Easterly Rocmuni Correlations

RMHIX Fund

2.18 0.00 0.00%

The current 90-days correlation between Easterly Rocmuni High and Aqr Long Short Equity is -0.03 (i.e., Good diversification). The correlation of Easterly Rocmuni 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.

Easterly Rocmuni Correlation With Market

Pay attention - limited upside

The correlation between Easterly Rocmuni High and DJI is -0.76 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Easterly Rocmuni High and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with Easterly Mutual Fund

0.84

RMJAX

Easterly Rocmuni High

Pair Corr

Moving against Easterly Mutual Fund

0.75	SNWRX	Easterly Snow Small	Pair Corr
0.73	SNORX	Easterly Snow Longshort	Pair Corr
0.72	NHS	Neuberger Berman High	Pair Corr
0.7	AMHIX	American High Income	Pair Corr
0.68	ABHFX	American High Income	Pair Corr
0.67	AHICX	American High Income	Pair Corr
0.63	RMSVX	Easterly Rocmuni Short	Pair Corr
0.58	RMSIX	Easterly Rocmuni Short	Pair Corr
0.55	GHYAX	Goldman Sachs High	Pair Corr
0.44	GHYCX	Goldman Sachs High	Pair Corr
0.4	ACTDX	Invesco High Yield	Pair Corr
0.38	NHMRX	Nuveen High Yield	Pair Corr
0.34	NHMAX	Nuveen High Yield	Pair Corr
0.93	GPEIX	Grandeur Peak Emerging	Pair Corr
0.88	PRCNX	T Rowe Price	Pair Corr
0.84	GQESX	Gmo Quality Fund	Pair Corr
0.83	PLSRX	Pacific Funds Strategic	Pair Corr
0.83	LIRIX	Blackrock Lifepath Idx	Pair Corr
0.82	FASIX	Fidelity Asset Manager	Pair Corr
0.82	FMOKX	Oklahoma College Savings	Pair Corr
0.82	RPIHX	T Rowe Price	Pair Corr
0.82	MEDCX	Mfs Emerging Markets	Pair Corr
0.81	PONRX	Pimco Income	Pair Corr
0.81	JSPMX	Janus Global Allocation	Pair Corr
0.8	PONCX	Pimco Income	Pair Corr
0.8	FDKLX	Fidelity Freedom Index	Pair Corr
0.77	PFADX	Riskproreg Pfg 0	Pair Corr
0.75	ASIEX	Strategic Income	Pair Corr
0.72	PDEZX	Prudential Jennison	Pair Corr
0.7	FOFZX	Franklin Oregon Tax	Pair Corr
0.9	CWGIX	Capital World Growth	Pair Corr
0.89	RSLAX	Smallcap World	Pair Corr
0.86	TAAKX	Transamerica Asset	Pair Corr
0.86	TLZIX	Tiaa Cref Lifecycle	Pair Corr
0.83	DDLDX	Doubleline Low Duration	Pair Corr
0.83	TEDVX	Tiaa Cref Emerging	Pair Corr

Related Correlations Analysis

	PRMDX	TSDCX	GSTGX	AOUNX	GTLSX	QLENX
PRMDX		0.93	0.9	0.95	0.8	0.61	PRMDX
TSDCX	0.93		0.95	0.97	0.82	0.74	TSDCX
GSTGX	0.9	0.95		0.94	0.86	0.8	GSTGX
AOUNX	0.95	0.97	0.94		0.83	0.72	AOUNX
GTLSX	0.8	0.82	0.86	0.83		0.85	GTLSX
QLENX	0.61	0.74	0.8	0.72	0.85		QLENX
	PRMDX	TSDCX	GSTGX	AOUNX	GTLSX	QLENX

Risk-Adjusted Indicators

There is a big difference between Easterly Mutual Fund performing well and Easterly Rocmuni 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 Easterly Rocmuni'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
PRMDX	0.03	0.01	0.00	(0.31)	0.00	0.00	0.19	0.00	0.39
TSDCX	0.04	0.00	0.00	0.10	0.00	0.00	0.11	(0.11)	0.44
GSTGX	0.05	0.00	(0.75)	0.22	0.00	(0.12)	0.11	(0.11)	0.32
AOUNX	0.05	0.01	0.00	0.82	0.00	0.00	0.10	(0.10)	0.51
GTLSX	0.68	0.36	0.61	(1.70)	0.00	(0.91)	0.92	(0.46)	19.07
QLENX	0.36	0.06	(0.06)	3.46	0.28	(0.43)	0.85	(0.63)	2.30

Easterly Rocmuni Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Easterly Rocmuni mutual fund to make a market-neutral strategy. Peer analysis of Easterly Rocmuni could also be used in its relative valuation, which is a method of valuing Easterly Rocmuni by comparing valuation metrics with similar companies.

Maryland Short Term Tax Free Touchstone Ultra Short Goldman Sachs Short Angel Oak Ultrashort Quantitative Longshort Equity Aqr Long Short Equity American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot

Risk & Return

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