Rainier International Correlations

Mutual Funds . USA . 
Fund . Rainier International Discovery
RAIIX Fund  USD 28.40  0.05  0.18%   
The current 90-days correlation between Rainier International and Manning Napier Callodine is 0.41 (i.e., Very weak diversification). The correlation of Rainier International 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.

Rainier International Correlation With Market

Good diversification

The correlation between Rainier International Discover and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rainier International Discover 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 Rainier International Discovery. 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 Rainier Mutual Fund

  0.92CEIIX Manning Napier CallodinePairCorr
  0.92CEIZX Manning Napier CallodinePairCorr
  0.93CEISX Manning Napier CallodinePairCorr
  0.95MNBAX Pro Blend ExtendedPairCorr
  0.95MNBIX Pro Blend ExtendedPairCorr
  0.89MNCPX Unconstrained Bond SeriesPairCorr
  0.95MNCRX Pro Blend ServativePairCorr
  0.97MNCWX Manning Napier ProPairCorr
  0.95MNDFX Disciplined Value SeriesPairCorr
  0.95MNBRX Pro-blend(r) ExtendedPairCorr
  0.95MNBWX Manning Napier ProPairCorr
  0.95MNCCX Pro Blend ServativePairCorr
  0.96MNCIX Pro-blend(r) ConservativePairCorr
  0.95MNDWX Manning Napier DiverPairCorr
  0.95MNECX Pro Blend ExtendedPairCorr
  0.95MNHCX Pro-blend(r) MaximumPairCorr
  0.97MNHAX High Yield BondPairCorr
  0.94MNHIX Pro Blend MaximumPairCorr
  0.94MNHRX Pro-blend(r) MaximumPairCorr
  0.95MNHWX Manning Napier ProPairCorr
  0.97MNHYX High Yield BondPairCorr
  0.95MNMCX Pro-blend(r) ModeratePairCorr
  0.96MNMIX Pro-blend(r) ModeratePairCorr
  0.95MNMRX Pro-blend(r) ModeratePairCorr
  0.96MNMWX Manning Napier ProPairCorr
  0.88MNOSX Manning Napier OverseasPairCorr
  0.77MNOWX Manning Napier OverseasPairCorr
  0.88MNOZX Manning Napier OverseasPairCorr
  0.99RAIRX Rainier InternationalPairCorr
  0.99RAIWX Manning Napier RainierPairCorr
  0.89MCDIX Manning Napier CreditPairCorr
  0.67MCBWX Manning Napier CorePairCorr
  0.67MCBZX Manning Napier CorePairCorr
  0.89MCDSX Manning Napier CreditPairCorr
  0.88MCDWX Manning Napier CreditPairCorr
  0.9MUBWX Manning Napier UnconPairCorr
  0.95MDFSX Disciplined Value SeriesPairCorr
  0.95MDVWX Manning Napier DisciPairCorr
  0.95MDVZX Manning Napier DisciPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Rainier Mutual Fund performing well and Rainier International 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 Rainier International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CEIIX  0.87  0.23  0.08 (1.44) 0.75 
(1.06)
 2.25 
(1.50)
 6.09 
CEIZX  0.88  0.23  0.08 (1.41) 0.75 
(1.07)
 2.42 
(1.50)
 5.94 
CEISX  0.86  0.23  0.08 (1.41) 0.76 
(1.05)
 2.43 
(1.51)
 5.96 
MNBAX  0.40  0.03 (0.05) 0.19  0.31 
(0.46)
 1.18 
(0.69)
 2.61 
MNBIX  0.39  0.03 (0.05) 0.20  0.30 
(0.45)
 1.18 
(0.69)
 2.57 
MNCPX  0.11  0.02 (0.62) 7.28  0.00 
(0.17)
 0.21 
(0.20)
 0.72 
MNCRX  0.20  0.02 (0.27) 0.22  0.00 
(0.26)
 0.45 
(0.45)
 1.53 
MNCWX  0.21  0.06 (0.24)(2.23) 0.00 
(0.28)
 0.55 
(0.38)
 1.45 
MNDFX  0.64  0.03  0.01  0.18  0.59 
(0.77)
 1.67 
(1.05)
 4.75 
MNBRX  0.39  0.03 (0.06) 0.19  0.31 
(0.44)
 1.18 
(0.69)
 2.57 

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