Multi Asset Correlations

ASIUXDelisted Fund

USD 25.01 0.00 0.00%

The current 90-days correlation between Multi Asset Real and American Funds Retirement is -0.03 (i.e., Good diversification). The correlation of Multi Asset 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 Correlation With Market

Good diversification

The correlation between Multi Asset Real Return and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Asset Real Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 producer price index.

Moving together with Multi Mutual Fund

0.84	VWIAX	Vanguard Wellesley Income	Pair Corr
0.86	VWINX	Vanguard Wellesley Income	Pair Corr
0.82	BKMIX	Blackrock Multi Asset	Pair Corr
0.84	HBLTX	Hartford Balanced	Pair Corr
0.84	HBLRX	Hartford Balanced	Pair Corr
0.84	HBLSX	Hartford Balanced	Pair Corr
0.84	HBLVX	Hartford Balanced	Pair Corr
0.84	HBLFX	Hartford Balanced	Pair Corr
0.84	HBLYX	Hartford Balanced	Pair Corr
0.84	HBLCX	Hartford Balanced	Pair Corr
0.84	FSMMX	Fs Multi Strategy	Pair Corr
0.77	BTMPX	Ishares Msci Eafe	Pair Corr
0.78	BTMKX	Blackrock International	Pair Corr
0.77	MDIIX	Blackrock Intern Index	Pair Corr
0.89	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.89	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.88	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.73	GTECX	Gateway Fund Class	Pair Corr
0.81	AADEX	American Beacon Large	Pair Corr
0.83	BBVSX	Bridge Builder Smallmid	Pair Corr
0.79	GSGPX	Goldman Sachs Absolute	Pair Corr
0.81	FGFAX	Federated International	Pair Corr
0.79	HAISX	Harbor International	Pair Corr
0.74	FSISX	Fidelity Sai Interna	Pair Corr
0.88	JDSNX	Perkins Small Cap	Pair Corr
0.79	SRJZX	Jpmorgan Smartretirement	Pair Corr
0.78	FDVIX	Fidelity Advisor Div	Pair Corr
0.88	FEAIX	First Eagle Fund	Pair Corr
0.87	MXFEX	Mainstay Floating Rate	Pair Corr
0.74	VRMGX	Virtus Kar Mid	Pair Corr
0.91	GAAAX	Gmo Opportunistic Income	Pair Corr
0.91	WUSNX	Allspring Ultra Short	Pair Corr
0.67	JSLNX	Janus Henderson Global	Pair Corr
0.64	AFTFX	Tax Exempt Bond	Pair Corr
0.72	FAASX	Fidelity Asset Manager	Pair Corr

Related Correlations Analysis

	RRPPX	MNMCX	SXMAX	SAMAX	TRRJX
RRPPX		0.91	0.88	0.83	0.95	RRPPX
MNMCX	0.91		0.96	0.93	0.95	MNMCX
SXMAX	0.88	0.96		0.88	0.94	SXMAX
SAMAX	0.83	0.93	0.88		0.88	SAMAX
TRRJX	0.95	0.95	0.94	0.88		TRRJX
	RRPPX	MNMCX	SXMAX	SAMAX	TRRJX

Risk-Adjusted Indicators

There is a big difference between Multi Mutual Fund performing well and Multi Asset 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'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
RRPPX	0.33	0.05	(0.01)	0.24	0.11	(0.40)	0.61	(0.61)	3.48
MNMCX	0.35	0.06	0.01	0.28	0.03	(0.43)	0.68	(0.50)	4.66
SXMAX	0.49	0.18	0.32	0.56	0.00	(0.70)	0.57	(0.50)	13.41
SAMAX	0.57	0.12	0.10	0.38	0.34	(0.67)	0.92	(0.99)	9.75
TRRJX	0.46	0.05	0.03	0.17	0.36	(0.52)	0.96	(0.89)	4.62

Multi Asset Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Multi Asset mutual fund to make a market-neutral strategy. Peer analysis of Multi Asset could also be used in its relative valuation, which is a method of valuing Multi Asset by comparing valuation metrics with similar companies.

American Funds Retirement Pro Blend Moderate Term Saat Moderate Strategy Moderately Aggressive Balanced T Rowe Price American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot International Business Machines

Risk & Return

Correlation

Still Interested in Multi Asset Real Return?

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