Resq Dynamic Correlations

RQECX Fund

USD 10.27 0.01 0.1%

The current 90-days correlation between Resq Dynamic Allocation and Franklin High Yield is 0.1 (i.e., Average diversification). The correlation of Resq Dynamic 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.

Resq Dynamic Correlation With Market

Poor diversification

The correlation between Resq Dynamic Allocation and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resq Dynamic Allocation 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 Resq Dynamic Allocation. 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 unemployment.

Moving together with Resq Mutual Fund

0.77	RQEAX	Resq Dynamic Allocation	Pair Corr
0.79	RQEIX	Resq Dynamic Allocation	Pair Corr
0.88	PAALX	All Asset Fund	Pair Corr
0.87	PATRX	Pimco All Asset	Pair Corr
0.88	PAAIX	All Asset Fund	Pair Corr
0.88	PALPX	Pimco All Asset	Pair Corr
0.87	PASAX	All Asset Fund	Pair Corr
0.88	PASCX	All Asset Fund	Pair Corr
0.88	PAANX	Pimco All Asset	Pair Corr
0.88	PAUPX	Pimco All Asset	Pair Corr
0.88	PAUIX	Pimco All Asset	Pair Corr
0.81	WARRX	Wells Fargo Advantage	Pair Corr
0.75	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.75	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.81	UNWPX	World Precious Minerals	Pair Corr
0.78	USAGX	Precious Metals And Steady Growth	Pair Corr
0.66	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.91	KF	Korea Closed	Pair Corr
0.78	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.78	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.78	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.8	DASCX	Dean Small Cap	Pair Corr
0.87	FDFRX	Fidelity Advisor Freedom	Pair Corr
0.9	BWVCX	Sterling Capital West	Pair Corr
0.81	TFBVX	Virginia Tax Free	Pair Corr
0.73	LBWCX	Legg Mason Bw	Pair Corr
0.81	FFLDX	Fidelity Freedom Index	Pair Corr
0.84	MSHDX	High Yield Portfolio	Pair Corr
0.67	CMCMX	Conestoga Micro Cap	Pair Corr
0.91	REKTX	American Funds 2055	Pair Corr
0.79	AYMAX	High Yield Municipal	Pair Corr
0.9	MFFIX	Mfs Lifetime 2050	Pair Corr
0.83	NSRIX	Northern Global Sust	Pair Corr
0.89	SSMMX	Western Asset Managed	Pair Corr
0.81	QDSRX	Aqr Diversifying Str	Pair Corr
0.72	JMVZX	Jpmorgan Mid Cap	Pair Corr

Moving against Resq Mutual Fund

0.5	RQIAX	Resq Strategic Income	Pair Corr
0.43	RQIIX	Resq Strategic Income	Pair Corr

Related Correlations Analysis

	PRFHX	TBGAX	MBSAX	ARTFX	BXHCX	BUFHX	FHYIX
PRFHX		0.96	0.64	0.82	0.78	0.75	0.97	PRFHX
TBGAX	0.96		0.72	0.85	0.82	0.82	0.99	TBGAX
MBSAX	0.64	0.72		0.83	0.86	0.91	0.74	MBSAX
ARTFX	0.82	0.85	0.83		0.99	0.91	0.86	ARTFX
BXHCX	0.78	0.82	0.86	0.99		0.93	0.83	BXHCX
BUFHX	0.75	0.82	0.91	0.91	0.93		0.83	BUFHX
FHYIX	0.97	0.99	0.74	0.86	0.83	0.83		FHYIX
	PRFHX	TBGAX	MBSAX	ARTFX	BXHCX	BUFHX	FHYIX

Risk-Adjusted Indicators

There is a big difference between Resq Mutual Fund performing well and Resq Dynamic 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 Resq Dynamic'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
PRFHX	0.09	0.01	(0.42)	(0.15)	0.00	(0.15)	0.27	(0.18)	0.81
TBGAX	0.08	0.00	(0.36)	(0.06)	0.00	(0.14)	0.18	(0.18)	0.83
MBSAX	0.21	0.02	(0.15)	0.22	0.11	(0.26)	0.37	(0.44)	2.24
ARTFX	0.09	0.00	(0.45)	0.00	0.00	(0.18)	0.22	(0.11)	0.66
BXHCX	0.13	0.02	(0.28)	1.85	0.00	(0.20)	0.25	(0.25)	0.86
BUFHX	0.10	0.00	(0.33)	0.08	0.00	(0.14)	0.19	(0.19)	0.76
FHYIX	0.08	0.00	(0.36)	(0.28)	0.00	(0.15)	0.22	(0.22)	0.66

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