Multi-asset Growth Correlations

Mutual Funds . USA . 
Fund . Multi Asset Growth Strategy
RAZAX Fund  USD 11.33  0.03  0.27%   
The current 90-days correlation between Multi Asset Growth and Mid Cap Growth is 0.78 (i.e., Poor diversification). The correlation of Multi-asset Growth 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.

Multi-asset Growth Correlation With Market

Good diversification

The correlation between Multi Asset Growth Strategy 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 Multi Asset Growth Strategy 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 Multi Asset Growth Strategy. 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 nation.

Moving together with Multi-asset Mutual Fund

  0.7RNTTX International DevelopedPairCorr
  0.64RREAX Global Real EstatePairCorr
  0.91RREYX Global Real EstatePairCorr
  0.64RRESX Global Real EstatePairCorr
  0.9RRSCX Global Real EstatePairCorr
  0.67RRSRX Global Real EstatePairCorr
  0.67RALAX Growth StrategyPairCorr
  0.69RALCX Growth StrategyPairCorr
  0.67RALSX Growth StrategyPairCorr
  0.67RALRX Growth StrategyPairCorr
  0.67RALVX Growth StrategyPairCorr
  0.92RSBTX Short Duration BondPairCorr
  0.92RSBYX Short Duration BondPairCorr
  0.98RSCRX Us Small CapPairCorr
  0.9RSBCX Short Duration BondPairCorr
  0.99RSECX Us Strategic EquityPairCorr
  0.98RSEAX Us Strategic EquityPairCorr
  0.99RSESX Us Strategic EquityPairCorr
  0.63RSDTX Short Duration BondPairCorr
  0.75RAZCX Multi Asset GrowthPairCorr
  0.97RSQAX Us E EquityPairCorr
  0.81RBCUX Tax Exempt BondPairCorr
  0.74RSYTX Strategic BondPairCorr
  1.0RBLCX Balanced StrategyPairCorr
  0.99RBLAX Balanced StrategyPairCorr
  0.67RBLSX Balanced StrategyPairCorr
  0.67RBLVX Balanced StrategyPairCorr
  1.0RBLRX Balanced StrategyPairCorr
  0.99RTDAX Multifactor EquityPairCorr
  0.98RTDCX Multifactor EquityPairCorr
  0.99RTDYX Select EquityPairCorr
  0.67RTDSX Select EquityPairCorr
  0.99RTDRX Select EquityPairCorr
  0.65RTDTX Select EquityPairCorr
  0.92RTEAX Tax Exempt BondPairCorr
  0.9RTECX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Multi-asset Mutual Fund performing well and Multi-asset Growth 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 Multi-asset Growth'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.

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