Growth Strategy Correlations

Mutual Funds . USA . 
Fund . Growth Strategy Fund
RALRX Fund  USD 13.74  0.05  0.37%   
The current 90-days correlation between Growth Strategy and International Developed Markets is 0.77 (i.e., Poor diversification). The correlation of Growth Strategy 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.

Growth Strategy Correlation With Market

Good diversification

The correlation between Growth Strategy Fund and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Strategy Fund 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 Growth Strategy 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 metropolitan statistical area.

Moving together with Growth Mutual Fund

  0.97RNTTX International DevelopedPairCorr
  0.9RREAX Global Real EstatePairCorr
  0.9RREYX Global Real EstatePairCorr
  0.9RRESX Global Real EstatePairCorr
  0.89RRSCX Global Real EstatePairCorr
  0.9RRSRX Global Real EstatePairCorr
  1.0RALAX Growth StrategyPairCorr
  1.0RALCX Growth StrategyPairCorr
  1.0RALSX Growth StrategyPairCorr
  1.0RALVX Growth StrategyPairCorr
  0.67RSBRX Strategic BondPairCorr
  0.9RSBTX Short Duration BondPairCorr
  0.88RSBYX Short Duration BondPairCorr
  0.96RSCRX Us Small CapPairCorr
  0.86RSBCX Short Duration BondPairCorr
  1.0RSECX Us Strategic EquityPairCorr
  1.0RSEAX Us Strategic EquityPairCorr
  0.98RSESX Us Strategic EquityPairCorr
  0.89RSDTX Short Duration BondPairCorr
  1.0RAZAX Multi Asset GrowthPairCorr
  0.98RAZCX Multi Asset GrowthPairCorr
  0.97RSQAX Us E EquityPairCorr
  0.91RBCUX Tax Exempt BondPairCorr
  0.67RSYTX Strategic BondPairCorr
  1.0RBLCX Balanced StrategyPairCorr
  1.0RBLAX Balanced StrategyPairCorr
  1.0RBLSX Balanced StrategyPairCorr
  0.98RBLVX Balanced StrategyPairCorr
  0.99RBLRX Balanced StrategyPairCorr
  1.0RTDAX Multifactor EquityPairCorr
  0.98RTDCX Multifactor EquityPairCorr
  1.0RTDYX Select EquityPairCorr
  1.0RTDSX Select EquityPairCorr
  1.0RTDRX Select EquityPairCorr
  1.0RTDTX Select EquityPairCorr
  0.91RTEAX Tax Exempt BondPairCorr
  0.89RTECX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Strategy 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 Growth Strategy'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
RNTTX  0.52  0.22  0.12 (3.29) 0.27 
(0.63)
 1.40 
(0.95)
 3.12 
RREAX  0.55  0.14 (0.01)(1.30) 0.56 
(0.57)
 1.44 
(1.15)
 3.71 
RREYX  0.54  0.14 (0.01)(1.38) 0.56 
(0.56)
 1.42 
(1.17)
 3.69 
RRESX  0.55  0.14 (0.01)(1.30) 0.58 
(0.56)
 1.46 
(1.14)
 3.68 
RRSCX  0.54  0.13 (0.01)(1.27) 0.57 
(0.55)
 1.45 
(1.14)
 3.70 
RRSRX  0.54  0.14 (0.01)(1.30) 0.54 
(0.59)
 1.46 
(1.14)
 3.72 
RALAX  0.47  0.20  0.08 (2.58) 0.32 
(0.54)
 1.43 
(1.07)
 3.42 
RALCX  0.46  0.20  0.07 (2.55) 0.32 
(0.52)
 1.46 
(1.08)
 3.46 
RALSX  0.47  0.20  0.08 (2.45) 0.34 
(0.52)
 1.46 
(1.12)
 3.31 
RALRX  0.47  0.20  0.08 (2.61) 0.33 
(0.52)
 1.46 
(1.12)
 3.30 

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