Global Opportunistic Correlations
| RGCYX Fund | USD 8.53 0.01 0.12% |
The current 90-days correlation between Global Opportunistic and International Developed Markets is 0.59 (i.e., Very weak diversification). The correlation of Global Opportunistic 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.
Global Opportunistic Correlation With Market
Modest diversification
The correlation between Global Opportunistic Credit and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Opportunistic Credit and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving together with Global Mutual Fund
| 0.9 | RSBTX | Short Duration Bond | PairCorr |
| 0.91 | RSBYX | Short Duration Bond | PairCorr |
| 0.91 | RSBCX | Short Duration Bond | PairCorr |
| 0.92 | RSDTX | Short Duration Bond | PairCorr |
| 0.63 | RBLSX | Balanced Strategy | PairCorr |
| 0.61 | RBLVX | Balanced Strategy | PairCorr |
| 0.63 | RBLRX | Balanced Strategy | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Global Mutual Fund performing well and Global Opportunistic 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 Global Opportunistic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RNTTX | 0.52 | (0.02) | (0.11) | 0.02 | 0.71 | 1.19 | 3.57 | |||
| RREAX | 0.74 | (0.13) | 0.00 | (0.24) | 0.00 | 1.33 | 4.52 | |||
| RREYX | 0.74 | (0.13) | 0.00 | (0.24) | 0.00 | 1.35 | 4.56 | |||
| RRESX | 0.74 | (0.13) | 0.00 | (0.24) | 0.00 | 1.35 | 4.49 | |||
| RRSCX | 0.74 | (0.14) | 0.00 | (0.25) | 0.00 | 1.37 | 4.56 | |||
| RRSRX | 0.74 | (0.13) | 0.00 | (0.24) | 0.00 | 1.35 | 4.52 | |||
| RALAX | 0.45 | (0.02) | (0.11) | 0.02 | 0.70 | 1.03 | 3.65 | |||
| RALCX | 0.44 | (0.01) | (0.12) | (0.36) | 0.69 | 1.03 | 3.69 | |||
| RALSX | 0.44 | (0.02) | (0.10) | 0.03 | 0.66 | 1.00 | 3.63 | |||
| RALRX | 0.44 | (0.02) | (0.11) | 0.03 | 0.67 | 1.00 | 3.62 |