Redwood Real Correlations
| CREMX Fund | 25.21 0.02 0.08% |
The current 90-days correlation between Redwood Real Estate and T Rowe Price is -0.11 (i.e., Good diversification). The correlation of Redwood Real 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.
Redwood Real Correlation With Market
Average diversification
The correlation between Redwood Real Estate and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redwood Real Estate and DJI in the same portfolio, assuming nothing else is changed.
Redwood |
Moving together with Redwood Mutual Fund
| 0.89 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.89 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.89 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.89 | VITSX | Vanguard Total Stock | PairCorr |
| 0.89 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.89 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.89 | VFINX | Vanguard 500 Index | PairCorr |
| 0.89 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.87 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.82 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.95 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.75 | HD | Home Depot | PairCorr |
| 0.78 | HPQ | HP Inc | PairCorr |
| 0.76 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Redwood Mutual Fund
| 0.86 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.67 | PFHCX | Pacific Funds Small | PairCorr |
| 0.38 | NHS | Neuberger Berman High | PairCorr |
| 0.32 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.32 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.94 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.82 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.78 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.44 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Redwood Mutual Fund performing well and Redwood Real 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 Redwood Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRLGX | 0.67 | 0.00 | (0.02) | 0.12 | 0.94 | 1.50 | 4.73 | |||
| PAVLX | 0.49 | (0.01) | (0.07) | 0.11 | 0.36 | 1.08 | 3.55 | |||
| QCERX | 0.64 | (0.01) | (0.01) | 0.11 | 0.72 | 1.52 | 4.31 | |||
| JDVNX | 0.59 | 0.00 | 0.00 | 0.12 | 0.49 | 1.19 | 5.12 | |||
| FLUEX | 0.52 | 0.03 | 0.00 | 0.15 | 0.30 | 1.14 | 3.46 | |||
| DOXGX | 0.53 | (0.01) | (0.04) | 0.11 | 0.44 | 1.17 | 4.22 | |||
| GMYPX | 0.50 | 0.01 | (0.03) | 0.13 | 0.35 | 1.09 | 3.62 |