Growth Strategy Correlations

Mutual Funds . USA . 
Fund . Growth Strategy Fund
RALCX Fund  USD 11.84  0.03  0.25%   
The current 90-days correlation between Growth Strategy and International Developed Markets is 0.13 (i.e., Average diversification). The correlation of Growth 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.

Growth Strategy Correlation With Market

Significant diversification

The correlation between Growth Strategy Fund and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth 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 Growth 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 main economic indicators.

Moving together with Growth Mutual Fund

  0.64RNTTX International DevelopedPairCorr
  0.68RREAX Global Real EstatePairCorr
  0.68RREYX Global Real EstatePairCorr
  0.68RRESX Global Real EstatePairCorr
  0.68RRSCX Global Real EstatePairCorr
  0.68RRSRX Global Real EstatePairCorr
  0.92RALAX Growth StrategyPairCorr
  0.92RALSX Growth StrategyPairCorr
  0.99RALRX Growth StrategyPairCorr
  0.92RALVX Growth StrategyPairCorr
  0.85RSBRX Strategic BondPairCorr
  0.83RSCRX Us Small CapPairCorr
  0.85RSECX Us Strategic EquityPairCorr
  0.91RSEAX Us Strategic EquityPairCorr
  0.85RSESX Us Strategic EquityPairCorr
  0.83RAZAX Multi Asset GrowthPairCorr
  0.83RAZCX Multi Asset GrowthPairCorr
  0.78RSQAX Us E EquityPairCorr
  0.76RBCUX Tax Exempt BondPairCorr
  0.83RSYTX Strategic BondPairCorr
  0.94RBLCX Balanced StrategyPairCorr
  0.82RBLAX Balanced StrategyPairCorr
  0.82RBLSX Balanced StrategyPairCorr
  0.82RBLVX Balanced StrategyPairCorr
  0.81RBLRX Balanced StrategyPairCorr
  0.79RTDAX Multifactor EquityPairCorr
  0.79RTDCX Multifactor EquityPairCorr
  0.79RTDYX Select EquityPairCorr
  0.79RTDSX Select EquityPairCorr
  0.79RTDRX Select EquityPairCorr
  0.79RTDTX Select EquityPairCorr
  0.8RTEAX Tax Exempt BondPairCorr
  0.81RTECX Tax Exempt BondPairCorr
  0.8RTHAX Tax Exempt HighPairCorr
  0.82RTHCX Tax Exempt HighPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth 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 Growth 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.51 (0.03)(0.11)(0.03) 0.72 
(0.51)
 1.12 
(1.20)
 3.57 
RREAX  0.72 (0.15) 0.00 (0.30) 0.00 
 0.00 
 1.16 
(1.67)
 4.52 
RREYX  0.72 (0.15) 0.00 (0.30) 0.00 
 0.00 
 1.15 
(1.68)
 4.56 
RRESX  0.72 (0.15) 0.00 (0.30) 0.00 
 0.00 
 1.15 
(1.64)
 4.49 
RRSCX  0.72 (0.15) 0.00 (0.32) 0.00 
 0.00 
 1.15 
(1.70)
 4.56 
RRSRX  0.72 (0.15) 0.00 (0.31) 0.00 
 0.00 
 1.15 
(1.68)
 4.52 
RALAX  0.44 (0.02)(0.10)(0.01) 0.70 
(0.42)
 1.03 
(0.86)
 3.65 
RALCX  0.44 (0.02) 0.00 (0.43) 0.00 
 0.00 
 1.03 
(0.84)
 3.69 
RALSX  0.43 (0.02)(0.09) 0.00  0.67 
(0.44)
 1.00 
(0.83)
 3.63 
RALRX  0.43 (0.01)(0.10)(0.22) 0.69 
(0.42)
 1.00 
(0.83)
 3.62 

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