Real Return Correlations

PRRIX Fund  USD 10.25  0.02  0.19%   
The current 90-days correlation between Real Return Fund and City National Rochdale is 0.18 (i.e., Average diversification). The correlation of Real Return 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Real Return Fund. 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 Real Mutual Fund

  0.68VIPSX Vanguard Inflation-protecPairCorr
  0.67VIPIX Vanguard InflationPairCorr
  0.66FLIBX American Funds InflationPairCorr
  0.84FIBLX American Funds InflationPairCorr
  0.8BFICX American Funds InflationPairCorr
  0.82BFIAX American Funds InflationPairCorr
  0.83BFIFX American Funds InflationPairCorr
  0.93PARRX Real Return FundPairCorr
  0.92PRLPX Pimco Real ReturnPairCorr
  0.64FFBTX Fidelity Freedom BlendPairCorr
  0.66GAAVX Gmo Alternative AlloPairCorr
  0.62GQLOX Gmo Quality FundPairCorr

Moving against Real Mutual Fund

  0.63MCD McDonaldsPairCorr
  0.47VZ Verizon Communications Earnings Call This WeekPairCorr
  0.39KO Coca Cola Earnings Call This WeekPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Return 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 Real Return'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.