Tax-exempt High Correlations
| RTHCX Fund | USD 9.27 0.03 0.32% |
The current 90-days correlation between Tax Exempt High and Gmo Quality Fund is 0.13 (i.e., Average diversification). The correlation of Tax-exempt High 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.
Tax-exempt High Correlation With Market
Average diversification
The correlation between Tax Exempt High Yield and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tax Exempt High Yield and DJI in the same portfolio, assuming nothing else is changed.
Tax-exempt |
Moving together with Tax-exempt Mutual Fund
| 0.99 | RTHAX | Tax Exempt High Potential Growth | PairCorr |
Related Correlations Analysis
| 0.96 | 0.99 | 0.98 | 0.99 | 0.99 | 0.99 | GQESX | ||
| 0.96 | 0.95 | 0.96 | 0.97 | 0.96 | 0.98 | SMPIX | ||
| 0.99 | 0.95 | 1.0 | 0.99 | 0.99 | 0.98 | RTOUX | ||
| 0.98 | 0.96 | 1.0 | 0.99 | 0.98 | 0.98 | USCAX | ||
| 0.99 | 0.97 | 0.99 | 0.99 | 1.0 | 1.0 | VHGEX | ||
| 0.99 | 0.96 | 0.99 | 0.98 | 1.0 | 1.0 | LANIX | ||
| 0.99 | 0.98 | 0.98 | 0.98 | 1.0 | 1.0 | TRSAX | ||
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Risk-Adjusted Indicators
There is a big difference between Tax-exempt Mutual Fund performing well and Tax-exempt High 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 Tax-exempt High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GQESX | 0.63 | 0.04 | 0.03 | 0.18 | 0.53 | 1.82 | 4.29 | |||
| SMPIX | 2.19 | 0.71 | 0.31 | 0.51 | 1.96 | 5.81 | 12.76 | |||
| RTOUX | 0.84 | 0.08 | 0.08 | 0.20 | 0.86 | 2.31 | 6.53 | |||
| USCAX | 0.93 | 0.11 | 0.11 | 0.23 | 0.86 | 2.30 | 6.43 | |||
| VHGEX | 0.64 | 0.16 | 0.16 | 0.33 | 0.44 | 1.97 | 5.07 | |||
| LANIX | 0.53 | 0.10 | 0.08 | 0.26 | 0.42 | 1.63 | 4.08 | |||
| TRSAX | 0.81 | 0.17 | 0.17 | 0.30 | 0.64 | 2.41 | 5.43 |