Us Small Correlations

RLESX Fund

USD 24.88 0.20 0.80%

The current 90-days correlation between Us Small Cap and Goldman Sachs High is 0.36 (i.e., Weak diversification). The correlation of Us Small 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 Small Correlation With Market

Weak diversification

The correlation between Us Small Cap and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Small Cap 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 Small Cap. 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 state.

Moving together with RLESX Mutual Fund

0.86	RREAX	Global Real Estate	Pair Corr
0.85	RREYX	Global Real Estate	Pair Corr
0.86	RRESX	Global Real Estate	Pair Corr
0.87	RRSCX	Global Real Estate	Pair Corr
0.85	RRSRX	Global Real Estate	Pair Corr
0.7	RALAX	Growth Strategy	Pair Corr
0.74	RALCX	Growth Strategy	Pair Corr
0.68	RALSX	Growth Strategy	Pair Corr
0.68	RALRX	Growth Strategy	Pair Corr
0.7	RALVX	Growth Strategy	Pair Corr
1.0	RSCRX	Us Small Cap	Pair Corr
0.99	RSECX	Us Strategic Equity	Pair Corr
0.99	RSEAX	Us Strategic Equity	Pair Corr
0.99	RSESX	Us Strategic Equity	Pair Corr
0.98	RSQAX	Us E Equity	Pair Corr
0.99	RTDAX	Multifactor Equity	Pair Corr
0.99	RTDCX	Multifactor Equity	Pair Corr
0.99	RTDYX	Select Equity	Pair Corr
0.99	RTDSX	Select Equity	Pair Corr
0.99	RTDRX	Select Equity	Pair Corr
0.99	RTDTX	Select Equity	Pair Corr
0.63	RTEAX	Tax Exempt Bond	Pair Corr
0.7	RTECX	Tax Exempt Bond	Pair Corr
0.74	RTHAX	Tax Exempt High	Pair Corr
0.78	RTHCX	Tax Exempt High	Pair Corr

Moving against RLESX Mutual Fund

0.45	RSBTX	Short Duration Bond	Pair Corr
0.45	RSBYX	Short Duration Bond	Pair Corr
0.44	RSDTX	Short Duration Bond	Pair Corr
0.41	RSBCX	Short Duration Bond	Pair Corr

Related Correlations Analysis

	GGMPX	FYAIX	BXHCX	TAHFX	SGYAX	AHYMX
GGMPX		0.92	0.9	0.93	0.91	0.75	GGMPX
FYAIX	0.92		0.78	0.8	0.81	0.61	FYAIX
BXHCX	0.9	0.78		0.94	0.77	0.76	BXHCX
TAHFX	0.93	0.8	0.94		0.88	0.78	TAHFX
SGYAX	0.91	0.81	0.77	0.88		0.53	SGYAX
AHYMX	0.75	0.61	0.76	0.78	0.53		AHYMX
	GGMPX	FYAIX	BXHCX	TAHFX	SGYAX	AHYMX

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Risk-Adjusted Indicators

There is a big difference between RLESX Mutual Fund performing well and Us Small 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 Small'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
GGMPX	0.15	0.01	0.07	0.37	0.00	(0.26)	0.53	(0.35)	1.07
FYAIX	0.20	0.01	0.06	0.09	0.24	(0.20)	0.30	(0.33)	1.34
BXHCX	0.12	0.00	0.04	(0.21)	0.08	(0.18)	0.25	(0.25)	1.11
TAHFX	0.15	0.01	0.08	(0.44)	0.02	(0.23)	0.61	(0.25)	1.35
SGYAX	0.15	0.04	0.19	1.14	0.00	(0.28)	0.57	(0.28)	1.28
AHYMX	0.11	0.00	0.04	(0.24)	0.07	(0.17)	0.22	(0.22)	0.98

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