  0.89RSEAX Us Strategic EquityPairCorr
  0.89RSESX Us Strategic EquityPairCorr
  0.93RSDTX Short Duration BondPairCorr
  0.97RAZAX Multi Asset GrowthPairCorr
  0.97RAZCX Multi Asset GrowthPairCorr
  0.91RSQAX Us E EquityPairCorr
  0.91RBCUX Tax Exempt BondPairCorr
  0.67RSYTX Strategic BondPairCorr
  0.76RBLCX Balanced StrategyPairCorr
  0.93RBLAX Balanced StrategyPairCorr
  0.94RBLSX Balanced StrategyPairCorr
  0.94RBLVX Balanced StrategyPairCorr
  0.94RBLRX Balanced StrategyPairCorr
  0.86RTDAX Multifactor EquityPairCorr
  0.87RTDCX Multifactor EquityPairCorr
  0.87RTDYX Select EquityPairCorr
  0.87RTDSX Select EquityPairCorr
  0.87RTDRX Select EquityPairCorr
  0.87RTDTX Select EquityPairCorr
  0.89RTEAX Tax Exempt BondPairCorr
  0.85RTECX Tax Exempt BondPairCorr
  0.72RTHAX Tax Exempt HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Multi-strategy Mutual Fund performing well and Multi-strategy Income 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-strategy Income'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.59  0.13  0.14  0.32  0.35 
(0.72)
 1.07 
(1.11)
 7.39 
RREAX  0.44 (0.01)(0.13) 0.61  0.70 
(0.41)
 0.84 
(1.08)
 2.38 
RREYX  0.44 (0.04) 0.00 (0.03) 0.00 
 0.00 
 0.81 
(1.21)
 2.85 
RRESX  0.43 (0.04) 0.00 (0.03) 0.00 
 0.00 
 0.83 
(1.21)
 2.82 
RRSCX  0.43 (0.03)(0.11) 0.02  0.68 
(0.41)
 0.83 
(1.19)
 2.85 
RRSRX  0.43 (0.04) 0.00 (0.03) 0.00 
 0.00 
 0.83 
(1.21)
 2.80 
RALAX  0.62  0.20  0.19  1.14  0.16 
(0.78)
 0.96 
(0.86)
 11.71 
RALCX  0.65  0.18  0.24  0.34  0.00 
(0.87)
 0.96 
(0.86)
 13.91 
RALSX  0.62  0.15  0.19  0.31  0.16 
(0.78)
 0.95 
(0.91)
 12.40 
RALRX  0.62  0.15  0.19  0.31  0.11 
(0.82)
 0.94 
(0.99)
 12.21 

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