Us Small Correlations

Mutual Funds . USA . 
Fund . Us Small Cap
RLESX Fund  USD 27.05  0.34  1.24%   
The current 90-days correlation between Us Small Cap and Short Duration Bond is 0.02 (i.e., Significant 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

Almost no diversification

The correlation between Us Small Cap and DJI is 0.92 (i.e., Almost no 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 main economic indicators.

Moving together with RLESX Mutual Fund

  0.78RNTTX International DevelopedPairCorr
  0.68RALAX Growth StrategyPairCorr
  0.92RALCX Growth StrategyPairCorr
  0.93RALSX Growth StrategyPairCorr
  0.76RALRX Growth StrategyPairCorr
  0.92RALVX Growth StrategyPairCorr
  0.94RSBTX Short Duration BondPairCorr
  0.94RSBYX Short Duration BondPairCorr
  0.8RSCRX Us Small CapPairCorr
  0.93RSBCX Short Duration BondPairCorr
  0.83RSECX Us Strategic EquityPairCorr
  0.92RSEAX Us Strategic EquityPairCorr
  0.94RSESX Us Strategic EquityPairCorr
  0.94RSDTX Short Duration BondPairCorr
  0.92RAZAX Multi Asset GrowthPairCorr
  0.94RAZCX Multi Asset GrowthPairCorr
  0.67RSQAX Us E EquityPairCorr
  0.68RBCUX Tax Exempt BondPairCorr
  0.72RSYTX Strategic BondPairCorr
  0.68RBLCX Balanced StrategyPairCorr
  0.91RBLAX Balanced StrategyPairCorr
  0.93RBLSX Balanced StrategyPairCorr
  0.77RBLVX Balanced StrategyPairCorr
  0.72RTDAX Multifactor EquityPairCorr
  0.72RTDCX Multifactor EquityPairCorr
  0.78RTDYX Select EquityPairCorr
  0.72RTDSX Select EquityPairCorr
  0.92RTDRX Select EquityPairCorr
  0.72RTDTX Select EquityPairCorr
  0.62RTEAX Tax Exempt BondPairCorr
  0.81RTECX Tax Exempt BondPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.62  0.19  0.26  0.37  0.35 
(0.75)
 1.15 
(1.11)
 7.39 
RREAX  0.43  0.03 (0.01)(0.72) 0.55 
(0.44)
 0.84 
(0.83)
 2.86 
RREYX  0.45  0.05  0.02 (0.42) 0.55 
(0.46)
 0.83 
(0.80)
 2.85 
RRSCX  0.45  0.05  0.01 (0.41) 0.56 
(0.46)
 0.84 
(0.85)
 2.85 
RALCX  0.60  0.23  0.33  1.23  0.00 
(0.81)
 0.96 
(0.86)
 13.91 
RALSX  0.58  0.21  0.28  1.17  0.06 
(0.73)
 0.95 
(0.91)
 12.40 
RALRX  0.61  0.21  0.31  0.33  0.00 
(0.80)
 0.94 
(0.93)
 12.21 
RALVX  0.59  0.21  0.29  1.17  0.00 
(0.78)
 0.95 
(0.86)
 12.80 
RSBRX  0.13  0.00 (0.17) 0.02  0.10 
(0.17)
 0.22 
(0.22)
 0.55 
RSBTX  0.05  0.00 (0.29)(0.03) 0.00 
(0.07)
 0.11 
(0.11)
 0.21 

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