Multi-asset Growth Correlations

Mutual Funds . USA . 
Fund . Multi Asset Growth Strategy
RMATX Fund  USD 12.24  0.02  0.16%   
The current 90-days correlation between Multi Asset Growth and John Hancock Municipal is 0.08 (i.e., Significant diversification). The correlation of Multi-asset Growth 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.

Multi-asset Growth Correlation With Market

Almost no diversification

The correlation between Multi Asset Growth Strategy and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Asset Growth Strategy 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 Multi Asset Growth Strategy. 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 population.

Moving together with Multi-asset Mutual Fund

  0.98RNTTX International DevelopedPairCorr
  0.64RREAX Global Real EstatePairCorr
  0.72RREYX Global Real EstatePairCorr
  0.72RRESX Global Real EstatePairCorr
  0.68RRSCX Global Real EstatePairCorr
  0.72RRSRX Global Real EstatePairCorr
  0.95RALAX Growth StrategyPairCorr
  0.96RALCX Growth StrategyPairCorr
  0.96RALSX Growth StrategyPairCorr
  0.96RALRX Growth StrategyPairCorr
  0.96RALVX Growth StrategyPairCorr
  0.69RSBRX Strategic BondPairCorr
  0.91RSBTX Short Duration BondPairCorr
  0.9RSBYX Short Duration BondPairCorr
  0.96RSCRX Us Small CapPairCorr
  0.9RSBCX Short Duration BondPairCorr
  0.94RSECX Us Strategic EquityPairCorr
  0.94RSEAX Us Strategic EquityPairCorr
  0.94RSESX Us Strategic EquityPairCorr
  0.9RSDTX Short Duration BondPairCorr
  0.98RAZAX Multi Asset GrowthPairCorr
  1.0RAZCX Multi Asset GrowthPairCorr
  0.95RSQAX Us E EquityPairCorr
  0.91RBCUX Tax Exempt BondPairCorr
  0.7RSYTX Strategic BondPairCorr
  0.97RBLCX Balanced StrategyPairCorr
  0.96RBLAX Balanced StrategyPairCorr
  0.98RBLSX Balanced StrategyPairCorr
  0.98RBLVX Balanced StrategyPairCorr
  0.98RBLRX Balanced StrategyPairCorr
  0.92RTDAX Multifactor EquityPairCorr
  0.92RTDCX Multifactor EquityPairCorr
  0.92RTDYX Select EquityPairCorr
  0.92RTDSX Select EquityPairCorr
  0.92RTDRX Select EquityPairCorr
  0.92RTDTX Select EquityPairCorr
  0.88RTEAX Tax Exempt BondPairCorr
  0.87RTECX Tax Exempt BondPairCorr
  0.7RTHAX Tax Exempt HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Multi-asset Mutual Fund performing well and Multi-asset Growth 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 Multi-asset Growth'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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