Easterly Rocmuni Correlations

RMJAX Fund

2.17 0.00 0.00%

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

Excellent diversification

The correlation between Easterly Rocmuni High and DJI is -0.58 (i.e., Excellent diversification) 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 nation.

Moving together with Easterly Mutual Fund

0.84

RMHIX

Easterly Rocmuni High

Pair Corr

Moving against Easterly Mutual Fund

0.85	NHS	Neuberger Berman High	Pair Corr
0.73	ABHFX	American High Income	Pair Corr
0.73	GHYCX	Goldman Sachs High	Pair Corr
0.73	GHYAX	Goldman Sachs High	Pair Corr
0.72	AHICX	American High Income	Pair Corr
0.72	AMHIX	American High Income	Pair Corr
0.68	SNORX	Easterly Snow Longshort	Pair Corr
0.68	NHMFX	Nuveen High Yield	Pair Corr
0.67	NHMAX	Nuveen High Yield	Pair Corr
0.66	NHMRX	Nuveen High Yield	Pair Corr
0.65	NHCCX	Nuveen High Yield	Pair Corr
0.62	ACTDX	Invesco High Yield	Pair Corr
0.53	SNWRX	Easterly Snow Small	Pair Corr
0.9	SVXAX	Smead Funds Trust	Pair Corr
0.82	WSINX	Wells Fargo Strategic	Pair Corr
0.8	TBLEX	T Rowe Price	Pair Corr
0.78	TFIRX	Tiaa Cref Lifecycle	Pair Corr
0.78	FSMNX	Fidelity Sai Municipal	Pair Corr
0.74	RTHCX	Tax Exempt High	Pair Corr
0.72	JFFYX	Jpmorgan Smartretirement	Pair Corr
0.71	LSAAX	Locorr Strategic All	Pair Corr
0.7	ALBAX	Alger Growth Income	Pair Corr
0.69	CMNVX	Catholic Responsible	Pair Corr
0.69	EVMLX	Evaluator Moderate Rms	Pair Corr
0.68	HABYX	Hartford Total	Pair Corr
0.68	PAREX	T Rowe Price	Pair Corr
0.68	FKTNX	Franklin Michigan Tax	Pair Corr
0.66	PMFPX	Midcap Sp 400	Pair Corr
0.52	ETFCX	Stadion Tactical Growth	Pair Corr
0.83	TENWX	Tiaa Cref Emerging	Pair Corr
0.82	RFXAX	Rational Special Sit	Pair Corr
0.81	FFFGX	Fidelity Freedom 2045	Pair Corr
0.8	UTAHX	Aquila Tax Free	Pair Corr
0.8	FFLDX	Fidelity Freedom Index	Pair Corr
0.78	ALSMX	Archer Multi Cap	Pair Corr

Related Correlations Analysis

	SNORX	SNWRX	RMHIX	RMJAX	RMSIX	RMSVX	MNDVUX	NWWAX	SMGASX
SNORX		0.83	-0.67	-0.68	0.37	0.52	0.76	0.0	0.0	SNORX
SNWRX	0.83		-0.59	-0.53	0.55	0.51	0.63	0.0	0.0	SNWRX
RMHIX	-0.67	-0.59		0.84	-0.19	-0.3	-0.88	0.0	0.0	RMHIX
RMJAX	-0.68	-0.53	0.84		0.03	-0.09	-0.83	0.0	0.0	RMJAX
RMSIX	0.37	0.55	-0.19	0.03		0.77	0.28	0.0	0.0	RMSIX
RMSVX	0.52	0.51	-0.3	-0.09	0.77		0.39	0.0	0.0	RMSVX
MNDVUX	0.76	0.63	-0.88	-0.83	0.28	0.39		0.0	0.0	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SMGASX
	SNORX	SNWRX	RMHIX	RMJAX	RMSIX	RMSVX	MNDVUX	NWWAX	SMGASX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RMJAX	+ 0.84	RMHIX
SNWRX	+ 0.83	SNORX
RMSVX	+ 0.77	RMSIX
MNDVUX	+ 0.76	SNORX
MNDVUX	+ 0.63	SNWRX
RMSIX	+ 0.55	SNWRX

High negative correlations

MNDVUX	- 0.88	RMHIX
MNDVUX	- 0.83	RMJAX
RMJAX	- 0.68	SNORX
RMHIX	- 0.67	SNORX
RMHIX	- 0.59	SNWRX
RMJAX	- 0.53	SNWRX

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
SNORX	0.66	0.19	0.22	0.32	0.43	(0.73)	1.78	(1.12)	7.25
SNWRX	0.93	0.08	0.08	0.10	1.04	(1.03)	1.89	(1.64)	7.85
RMHIX	0.96	(0.36)	0.00	(1.99)	0.00	0.00	0.00	0.00	31.97
RMJAX	0.95	(0.37)	0.00	(0.81)	0.00	0.00	0.00	0.00	32.19
RMSIX	0.04	(0.01)	0.00	(0.45)	0.00	0.00	0.24	0.00	1.19
RMSVX	0.04	0.00	0.00	0.04	0.00	0.00	0.24	0.00	0.96
MNDVUX	0.53	0.11	0.10	(0.83)	0.47	(0.67)	1.38	(0.87)	4.98
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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.

Easterly Snow Longshort Easterly Snow Small Easterly Rocmuni High Easterly Rocmuni High Easterly Rocmuni Short Easterly Rocmuni Short Mndvux Nationwide Bailard Emerging Adt 2047 Bahl American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

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