Multi-asset Growth Correlations

RAZAX Fund

USD 12.17 0.04 0.33%

The current 90-days correlation between Multi Asset Growth and Prudential Jennison International is 0.25 (i.e., Modest diversification). The correlation of Multi-asset Growth 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 Growth Correlation With Market

Almost no diversification

The correlation between Multi Asset Growth Strategy and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Asset Growth Strategy 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 Asset Growth Strategy. 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 nation.

Moving together with Multi-asset Mutual Fund

0.65	RRSRX	Global Real Estate	Pair Corr
0.96	RALAX	Growth Strategy	Pair Corr
0.89	RSBTX	Short Duration Bond	Pair Corr
0.87	RSBYX	Short Duration Bond	Pair Corr
0.86	RSBCX	Short Duration Bond	Pair Corr
1.0	RAZCX	Multi Asset Growth	Pair Corr
0.97	RBLCX	Balanced Strategy	Pair Corr
0.97	RTIUX	Tax-managed International	Pair Corr
0.88	RTOUX	Tax Managed Mid	Pair Corr
0.96	RELSX	Equity Growth Strategy	Pair Corr
0.96	RELVX	Equity Growth Strategy	Pair Corr
0.96	RELRX	Equity Growth Strategy	Pair Corr
0.88	REMAX	Emerging Markets	Pair Corr
0.89	REMCX	Emerging Markets	Pair Corr
0.96	RELCX	Equity Growth Strategy	Pair Corr
0.89	REMSX	Emerging Markets	Pair Corr
0.89	REMYX	Emerging Markets	Pair Corr
0.8	RETSX	Tax Managed Large	Pair Corr
0.65	RETTX	Global Real Estate	Pair Corr
1.0	RMATX	Multi Asset Growth	Pair Corr
1.0	RMGSX	Multi Asset Growth	Pair Corr
0.98	RMGYX	Multi Asset Growth	Pair Corr
0.96	CIBFX	Capital Income Builder	Pair Corr
0.97	CAIBX	Capital Income Builder	Pair Corr
0.96	CIBCX	Capital Income Builder	Pair Corr
0.96	RIRAX	Capital Income Builder	Pair Corr
0.96	RIREX	Capital Income Builder	Pair Corr
0.96	RIRCX	Capital Income Builder	Pair Corr
0.96	RIRFX	Capital Income Builder	Pair Corr
0.96	CIRCX	Capital Income Builder	Pair Corr
0.96	CIREX	Capital Income Builder	Pair Corr
0.96	RIRBX	Capital Income Builder	Pair Corr
0.94	FSMMX	Fs Multi Strategy	Pair Corr
0.97	BTMPX	Ishares Msci Eafe	Pair Corr
0.96	BTMKX	Blackrock International	Pair Corr
0.96	MDIIX	Blackrock Intern Index	Pair Corr
0.72	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.72	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	RAZAX	RAZCX	RMATX	RMGSX	RMGYX	FLDZX	NAWCX	LBDRX	PWJQX
RAZAX		1.0	1.0	1.0	0.98	0.81	0.89	0.86	0.6	RAZAX
RAZCX	1.0		1.0	1.0	0.98	0.81	0.88	0.85	0.6	RAZCX
RMATX	1.0	1.0		1.0	0.98	0.82	0.89	0.86	0.59	RMATX
RMGSX	1.0	1.0	1.0		0.98	0.81	0.88	0.86	0.59	RMGSX
RMGYX	0.98	0.98	0.98	0.98		0.83	0.91	0.88	0.59	RMGYX
FLDZX	0.81	0.81	0.82	0.81	0.83		0.89	0.88	0.24	FLDZX
NAWCX	0.89	0.88	0.89	0.88	0.91	0.89		0.98	0.29	NAWCX
LBDRX	0.86	0.85	0.86	0.86	0.88	0.88	0.98		0.28	LBDRX
PWJQX	0.6	0.6	0.59	0.59	0.59	0.24	0.29	0.28		PWJQX
	RAZAX	RAZCX	RMATX	RMGSX	RMGYX	FLDZX	NAWCX	LBDRX	PWJQX

Risk-Adjusted Indicators

There is a big difference between Multi-asset Mutual Fund performing well and Multi-asset Growth 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 Growth'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
RAZAX	0.33	0.07	0.03	0.92	0.23	(0.37)	0.76	(0.61)	2.21
RAZCX	0.33	0.07	0.03	0.89	0.25	(0.38)	0.72	(0.62)	2.17
RMATX	0.33	0.08	0.04	0.96	0.23	(0.39)	0.76	(0.61)	2.20
RMGSX	0.33	0.08	0.04	0.97	0.23	(0.38)	0.75	(0.61)	2.21
RMGYX	0.32	0.05	0.03	0.19	0.22	(0.39)	0.71	(0.61)	2.11
FLDZX	0.06	0.00	(0.51)	0.36	0.00	(0.15)	0.11	(0.11)	0.45
NAWCX	0.45	0.09	0.10	0.27	0.24	(0.54)	1.01	(0.80)	4.34
LBDRX	0.75	0.21	0.36	0.24	0.00	(0.97)	1.29	(1.07)	14.75
PWJQX	0.72	(0.05)	(0.05)	0.01	0.96	(0.78)	1.58	(2.13)	4.28

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Multi-asset Growth Correlations

Multi-asset Growth Correlation With Market

Almost no diversification

Moving together with Multi-asset Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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