Resq Dynamic Correlations

RQECX Fund

USD 10.78 0.08 0.75%

The current 90-days correlation between Resq Dynamic Allocation and Alphacentric Lifesci Healthcare is -0.14 (i.e., Good diversification). The correlation of Resq Dynamic 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.

Resq Dynamic Correlation With Market

Very weak diversification

The correlation between Resq Dynamic Allocation and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resq Dynamic Allocation 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 Resq Dynamic Allocation. 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 Resq Mutual Fund

0.94	PAALX	All Asset Fund	Pair Corr
0.94	PATRX	Pimco All Asset	Pair Corr
0.94	PAAIX	All Asset Fund	Pair Corr
0.94	PALPX	Pimco All Asset	Pair Corr
0.91	PASAX	All Asset Fund	Pair Corr
0.94	PASCX	All Asset Fund	Pair Corr
0.94	PAANX	Pimco All Asset	Pair Corr
0.9	PAUPX	Pimco All Asset	Pair Corr
0.9	PAUIX	Pimco All Asset	Pair Corr
0.61	FGPMX	Franklin Gold And Steady Growth	Pair Corr
0.61	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr

Moving against Resq Mutual Fund

0.53	MCD	McDonalds	Pair Corr
0.46	TRV	The Travelers Companies	Pair Corr
0.33	WMT	Walmart Sell-off Trend	Pair Corr

Related Correlations Analysis

	LYFAX	PGHAX	ETAHX	GTHIX	RAGHX	SCHLX
LYFAX		0.75	0.43	0.63	0.64	0.98	LYFAX
PGHAX	0.75		0.15	0.77	0.34	0.75	PGHAX
ETAHX	0.43	0.15		0.51	0.47	0.36	ETAHX
GTHIX	0.63	0.77	0.51		0.56	0.62	GTHIX
RAGHX	0.64	0.34	0.47	0.56		0.71	RAGHX
SCHLX	0.98	0.75	0.36	0.62	0.71		SCHLX
	LYFAX	PGHAX	ETAHX	GTHIX	RAGHX	SCHLX

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Risk-Adjusted Indicators

There is a big difference between Resq Mutual Fund performing well and Resq Dynamic 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 Resq Dynamic'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LYFAX	0.82	0.04	(0.17)	0.03	1.18	(0.78)	1.61	(1.91)	4.77
PGHAX	0.89	(0.16)	(0.15)	0.01	1.26	(0.86)	1.70	(2.26)	4.65
ETAHX	1.14	0.33	0.04	(0.98)	1.25	(1.21)	2.41	(1.87)	7.62
GTHIX	0.78	(0.13)	(0.14)	0.05	1.11	(0.71)	1.63	(1.82)	4.20
RAGHX	0.86	0.08	(0.14)	(0.14)	1.16	(0.88)	1.85	(2.11)	5.85
SCHLX	0.88	0.04	(0.15)	0.03	1.29	(0.84)	1.76	(2.20)	5.11

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