Strategic Bond Correlations

Mutual Funds . USA . 
Fund . Strategic Bond Fund
RFCCX Fund  USD 8.90  0.02  0.23%   
The current 90-days correlation between Strategic Bond and Equity Growth Strategy is -0.05 (i.e., Good diversification). The correlation of Strategic Bond 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.

Strategic Bond Correlation With Market

Good diversification

The correlation between Strategic Bond Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Bond 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 Strategic Bond 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 main economic indicators.

Moving together with Strategic Mutual Fund

  0.63RNTTX International DevelopedPairCorr
  0.68RREAX Global Real EstatePairCorr
  0.68RREYX Global Real EstatePairCorr
  0.68RRESX Global Real EstatePairCorr
  0.68RRSCX Global Real EstatePairCorr
  0.68RRSRX Global Real EstatePairCorr
  0.67RALAX Growth StrategyPairCorr
  0.67RALCX Growth StrategyPairCorr
  0.67RALSX Growth StrategyPairCorr
  0.68RALRX Growth StrategyPairCorr
  0.67RALVX Growth StrategyPairCorr
  0.92RSBRX Strategic BondPairCorr
  0.9RSBTX Short Duration BondPairCorr
  0.86RSBYX Short Duration BondPairCorr
  0.66RSCRX Us Small CapPairCorr
  0.88RSBCX Short Duration BondPairCorr
  0.64RSECX Us Strategic EquityPairCorr
  0.65RSEAX Us Strategic EquityPairCorr
  0.65RSESX Us Strategic EquityPairCorr
  0.86RSDTX Short Duration BondPairCorr
  0.71RAZAX Multi Asset GrowthPairCorr
  0.71RAZCX Multi Asset GrowthPairCorr
  0.7RSQAX Us E EquityPairCorr
  0.8RBCUX Tax Exempt BondPairCorr
  0.92RSYTX Strategic BondPairCorr
  0.7RBLCX Balanced StrategyPairCorr
  0.7RBLAX Balanced StrategyPairCorr
  0.7RBLSX Balanced StrategyPairCorr
  0.7RBLVX Balanced StrategyPairCorr
  0.69RBLRX Balanced StrategyPairCorr
  0.64RTDAX Multifactor EquityPairCorr
  0.64RTDCX Multifactor EquityPairCorr
  0.64RTDYX Select EquityPairCorr
  0.64RTDSX Select EquityPairCorr
  0.64RTDRX Select EquityPairCorr
  0.64RTDTX Select EquityPairCorr
  0.77RTEAX Tax Exempt BondPairCorr
  0.77RTECX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Bond 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 Strategic Bond'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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