Rainier International Correlations

Mutual Funds . USA . 
Fund . Rainier International Discovery
RISAX Fund  USD 27.92  0.01  0.04%   
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

Very weak diversification

The correlation between Rainier International Discover and DJI is 0.43 (i.e., Very weak 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 nation.

Moving together with Rainier Mutual Fund

  0.9CEIIX Manning Napier CallodinePairCorr
  0.91CEIZX Manning Napier CallodinePairCorr
  0.91CEISX Manning Napier CallodinePairCorr
  0.95MNBAX Pro Blend ExtendedPairCorr
  0.95MNBIX Pro Blend ExtendedPairCorr
  0.88MNCPX Unconstrained Bond SeriesPairCorr
  0.96MNCRX Pro Blend ServativePairCorr
  0.96MNCWX Manning Napier ProPairCorr
  0.95MNDFX Disciplined Value SeriesPairCorr
  0.95MNBRX Pro-blend(r) ExtendedPairCorr
  0.95MNBWX Manning Napier ProPairCorr
  0.96MNCCX Pro Blend ServativePairCorr
  0.96MNCIX Pro-blend(r) ConservativePairCorr
  0.93MNDWX Manning Napier DiverPairCorr
  0.95MNECX Pro Blend ExtendedPairCorr
  0.93MNHCX Pro-blend(r) MaximumPairCorr
  0.97MNHAX High Yield BondPairCorr
  0.94MNHIX Pro Blend MaximumPairCorr
  0.94MNHRX Pro-blend(r) MaximumPairCorr
  0.94MNHWX Manning Napier ProPairCorr
  0.97MNHYX High Yield BondPairCorr
  0.95MNMCX Pro-blend(r) ModeratePairCorr
  0.96MNMIX Pro-blend(r) ModeratePairCorr
  0.96MNMRX Pro-blend(r) ModeratePairCorr
  0.96MNMWX Manning Napier ProPairCorr
  0.87MNOSX Manning Napier OverseasPairCorr
  0.73MNOWX Manning Napier OverseasPairCorr
  0.87MNOZX Manning Napier OverseasPairCorr
  1.0RAIIX Rainier InternationalPairCorr
  1.0RAIRX Rainier InternationalPairCorr
  1.0RAIWX Manning Napier RainierPairCorr
  0.88MCDIX Manning Napier CreditPairCorr
  0.68MCBWX Manning Napier CorePairCorr
  0.65MCBZX Manning Napier CorePairCorr
  0.87MCDSX Manning Napier CreditPairCorr
  0.88MCDWX Manning Napier CreditPairCorr
  0.89MUBWX Manning Napier UnconPairCorr
  0.95MDFSX Disciplined Value SeriesPairCorr
  0.95MDVWX Manning Napier DisciPairCorr
  0.94MDVZX 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.

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