Global Real Correlations

RRSRX Fund

USD 31.23 0.30 0.97%

The current 90-days correlation between Global Real Estate and Nuveen Minnesota Municipal is 0.38 (i.e., Weak diversification). The correlation of Global Real 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.

Global Real Correlation With Market

Modest diversification

The correlation between Global Real Estate and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Real Estate 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 Global Real Estate. 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 metropolitan statistical area.

Moving together with Global Mutual Fund

0.68	RNTTX	International Developed	Pair Corr
0.92	RREAX	Global Real Estate	Pair Corr
1.0	RREYX	Global Real Estate	Pair Corr
1.0	RRESX	Global Real Estate	Pair Corr
1.0	RRSCX	Global Real Estate	Pair Corr
0.87	RSBRX	Strategic Bond	Pair Corr
0.87	RSBTX	Short Duration Bond	Pair Corr
0.89	RSBYX	Short Duration Bond	Pair Corr
0.91	RSBCX	Short Duration Bond	Pair Corr
0.86	RSDTX	Short Duration Bond	Pair Corr
0.63	RAZAX	Multi Asset Growth	Pair Corr
0.66	RAZCX	Multi Asset Growth	Pair Corr
0.65	RBCUX	Tax Exempt Bond	Pair Corr
0.87	RSYTX	Strategic Bond	Pair Corr
0.69	RTEAX	Tax Exempt Bond	Pair Corr
0.71	RTECX	Tax Exempt Bond	Pair Corr

Moving against Global Mutual Fund

0.53	RSEAX	Us Strategic Equity	Pair Corr
0.5	RSECX	Us Strategic Equity	Pair Corr
0.5	RSESX	Us Strategic Equity	Pair Corr
0.49	RSCRX	Us Small Cap	Pair Corr
0.43	RSQAX	Us E Equity	Pair Corr
0.51	RTDAX	Multifactor Equity	Pair Corr
0.51	RTDYX	Select Equity	Pair Corr
0.51	RTDSX	Select Equity	Pair Corr
0.51	RTDRX	Select Equity	Pair Corr
0.51	RTDTX	Select Equity	Pair Corr
0.5	RTDCX	Multifactor Equity	Pair Corr
0.5	RTLCX	Tax Managed Large	Pair Corr
0.47	RTLAX	Tax Managed Large	Pair Corr
0.47	RTMTX	Tax Managed Large	Pair Corr

Related Correlations Analysis

	FYMNX	ICAXX	MBSAX	BBINX	GTFBX	FACCX	MSTBX
FYMNX		0.0	0.77	0.92	0.97	0.79	0.7	FYMNX
ICAXX	0.0		0.0	0.0	0.0	0.0	0.0	ICAXX
MBSAX	0.77	0.0		0.8	0.81	0.68	0.79	MBSAX
BBINX	0.92	0.0	0.8		0.96	0.93	0.84	BBINX
GTFBX	0.97	0.0	0.81	0.96		0.89	0.77	GTFBX
FACCX	0.79	0.0	0.68	0.93	0.89		0.8	FACCX
MSTBX	0.7	0.0	0.79	0.84	0.77	0.8		MSTBX
	FYMNX	ICAXX	MBSAX	BBINX	GTFBX	FACCX	MSTBX

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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

GTFBX	+ 0.97	FYMNX
GTFBX	+ 0.96	BBINX
FACCX	+ 0.93	BBINX
BBINX	+ 0.92	FYMNX
FACCX	+ 0.89	GTFBX
MSTBX	+ 0.84	BBINX

High negative correlations

MSTBX	- 0.0	ICAXX
FACCX	- 0.0	ICAXX
GTFBX	- 0.0	ICAXX
BBINX	- 0.0	ICAXX
MBSAX	- 0.0	ICAXX
ICAXX	- 0.0	FYMNX

Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Real 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 Global Real'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
FYMNX	0.13	0.02	(0.32)	(0.06)	0.17	(0.20)	0.37	(0.28)	1.39
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MBSAX	0.21	0.00	(0.34)	0.11	0.23	(0.23)	0.37	(0.44)	1.48
BBINX	0.11	0.00	(0.43)	0.06	0.15	(0.19)	0.29	(0.29)	1.07
GTFBX	0.17	0.02	(0.30)	(0.04)	0.23	(0.27)	0.46	(0.45)	1.65
FACCX	0.15	0.01	(0.39)	0.07	0.22	(0.22)	0.39	(0.39)	1.48
MSTBX	0.10	0.00	(0.72)	0.00	0.10	(0.15)	0.21	(0.21)	0.72

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