Multi Asset Correlations

RAZCX Fund

USD 11.93 0.01 0.08%

The current 90-days correlation between Multi Asset Growth and Elfun Diversified Fund is 0.41 (i.e., Very weak 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

Poor diversification

The correlation between Multi Asset Growth Strategy and DJI is 0.73 (i.e., Poor 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 unemployment.

Moving together with Multi Mutual Fund

0.73	CIBFX	Capital Income Builder	Pair Corr
0.73	CAIBX	Capital Income Builder	Pair Corr
0.73	CIBCX	Capital Income Builder	Pair Corr
0.73	RIRAX	Capital Income Builder	Pair Corr
0.73	RIREX	Capital Income Builder	Pair Corr
0.73	RIRCX	Capital Income Builder	Pair Corr
0.72	RIRFX	Capital Income Builder	Pair Corr
0.73	CIRCX	Capital Income Builder	Pair Corr
0.73	CIREX	Capital Income Builder	Pair Corr
0.73	RIRBX	Capital Income Builder	Pair Corr
0.67	PDI	Pimco Dynamic Income	Pair Corr
0.67	BMBSX	Baird Quality Interm	Pair Corr
0.71	GILCX	Guggenheim Large Cap	Pair Corr
0.62	PBLCX	Blue Chip Fund	Pair Corr
0.7	CFIPX	Qs Global Equity	Pair Corr
0.65	GLRIX	James Balanced Golden	Pair Corr
0.63	GSSQX	Goldman Sachs Equity	Pair Corr
0.87	BA	Boeing	Pair Corr
0.62	INTC	Intel	Pair Corr

Moving against Multi Mutual Fund

0.74	UIPIX	Ultrashort Mid Cap	Pair Corr
0.68	CESGX	Coho Relative Value	Pair Corr
0.59	USPSX	Profunds Ultrashort	Pair Corr
0.58	USPIX	Profunds Ultrashort	Pair Corr
0.43	TCSUX	Cleartrack 2020 Class	Pair Corr
0.41	TCTGX	Transamerica Cleartrack	Pair Corr
0.41	TCTJX	Transamerica Cleartrack	Pair Corr
0.4	TDKTX	Cleartrack 2015 Class	Pair Corr
0.32	MMM	3M Company	Pair Corr

Related Correlations Analysis

	TSMUX	EICVX	PRSVX	FARIX	DIFIX	FZABX	ELDFX
TSMUX		0.92	0.98	0.9	0.9	0.99	0.88	TSMUX
EICVX	0.92		0.94	0.88	0.85	0.9	0.79	EICVX
PRSVX	0.98	0.94		0.89	0.89	0.97	0.84	PRSVX
FARIX	0.9	0.88	0.89		0.95	0.9	0.94	FARIX
DIFIX	0.9	0.85	0.89	0.95		0.87	0.92	DIFIX
FZABX	0.99	0.9	0.97	0.9	0.87		0.87	FZABX
ELDFX	0.88	0.79	0.84	0.94	0.92	0.87		ELDFX
	TSMUX	EICVX	PRSVX	FARIX	DIFIX	FZABX	ELDFX

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
TSMUX	0.88	0.16	0.15	0.22	0.79	(1.03)	2.00	(1.89)	8.16
EICVX	0.65	0.18	0.22	1.11	0.21	(0.77)	1.31	(0.84)	8.80
PRSVX	0.94	0.22	0.27	0.21	0.52	(1.15)	2.21	(1.33)	14.38
FARIX	0.52	0.17	0.21	0.52	0.23	(0.65)	1.07	(0.83)	3.57
DIFIX	0.20	0.02	(0.08)	0.15	0.14	(0.22)	0.40	(0.32)	1.12
FZABX	0.78	0.31	0.33	0.60	0.33	(0.93)	1.39	(1.42)	14.27
ELDFX	0.43	0.10	0.13	0.30	0.24	(0.47)	0.82	(0.77)	6.39

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