Easterly Rocmuni Correlations

RMSVX Fund

4.19 0.01 0.24%

The current 90-days correlation between Easterly Rocmuni Short and Jpmorgan Smartretirement 2045 is -0.24 (i.e., Very 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

Poor diversification

The correlation between Easterly Rocmuni Short and DJI is 0.7 (i.e., Poor 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 real.

Moving together with Easterly Mutual Fund

0.64	SNORX	Easterly Snow Longshort	Pair Corr
0.67	SNWRX	Easterly Snow Small	Pair Corr
0.83	RMSIX	Easterly Rocmuni Short	Pair Corr
0.7	VMLTX	Vanguard Limited Term	Pair Corr
0.71	VMLUX	Vanguard Limited Term	Pair Corr
0.72	VWSTX	Vanguard Short Term	Pair Corr
0.72	VWSUX	Vanguard Short Term	Pair Corr
0.74	GDUSX	Goldman Sachs Short	Pair Corr
0.75	GANPX	Goldman Sachs Short	Pair Corr
0.65	SNDPX	Diversified Municipal	Pair Corr
0.66	AIDYX	Diversified Municipal	Pair Corr
0.66	AIDZX	Diversified Municipal	Pair Corr
0.66	NWASX	Nationwide Destination	Pair Corr
0.7	DFLVX	Us Large Cap	Pair Corr
0.64	VTMFX	Vanguard Tax Managed	Pair Corr
0.67	SRUAX	Spectrum Fund Adviser	Pair Corr
0.66	CDHAX	Calvert Developed Market	Pair Corr
0.68	EELDX	Eaton Vance Emerging	Pair Corr
0.81	BMSCX	Blackrock Secured Credit	Pair Corr
0.77	IHYIX	Voya High Yield	Pair Corr
0.61	PRUAX	Prudential Utility	Pair Corr
0.7	PLTOX	Principal Lifetime 2060	Pair Corr
0.64	IDXKX	Voya Index Solution	Pair Corr
0.69	GSBUX	Goldman Sachs Income	Pair Corr

Moving against Easterly Mutual Fund

0.72	RMJAX	Easterly Rocmuni High	Pair Corr
0.63	RMHIX	Easterly Rocmuni High	Pair Corr

Related Correlations Analysis

	SNORX	SNWRX	RMSIX	RMSVX	CDGCX	PBFKX	AUENX	FAUDX	INIVX	JSASX
SNORX		0.99	0.5	0.64	0.81	0.66	0.83	0.86	0.88	0.9	SNORX
SNWRX	0.99		0.54	0.67	0.85	0.72	0.85	0.84	0.88	0.93	SNWRX
RMSIX	0.5	0.54		0.83	0.64	0.47	0.56	0.32	0.42	0.57	RMSIX
RMSVX	0.64	0.67	0.83		0.73	0.65	0.66	0.53	0.54	0.69	RMSVX
CDGCX	0.81	0.85	0.64	0.73		0.79	0.87	0.55	0.88	0.93	CDGCX
PBFKX	0.66	0.72	0.47	0.65	0.79		0.7	0.59	0.72	0.77	PBFKX
AUENX	0.83	0.85	0.56	0.66	0.87	0.7		0.64	0.85	0.93	AUENX
FAUDX	0.86	0.84	0.32	0.53	0.55	0.59	0.64		0.71	0.7	FAUDX
INIVX	0.88	0.88	0.42	0.54	0.88	0.72	0.85	0.71		0.9	INIVX
JSASX	0.9	0.93	0.57	0.69	0.93	0.77	0.93	0.7	0.9		JSASX
	SNORX	SNWRX	RMSIX	RMSVX	CDGCX	PBFKX	AUENX	FAUDX	INIVX	JSASX

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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	0.76	0.21	0.24	0.32	0.47	(0.87)	1.78	(1.28)	6.78
SNWRX	0.95	0.21	0.23	0.21	0.67	(1.14)	2.58	(1.73)	5.74
RMSIX	0.04	0.00	0.00	(0.06)	0.00	0.00	0.24	0.00	0.95
RMSVX	0.05	0.00	0.00	0.10	0.00	0.00	0.24	(0.24)	0.95
CDGCX	0.52	0.10	0.13	0.20	0.43	(0.60)	1.01	(0.96)	6.40
PBFKX	0.14	0.00	(0.15)	0.01	0.12	(0.19)	0.24	(0.35)	0.71
AUENX	0.88	0.43	0.79	5.38	0.00	(1.26)	0.80	(0.71)	26.80
FAUDX	0.04	(0.01)	(0.38)	(4.17)	0.00	(0.13)	0.10	(0.10)	0.50
INIVX	1.89	0.56	0.16	9.12	2.52	(1.96)	4.70	(4.13)	18.45
JSASX	0.50	0.05	0.06	0.12	0.50	(0.53)	0.98	(0.95)	4.85

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