Us Defensive Correlations

Mutual Funds USA . 
Fund . Us Defensive Equity
REQAX Fund  USD 42.69  0.06  0.14%   
The current 90-days correlation between Us Defensive Equity and Growth Strategy Fund is 0.13 (i.e., Average diversification). The correlation of Us Defensive 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.

Us Defensive Correlation With Market

Poor diversification

The correlation between Us Defensive Equity and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Defensive Equity 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 Us Defensive Equity. 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 REQAX Mutual Fund

  0.89RNTTX International DevelopedPairCorr
  0.66RALAX Growth StrategyPairCorr
  0.67RALCX Growth StrategyPairCorr
  0.67RALSX Growth StrategyPairCorr
  0.67RALRX Growth StrategyPairCorr
  0.9RALVX Growth StrategyPairCorr
  0.63RSBTX Short Duration BondPairCorr
  0.63RSBYX Short Duration BondPairCorr
  0.88RSCRX Us Small CapPairCorr
  0.63RSBCX Short Duration BondPairCorr
  0.64RSDTX Short Duration BondPairCorr
  0.75RAZAX Multi Asset GrowthPairCorr
  0.76RAZCX Multi Asset GrowthPairCorr
  0.64RSQAX Us E EquityPairCorr
  0.65RBLCX Balanced StrategyPairCorr
  0.66RBLAX Balanced StrategyPairCorr
  0.65RBLSX Balanced StrategyPairCorr
  0.86RBLVX Balanced StrategyPairCorr
  0.65RBLRX Balanced StrategyPairCorr
  0.99RTDAX Multifactor EquityPairCorr
  0.99RTDCX Multifactor EquityPairCorr
  0.96RTDYX Select EquityPairCorr
  0.99RTDSX Select EquityPairCorr
  0.99RTDRX Select EquityPairCorr
  0.99RTDTX Select EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between REQAX Mutual Fund performing well and Us Defensive 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 Us Defensive'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  0.57  0.21  0.25  0.54  0.18 
(0.68)
 1.38 
(0.93)
 7.39 
RREAX  0.44  0.17  0.13 (0.85) 0.31 
(0.49)
 1.04 
(0.83)
 2.58 
RREYX  0.44  0.13  0.11  0.62  0.36 
(0.48)
 1.03 
(0.80)
 2.57 
RRESX  0.44  0.13  0.11  0.63  0.33 
(0.47)
 1.03 
(0.80)
 2.60 
RRSCX  0.44  0.13  0.10  0.60  0.33 
(0.49)
 1.03 
(0.85)
 2.57 
RRSRX  0.44  0.13  0.11  0.62  0.34 
(0.47)
 1.06 
(0.84)
 2.57 
RALAX  0.39  0.12  0.08 (1.54) 0.26 
(0.44)
 0.91 
(0.69)
 2.45 
RALCX  0.39  0.05  0.04  0.17  0.29 
(0.47)
 0.75 
(0.67)
 2.45 
RALSX  0.39  0.06  0.05  0.17  0.30 
(0.46)
 0.81 
(0.66)
 2.52 
RALRX  0.39  0.06  0.04  0.17  0.30 
(0.44)
 0.73 
(0.74)
 2.58 

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