Redwood Alphafactor Correlations

RWIIX Fund

USD 14.41 0.03 0.21%

The current 90-days correlation between Redwood Alphafactor and Moderately Aggressive Balanced is 0.1 (i.e., Average diversification). The correlation of Redwood Alphafactor 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.

Redwood Alphafactor Correlation With Market

Significant diversification

The correlation between Redwood Alphafactor Tactical and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redwood Alphafactor Tactical 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 Redwood Alphafactor Tactical. 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 Redwood Mutual Fund

1.0	RWINX	Redwood Alphafactor	Pair Corr
0.83	VGTSX	Vanguard Total Inter	Pair Corr
0.83	VTIAX	Vanguard Total Inter	Pair Corr
0.83	VTSNX	Vanguard Total Inter	Pair Corr
0.83	VTPSX	Vanguard Total Inter	Pair Corr
0.83	VTISX	Vanguard Total Inter	Pair Corr
0.74	VTMGX	Vanguard Developed	Pair Corr
0.63	VDVIX	Vanguard Developed	Pair Corr
0.74	VTMNX	Vanguard Developed	Pair Corr
0.63	VDIPX	Vanguard Developed	Pair Corr
0.71	FSPSX	Fidelity International	Pair Corr

Related Correlations Analysis

	SAMAX	TDIFX	TLRRX	MODRX	RERPX	URFRX	PGFCX
SAMAX		0.46	0.52	0.22	0.46	0.82	0.44	SAMAX
TDIFX	0.46		0.98	0.31	0.86	0.65	0.87	TDIFX
TLRRX	0.52	0.98		0.35	0.84	0.68	0.84	TLRRX
MODRX	0.22	0.31	0.35		0.38	0.34	0.3	MODRX
RERPX	0.46	0.86	0.84	0.38		0.81	0.89	RERPX
URFRX	0.82	0.65	0.68	0.34	0.81		0.69	URFRX
PGFCX	0.44	0.87	0.84	0.3	0.89	0.69		PGFCX
	SAMAX	TDIFX	TLRRX	MODRX	RERPX	URFRX	PGFCX

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Risk-Adjusted Indicators

There is a big difference between Redwood Mutual Fund performing well and Redwood Alphafactor 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 Redwood Alphafactor'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
SAMAX	0.43	0.00	(0.08)	0.12	0.39	(0.49)	1.00	(0.83)	2.71
TDIFX	0.16	(0.02)	(0.51)	0.02	0.14	(0.19)	0.35	(0.26)	0.95
TLRRX	0.23	(0.03)	(0.37)	0.02	0.24	(0.27)	0.44	(0.52)	1.41
MODRX	0.28	(0.04)	0.00	(0.25)	0.00	0.00	0.72	(0.63)	1.52
RERPX	0.27	0.00	(0.31)	0.05	0.32	(0.30)	0.55	(0.62)	1.58
URFRX	0.45	0.02	(0.17)	(6.35)	0.52	(0.51)	0.95	(0.80)	2.75
PGFCX	0.23	0.01	(0.34)	0.57	0.21	(0.28)	0.48	(0.48)	1.43

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Redwood Alphafactor Correlations

Redwood Alphafactor Correlation With Market

Significant diversification

Moving together with Redwood Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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