Us Small Correlations

Mutual Funds USA . 
Fund . Us Small Cap
RUNTX Fund  USD 24.87  0.18  0.72%   
The current 90-days correlation between Us Small Cap and International Developed Markets is -0.17 (i.e., Good diversification). The correlation of Us Small 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.

Us Small Correlation With Market

Very poor diversification

The correlation between Us Small Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Small Cap 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 Us Small Cap. 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 estimate.

Moving together with RUNTX Mutual Fund

  0.93RNTTX International DevelopedPairCorr
  0.85RREAX Global Real EstatePairCorr
  0.85RREYX Global Real EstatePairCorr
  0.85RRESX Global Real EstatePairCorr
  0.84RRSCX Global Real EstatePairCorr
  0.85RRSRX Global Real EstatePairCorr
  0.96RALAX Growth StrategyPairCorr
  0.96RALCX Growth StrategyPairCorr
  0.96RALSX Growth StrategyPairCorr
  0.96RALRX Growth StrategyPairCorr
  0.96RALVX Growth StrategyPairCorr
  0.67RSBRX Strategic BondPairCorr
  0.87RSBTX Short Duration BondPairCorr
  0.86RSBYX Short Duration BondPairCorr
  1.0RSCRX Us Small CapPairCorr
  0.83RSBCX Short Duration BondPairCorr
  0.96RSECX Us Strategic EquityPairCorr
  0.96RSEAX Us Strategic EquityPairCorr
  0.99RSESX Us Strategic EquityPairCorr
  0.86RSDTX Short Duration BondPairCorr
  0.96RAZAX Multi Asset GrowthPairCorr
  0.98RAZCX Multi Asset GrowthPairCorr
  0.99RSQAX Us E EquityPairCorr
  0.9RBCUX Tax Exempt BondPairCorr
  0.67RSYTX Strategic BondPairCorr
  0.96RBLCX Balanced StrategyPairCorr
  0.96RBLAX Balanced StrategyPairCorr
  0.96RBLSX Balanced StrategyPairCorr
  0.98RBLVX Balanced StrategyPairCorr
  0.98RBLRX Balanced StrategyPairCorr
  0.96RTDAX Multifactor EquityPairCorr
  0.99RTDCX Multifactor EquityPairCorr
  0.96RTDYX Select EquityPairCorr
  0.96RTDSX Select EquityPairCorr
  0.96RTDRX Select EquityPairCorr
  0.96RTDTX Select EquityPairCorr
  0.9RTEAX Tax Exempt BondPairCorr
  0.88RTECX Tax Exempt BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between RUNTX Mutual Fund performing well and Us Small 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 Us Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RNTTX  0.52  0.22  0.12 (3.29) 0.27 
(0.63)
 1.40 
(0.95)
 3.12 
RREAX  0.55  0.14 (0.01)(1.30) 0.56 
(0.57)
 1.44 
(1.15)
 3.71 
RREYX  0.54  0.14 (0.01)(1.38) 0.56 
(0.56)
 1.42 
(1.17)
 3.69 
RRESX  0.55  0.14 (0.01)(1.30) 0.58 
(0.56)
 1.46 
(1.14)
 3.68 
RRSCX  0.54  0.13 (0.01)(1.27) 0.57 
(0.55)
 1.45 
(1.14)
 3.70 
RRSRX  0.54  0.14 (0.01)(1.30) 0.54 
(0.59)
 1.46 
(1.14)
 3.72 
RALAX  0.47  0.20  0.08 (2.58) 0.32 
(0.54)
 1.43 
(1.07)
 3.42 
RALCX  0.46  0.20  0.07 (2.55) 0.32 
(0.52)
 1.46 
(1.08)
 3.46 
RALSX  0.47  0.20  0.08 (2.45) 0.34 
(0.52)
 1.46 
(1.12)
 3.31 
RALRX  0.47  0.20  0.08 (2.61) 0.33 
(0.52)
 1.46 
(1.12)
 3.30 

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