Multifactor Correlations

Mutual Funds . USA . 
Fund . Multifactor Equity Fund
RTDCX Fund  USD 15.61  0.03  0.19%   
The correlation of Multifactor 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.

Multifactor Correlation With Market

Good diversification

The correlation between Multifactor Equity Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multifactor Equity 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 Multifactor Equity 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 main economic indicators.

Moving together with Multifactor Mutual Fund

  0.91RNTTX International DevelopedPairCorr
  0.89RREAX Global Real EstatePairCorr
  0.85RREYX Global Real EstatePairCorr
  0.85RRESX Global Real EstatePairCorr
  0.85RRSCX Global Real EstatePairCorr
  0.85RRSRX Global Real EstatePairCorr
  0.94RALAX Growth StrategyPairCorr
  0.94RALCX Growth StrategyPairCorr
  0.94RALSX Growth StrategyPairCorr
  0.94RALRX Growth StrategyPairCorr
  0.94RALVX Growth StrategyPairCorr
  0.7RSBTX Short Duration BondPairCorr
  0.71RSBYX Short Duration BondPairCorr
  0.88RSCRX Us Small CapPairCorr
  0.68RSBCX Short Duration BondPairCorr
  0.93RSECX Us Strategic EquityPairCorr
  1.0RSEAX Us Strategic EquityPairCorr
  0.93RSESX Us Strategic EquityPairCorr
  0.7RSDTX Short Duration BondPairCorr
  0.93RAZAX Multi Asset GrowthPairCorr
  0.93RAZCX Multi Asset GrowthPairCorr
  0.86RSQAX Us E EquityPairCorr
  0.94RBLCX Balanced StrategyPairCorr
  0.94RBLAX Balanced StrategyPairCorr
  0.94RBLSX Balanced StrategyPairCorr
  0.94RBLVX Balanced StrategyPairCorr
  0.94RBLRX Balanced StrategyPairCorr
  1.0RTDAX Multifactor EquityPairCorr
  1.0RTDYX Select EquityPairCorr
  1.0RTDSX Select EquityPairCorr
  1.0RTDRX Select EquityPairCorr
  1.0RTDTX Select EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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