Resq Strategic Correlations

RQIIX Fund

USD 6.89 0.04 0.58%

The current 90-days correlation between Resq Strategic Income and Siit Emerging Markets is 0.37 (i.e., Weak diversification). The correlation of Resq Strategic 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 Strategic Correlation With Market

Very good diversification

The correlation between Resq Strategic Income and DJI is -0.44 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resq Strategic Income 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 Strategic Income. 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 Resq Mutual Fund

0.84

RQIAX

Resq Strategic Income

Pair Corr

Moving against Resq Mutual Fund

0.73	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.57	FSMMX	Fs Multi Strategy	Pair Corr
0.49	BTMPX	Ishares Msci Eafe	Pair Corr
0.46	BTMKX	Blackrock International	Pair Corr
0.46	MDIIX	Blackrock Intern Index	Pair Corr
0.44	RQECX	Resq Dynamic Allocation	Pair Corr
0.41	RQEAX	Resq Dynamic Allocation	Pair Corr
0.41	FTAWX	Fidelity Asset Manager	Pair Corr
0.4	RQEIX	Resq Dynamic Allocation	Pair Corr
0.4	FASIX	Fidelity Asset Manager	Pair Corr
0.4	FTDWX	Fidelity Asset Manager	Pair Corr
0.4	PFIPX	Strategic Asset Mana	Pair Corr
0.39	FTIWX	Fidelity Asset Manager	Pair Corr
0.39	FIKVX	Fidelity Asset Manager	Pair Corr
0.33	FTCWX	Fidelity Asset Manager	Pair Corr
0.76	LCORX	Leuthold E Investment	Pair Corr
0.75	FULIX	Federated Ultrashort Bond	Pair Corr
0.73	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.66	GDIRX	Goldman Sachs Short	Pair Corr
0.65	RMBLX	Rmb Mendon Financial	Pair Corr
0.62	CAFRX	Africa Fund Africa	Pair Corr
0.56	LVAQX	Lsv Small Cap	Pair Corr
0.54	GCPNX	Gateway Equity Call	Pair Corr
0.5	OSGCX	Jpmorgan Small Cap	Pair Corr
0.48	RYCIX	Consumer Products	Pair Corr
0.47	RYHDX	High Yield Strategy	Pair Corr
0.46	SMOAX	Saat Moderate Strategy	Pair Corr
0.38	VTWAX	Vanguard Total World	Pair Corr
0.66	CFSTX	Short Term	Pair Corr
0.6	GMCQX	Gmo Equity Allocation	Pair Corr
0.58	TPCIX	Timothy Israel Mon	Pair Corr
0.54	VOHIX	Vanguard Ohio Long	Pair Corr

Related Correlations Analysis

	JOEAX	EMDQX	ZEMIX	REMVX	SFGIX	TRMIX	SEDAX
JOEAX		0.93	0.95	0.98	0.97	0.87	0.92	JOEAX
EMDQX	0.93		0.88	0.89	0.92	0.86	0.97	EMDQX
ZEMIX	0.95	0.88		0.92	0.92	0.85	0.87	ZEMIX
REMVX	0.98	0.89	0.92		0.97	0.82	0.89	REMVX
SFGIX	0.97	0.92	0.92	0.97		0.91	0.94	SFGIX
TRMIX	0.87	0.86	0.85	0.82	0.91		0.91	TRMIX
SEDAX	0.92	0.97	0.87	0.89	0.94	0.91		SEDAX
	JOEAX	EMDQX	ZEMIX	REMVX	SFGIX	TRMIX	SEDAX

Risk-Adjusted Indicators

There is a big difference between Resq Mutual Fund performing well and Resq Strategic 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 Strategic'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
JOEAX	0.67	0.15	0.16	0.31	0.48	(0.79)	1.75	(1.22)	3.76
EMDQX	0.20	0.04	(0.06)	0.41	0.00	(0.29)	0.41	(0.40)	1.20
ZEMIX	0.95	0.42	0.51	0.64	0.00	(1.25)	1.84	(1.09)	20.20
REMVX	0.56	0.21	0.25	1.39	0.14	(0.75)	1.24	(0.82)	2.94
SFGIX	0.49	0.21	0.25	0.55	0.00	(0.60)	1.16	(0.99)	2.39
TRMIX	0.72	0.10	0.13	0.17	0.58	(0.85)	1.99	(1.40)	6.32
SEDAX	0.18	0.07	0.03	0.48	0.00	(0.25)	0.53	(0.33)	1.00

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