Multi Asset Correlations

Mutual Funds USA . 
Fund . Multi Asset Growth Strategy
RAZAX Fund  USD 12.39  0.07  0.57%   
The current 90-days correlation between Multi Asset Growth and Growth Strategy Fund is 0.84 (i.e., Very poor 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

Almost no diversification

The correlation between Multi Asset Growth Strategy and DJI is 0.92 (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 Mutual Fund

  0.98RNTTX International DevelopedPairCorr
  0.83RREAX Global Real EstatePairCorr
  0.83RREYX Global Real EstatePairCorr
  0.83RRESX Global Real EstatePairCorr
  0.82RRSCX Global Real EstatePairCorr
  0.83RRSRX Global Real EstatePairCorr
  0.98RALAX Growth StrategyPairCorr
  0.98RALCX Growth StrategyPairCorr
  0.98RALSX Growth StrategyPairCorr
  0.98RALRX Growth StrategyPairCorr
  0.94RALVX Growth StrategyPairCorr
  0.8RSBRX Strategic BondPairCorr
  0.96RSBTX Short Duration BondPairCorr
  0.96RSBYX Short Duration BondPairCorr
  0.96RSCRX Us Small CapPairCorr
  0.95RSBCX Short Duration BondPairCorr
  0.96RSDTX Short Duration BondPairCorr
  1.0RAZCX Multi Asset GrowthPairCorr
  0.97RSQAX Us E EquityPairCorr
  0.93RBCUX Tax Exempt BondPairCorr
  0.8RSYTX Strategic BondPairCorr
  0.98RBLCX Balanced StrategyPairCorr
  0.98RBLAX Balanced StrategyPairCorr
  0.98RBLSX Balanced StrategyPairCorr
  0.97RBLVX Balanced StrategyPairCorr
  0.98RBLRX Balanced StrategyPairCorr
  0.87RTDAX Multifactor EquityPairCorr
  0.87RTDCX Multifactor EquityPairCorr
  0.87RTDYX Select EquityPairCorr
  0.87RTDSX Select EquityPairCorr
  0.87RTDRX Select EquityPairCorr
  0.87RTDTX Select EquityPairCorr
  0.92RTEAX Tax Exempt BondPairCorr
  0.92RTECX Tax Exempt BondPairCorr
  0.83RTHAX Tax Exempt HighPairCorr
  0.81RTHCX Tax Exempt HighPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.60  0.20  0.24  0.43  0.26 
(0.73)
 1.39 
(1.11)
 7.39 
RREAX  0.48  0.11  0.10  0.39  0.36 
(0.53)
 1.25 
(0.83)
 2.86 
RREYX  0.48  0.11  0.09  0.43  0.41 
(0.53)
 1.23 
(0.80)
 2.85 
RRESX  0.47  0.11  0.09  0.44  0.37 
(0.51)
 1.23 
(0.80)
 2.82 
RRSCX  0.47  0.11  0.09  0.42  0.41 
(0.52)
 1.25 
(0.85)
 2.85 
RRSRX  0.48  0.11  0.09  0.43  0.38 
(0.52)
 1.22 
(0.84)
 2.78 
RALAX  0.41  0.05  0.03  0.15  0.37 
(0.44)
 0.91 
(0.82)
 2.45 
RALCX  0.42  0.04  0.03  0.14  0.37 
(0.48)
 0.92 
(0.90)
 2.45 
RALSX  0.42  0.05  0.03  0.15  0.38 
(0.47)
 0.93 
(0.86)
 2.52 
RALRX  0.42  0.05  0.03  0.15  0.37 
(0.45)
 0.91 
(0.93)
 2.58 

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