Growth Strategy Correlations

Mutual Funds . USA . 
Fund . Growth Strategy Fund
RALVX Fund  USD 13.89  0.01  0.07%   
The current 90-days correlation between Growth Strategy and International Developed Markets is -0.09 (i.e., Good 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 -0.18 (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 unemployment.

Moving together with Growth Mutual Fund

  0.91RNTTX International DevelopedPairCorr
  0.84RREAX Global Real EstatePairCorr
  0.78RREYX Global Real EstatePairCorr
  0.77RRESX Global Real EstatePairCorr
  0.74RRSCX Global Real EstatePairCorr
  0.78RRSRX Global Real EstatePairCorr
  0.99RALAX Growth StrategyPairCorr
  0.97RALCX Growth StrategyPairCorr
  0.97RALSX Growth StrategyPairCorr
  0.97RALRX Growth StrategyPairCorr
  0.89RSBRX Strategic BondPairCorr
  0.72RSBTX Short Duration BondPairCorr
  0.94RSBYX Short Duration BondPairCorr
  0.88RSCRX Us Small CapPairCorr
  0.76RSBCX Short Duration BondPairCorr
  0.99RSECX Us Strategic EquityPairCorr
  0.99RSESX Us Strategic EquityPairCorr
  0.91RSDTX Short Duration BondPairCorr
  0.99RAZAX Multi Asset GrowthPairCorr
  0.96RAZCX Multi Asset GrowthPairCorr
  0.79RBCUX Tax Exempt BondPairCorr
  0.89RSYTX Strategic BondPairCorr
  0.97RBLCX Balanced StrategyPairCorr
  1.0RBLAX Balanced StrategyPairCorr
  1.0RBLSX Balanced StrategyPairCorr
  0.97RBLVX Balanced StrategyPairCorr
  0.97RBLRX Balanced StrategyPairCorr
  0.99RTDAX Multifactor EquityPairCorr
  0.99RTDYX Select EquityPairCorr
  0.96RTDSX Select EquityPairCorr
  1.0RTDRX Select EquityPairCorr
  1.0RTDTX Select EquityPairCorr
  0.92RTEAX Tax Exempt BondPairCorr
  0.92RTECX Tax Exempt BondPairCorr
  0.73RTHAX Tax Exempt HighPairCorr
  0.87RTHCX Tax Exempt HighPairCorr
  0.9RTHSX Tax Exempt HighPairCorr
  0.9RTISX Select InternationalPairCorr
  0.95RTIRX Select InternationalPairCorr

Related Correlations Analysis


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  0.56  0.01  0.00  0.06  0.67 
(0.57)
 1.11 
(1.01)
 4.16 
RREAX  0.55  0.01 (0.05) 0.62  0.67 
(0.57)
 1.19 
(1.15)
 3.11 
RREYX  0.55 (0.01)(0.05) 0.03  0.66 
(0.58)
 1.22 
(1.18)
 3.12 
RRESX  0.56 (0.02)(0.05) 0.03  0.68 
(0.57)
 1.22 
(1.14)
 3.15 
RRSCX  0.56 (0.02)(0.05) 0.02  0.67 
(0.58)
 1.19 
(1.15)
 3.14 
RRSRX  0.55 (0.01)(0.05) 0.03  0.67 
(0.58)
 1.22 
(1.14)
 3.13 
RALAX  0.39  0.08  0.03 (0.48) 0.42 
(0.42)
 0.97 
(0.61)
 3.34 
RALCX  0.38  0.03  0.02  0.09  0.44 
(0.41)
 0.89 
(0.64)
 3.31 
RALSX  0.37  0.03  0.03  0.10  0.39 
(0.42)
 0.94 
(0.57)
 3.31 
RALRX  0.38  0.03  0.03  0.10  0.38 
(0.42)
 0.95 
(0.59)
 3.24 

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