Easterly Rocmuni Correlations

RMSIX Fund

USD 4.21 0.01 0.24%

The current 90-days correlation between Easterly Rocmuni Short and California High Yield Municipal is 0.22 (i.e., Modest 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

Very weak diversification

The correlation between Easterly Rocmuni Short and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Easterly Rocmuni Short 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 Easterly Rocmuni Short. 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

0.71

GE Aerospace

Pair Corr

Moving against Easterly Mutual Fund

0.45	TRV	The Travelers Companies	Pair Corr
0.34	T	ATT Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	PHDTX	AGDAX	MAANX	DIHRX	FHIRX	CYBAX	BCHIX
PHDTX		0.84	0.85	0.85	0.86	0.84	0.72	PHDTX
AGDAX	0.84		0.94	0.93	0.96	0.98	0.87	AGDAX
MAANX	0.85	0.94		0.97	0.94	0.92	0.79	MAANX
DIHRX	0.85	0.93	0.97		0.92	0.9	0.83	DIHRX
FHIRX	0.86	0.96	0.94	0.92		0.97	0.83	FHIRX
CYBAX	0.84	0.98	0.92	0.9	0.97		0.85	CYBAX
BCHIX	0.72	0.87	0.79	0.83	0.83	0.85		BCHIX
	PHDTX	AGDAX	MAANX	DIHRX	FHIRX	CYBAX	BCHIX

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
PHDTX	0.12	(0.03)	0.00	(0.92)	0.00	0.00	0.22	(0.11)	3.01
AGDAX	0.12	0.01	(0.17)	2.10	0.00	(0.21)	0.28	(0.14)	0.86
MAANX	0.47	0.02	0.01	0.07	0.58	(0.48)	1.02	(1.04)	2.81
DIHRX	0.57	0.07	0.07	0.14	0.59	(0.60)	1.19	(1.26)	3.04
FHIRX	0.08	0.01	0.00	0.68	0.00	0.00	0.55	0.00	1.11
CYBAX	0.10	0.01	(0.23)	0.80	0.00	(0.13)	0.44	(0.20)	0.76
BCHIX	0.08	0.00	(0.21)	(0.38)	0.00	(0.15)	0.21	(0.10)	0.83

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