Redwood Real Correlations

CREMX Fund

25.18 0.01 0.04%

The current 90-days correlation between Redwood Real Estate and Gmo Global Developed is -0.07 (i.e., Good diversification). The correlation of Redwood Real 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 Real Correlation With Market

Significant diversification

The correlation between Redwood Real Estate and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redwood Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Redwood Real Estate. 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 population.

Moving together with Redwood Mutual Fund

0.9	VGTSX	Vanguard Total Inter	Pair Corr
0.9	VTIAX	Vanguard Total Inter	Pair Corr
0.82	GAAVX	Gmo Alternative Allo	Pair Corr
0.76	GABFX	Gmo Asset Allocation	Pair Corr
0.83	GHVIX	Gmo High Yield	Pair Corr
0.75	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.76	TRV	The Travelers Companies	Pair Corr
0.84	VZ	Verizon Communications	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.61	INTC	Intel	Pair Corr
0.94	JNJ	Johnson Johnson	Pair Corr
0.91	T	ATT Inc Earnings Call Today	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against Redwood Mutual Fund

0.69	GCAVX	Gmo Small Cap	Pair Corr
0.52	VTSAX	Vanguard Total Stock	Pair Corr
0.52	VTSMX	Vanguard Total Stock	Pair Corr
0.52	VITSX	Vanguard Total Stock	Pair Corr
0.52	VSTSX	Vanguard Total Stock	Pair Corr
0.52	VSMPX	Vanguard Total Stock	Pair Corr
0.52	GMCQX	Gmo Equity Allocation	Pair Corr
0.49	VFINX	Vanguard 500 Index	Pair Corr
0.48	VFIAX	Vanguard 500 Index	Pair Corr
0.48	VFFSX	Vanguard 500 Index	Pair Corr
0.88	MSFT	Microsoft	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.57	MRK	Merck Company	Pair Corr
0.54	AXP	American Express Sell-off Trend	Pair Corr

Related Correlations Analysis

	GWOAX	LFLCX	DHGCX	DBIWX	WRLDX	ANAGX	MFIRX	DODWX
GWOAX		0.86	0.68	0.96	0.94	0.72	0.8	0.7	GWOAX
LFLCX	0.86		0.87	0.94	0.9	0.92	0.97	0.71	LFLCX
DHGCX	0.68	0.87		0.8	0.8	0.97	0.87	0.64	DHGCX
DBIWX	0.96	0.94	0.8		0.94	0.85	0.91	0.72	DBIWX
WRLDX	0.94	0.9	0.8	0.94		0.8	0.84	0.75	WRLDX
ANAGX	0.72	0.92	0.97	0.85	0.8		0.93	0.64	ANAGX
MFIRX	0.8	0.97	0.87	0.91	0.84	0.93		0.59	MFIRX
DODWX	0.7	0.71	0.64	0.72	0.75	0.64	0.59		DODWX
	GWOAX	LFLCX	DHGCX	DBIWX	WRLDX	ANAGX	MFIRX	DODWX

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Risk-Adjusted Indicators

There is a big difference between Redwood Mutual Fund performing well and Redwood Real 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 Real'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
GWOAX	0.61	0.07	0.11	0.04	0.80	(0.61)	1.29	(1.14)	3.92
LFLCX	0.18	0.01	0.31	0.08	0.15	(0.21)	0.43	(0.33)	0.98
DHGCX	0.17	0.00	0.24	(0.17)	0.21	(0.22)	0.36	(0.36)	1.46
DBIWX	0.26	0.03	0.19	0.07	0.32	(0.28)	0.48	(0.58)	1.77
WRLDX	0.64	0.04	0.00	(0.01)	0.00	0.00	1.24	(1.68)	2.96
ANAGX	0.18	0.00	0.22	(0.03)	0.19	(0.27)	0.44	(0.44)	1.46
MFIRX	0.11	0.02	0.29	0.92	0.00	(0.21)	0.19	(0.19)	0.77
DODWX	0.83	(0.07)	0.00	(0.17)	0.00	0.00	1.28	(1.11)	13.09

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