Us Defensive Correlations

Mutual Funds . USA . 
Fund . Us Defensive Equity
REQAX Fund  USD 43.47  0.05  0.12%   
The current 90-days correlation between Us Defensive Equity and Perkins Small Cap is 0.28 (i.e., Modest 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

Very weak diversification

The correlation between Us Defensive Equity and DJI is 0.43 (i.e., Very weak 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

  0.74RNTTX International DevelopedPairCorr
  0.74RALAX Growth StrategyPairCorr
  0.75RALCX Growth StrategyPairCorr
  0.76RALSX Growth StrategyPairCorr
  0.74RALRX Growth StrategyPairCorr
  0.77RALVX Growth StrategyPairCorr
  0.77RSBRX Strategic BondPairCorr
  0.62RSBTX Short Duration BondPairCorr
  0.69RSBCX Short Duration BondPairCorr
  0.99RSECX Us Strategic EquityPairCorr
  0.99RSEAX Us Strategic EquityPairCorr
  0.99RSESX Us Strategic EquityPairCorr
  0.69RAZAX Multi Asset GrowthPairCorr
  0.69RAZCX Multi Asset GrowthPairCorr
  0.97RSQAX Us E EquityPairCorr
  0.77RSYTX Strategic BondPairCorr
  0.68RBLCX Balanced StrategyPairCorr
  0.64RBLAX Balanced StrategyPairCorr
  0.66RBLSX Balanced StrategyPairCorr
  0.65RBLVX Balanced StrategyPairCorr
  0.62RBLRX Balanced StrategyPairCorr
  0.99RTDAX Multifactor EquityPairCorr
  0.99RTDCX Multifactor EquityPairCorr
  0.99RTDYX 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.

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