Redwood Systematic Correlations

Mutual Funds . USA . 
Fund . Redwood Systematic Macro
RWSNX Fund  USD 16.69  0.02  0.12%   
The current 90-days correlation between Redwood Systematic Macro and Redwood Managed Volatility is 0.45 (i.e., Very weak diversification). The correlation of Redwood Systematic 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.

Redwood Systematic Correlation With Market

Very weak diversification

The correlation between Redwood Systematic Macro and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redwood Systematic Macro 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 Redwood Systematic Macro. 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 board of governors.

Moving together with Redwood Mutual Fund

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  0.71PAAIX All Asset FundPairCorr
  0.71PALPX Pimco All AssetPairCorr
  0.7PASAX All Asset FundPairCorr
  0.72PASCX All Asset FundPairCorr
  0.77PAANX Pimco All AssetPairCorr
  0.69PAUPX Pimco All AssetPairCorr
  0.75PAUIX Pimco All AssetPairCorr
  0.69FSMMX Fs Multi StrategyPairCorr
  0.79BTMPX Ishares Msci EafePairCorr
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  0.79MDIIX Blackrock Intern IndexPairCorr
  0.68SPMPX Invesco Steelpath MlpPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.67SPMJX Invesco Steelpath MlpPairCorr
  0.76CLREX Columbia BalancedPairCorr
  0.91TAAEX Transamerica Capital Steady GrowthPairCorr
  0.73AONIX One Choice PortfolioPairCorr
  0.7GCMDX Goldman Sachs LocalPairCorr
  0.65BCPAX Brandes E PlusPairCorr
  0.73BGHSX Brandywineglobal HighPairCorr
  0.91ETJ Eaton Vance RiskPairCorr
  0.76JINTX Johnson InternationalPairCorr
  0.8JIESX Jpmorgan InternationalPairCorr
  0.74ANVHX American Century NonPairCorr
  0.62VRREX Virtus Real EstatePairCorr
  0.88PARTX Putman Absolute ReturnPairCorr
  0.69PGBEX Blue Chip FundPairCorr
  0.71APDMX Artisan Mid CapPairCorr
  0.95CSGCX Calvert Balanced PorPairCorr
  0.7QIBGX Federated Mdt BalancedPairCorr
  0.92MINJX Mfs International ValuePairCorr
  0.89DNREX Dunham Real EstatePairCorr
  0.74FTZFX Fuller Thaler BehavioralPairCorr
  0.92RIV Rivernorth OpportunitiesPairCorr
  0.95SMHYX Aim Counselor SeriesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Redwood Mutual Fund performing well and Redwood Systematic 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 Redwood Systematic'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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