Real Assets Correlations

MRJSX Fund

USD 10.49 0.02 0.19%

The current 90-days correlation between Real Assets Portfolio and Barings Global Floating is 0.17 (i.e., Average diversification). The correlation of Real Assets 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.

Real Assets Correlation With Market

Modest diversification

The correlation between Real Assets Portfolio and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Assets Portfolio and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Real Assets Portfolio. 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 state.

Moving together with Real Mutual Fund

0.86	TEMUX	Emerging Markets Equity	Pair Corr
0.93	DINDX	Global Fixed Income	Pair Corr
0.92	DINCX	Global Fixed Income	Pair Corr
0.93	DINAX	Global Fixed Income	Pair Corr
0.61	MMKBX	Emerging Markets Por	Pair Corr
0.62	MMMPX	Msif Emerging Markets	Pair Corr
0.77	MNOPX	International Opportunity	Pair Corr
0.68	THYUX	High Yield Fund	Pair Corr
0.95	TIEUX	International Equity	Pair Corr
0.86	TIIUX	Core Fixed Income	Pair Corr
0.93	TILUX	Inflation Linked Fixed	Pair Corr
0.88	MORGX	Morgan Stanley Mortgage	Pair Corr
0.79	MPBAX	Global Strategist	Pair Corr
0.84	MPFDX	Corporate Bond Portfolio	Pair Corr
0.62	MRGEX	Msif Emerging Markets	Pair Corr
1.0	MRJCX	Real Assets Portfolio	Pair Corr
1.0	MRJAX	Real Assets Portfolio	Pair Corr
1.0	MRJIX	Real Assets Portfolio	Pair Corr
0.75	MRHYX	Msift High Yield	Pair Corr
0.77	MRNPX	Msif International	Pair Corr

Moving against Real Mutual Fund

0.67	MSFEX	Frontier Markets Por	Pair Corr
0.56	MSDOX	Morgan Stanley Insti	Pair Corr
0.54	MSDQX	Morgan Stanley Susta	Pair Corr
0.53	MSDUX	Morgan Stanley Insti	Pair Corr
0.48	MSCOX	Msif Small Pany Steady Growth	Pair Corr

Related Correlations Analysis

	BXFIX	XEHIX	MSTGX	GMLVX	TACLX	LMLRX
BXFIX		0.09	0.71	0.42	0.61	0.52	BXFIX
XEHIX	0.09		0.08	0.16	0.35	0.45	XEHIX
MSTGX	0.71	0.08		0.8	0.62	0.5	MSTGX
GMLVX	0.42	0.16	0.8		0.56	0.54	GMLVX
TACLX	0.61	0.35	0.62	0.56		0.93	TACLX
LMLRX	0.52	0.45	0.5	0.54	0.93		LMLRX
	BXFIX	XEHIX	MSTGX	GMLVX	TACLX	LMLRX

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Risk-Adjusted Indicators

There is a big difference between Real Mutual Fund performing well and Real Assets 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 Real Assets' 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
BXFIX	0.08	(0.01)	0.21	0.27	0.06	(0.28)	0.23	(0.12)	0.93
XEHIX	0.21	(0.04)	0.00	0.91	0.00	0.00	0.43	(0.71)	1.74
MSTGX	0.31	0.04	0.17	(0.71)	0.34	(0.34)	0.74	(0.62)	1.58
GMLVX	0.71	0.03	0.05	0.05	0.92	(0.76)	1.57	(1.62)	5.51
TACLX	0.66	0.01	0.00	(0.02)	0.00	0.00	1.28	(1.48)	3.10
LMLRX	0.33	(0.01)	0.00	(0.07)	0.00	0.00	0.61	(0.69)	2.17

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