Real Return Correlations

PRRIX Fund

USD 10.28 0.01 0.1%

The current 90-days correlation between Real Return Fund and Eip Growth And is 0.15 (i.e., Average diversification). The correlation of Real Return 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 Return Correlation With Market

Average diversification

The correlation between Real Return Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Real Return Fund 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 Real Return Fund. 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 gross domestic product.

Moving together with REAL Mutual Fund

1.0	VIPSX	Vanguard Inflation-protec	Pair Corr
1.0	VIPIX	Vanguard Inflation-protec	Pair Corr
1.0	VAIPX	Vanguard Inflation-protec	Pair Corr
0.99	FLIBX	American Funds Inflation	Pair Corr
0.99	FIBLX	American Funds Inflation	Pair Corr
0.99	BFICX	American Funds Inflation	Pair Corr
0.99	BFIAX	American Funds Inflation	Pair Corr
0.99	BFIFX	American Funds Inflation	Pair Corr
1.0	PARRX	Real Return Fund	Pair Corr
1.0	PRLPX	Pimco Real Return	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.79	VZ	Verizon Communications	Pair Corr
0.66	IBM	International Business	Pair Corr
0.96	JNJ	Johnson Johnson	Pair Corr
0.75	KO	Coca Cola	Pair Corr
0.76	GE	GE Aerospace	Pair Corr

Moving against REAL Mutual Fund

0.58	RYCCX	Nasdaq 100 2x	Pair Corr
0.58	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.57	RYVLX	Nasdaq 100 2x	Pair Corr
0.57	RYVYX	Nasdaq 100 2x	Pair Corr
0.57	UOPIX	Ultra Nasdaq 100	Pair Corr
0.56	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.38	INPIX	Internet Ultrasector	Pair Corr
0.38	INPSX	Internet Ultrasector	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.53	MSFT	Microsoft	Pair Corr
0.45	AXP	American Express	Pair Corr
0.41	MRK	Merck Company	Pair Corr
0.39	BAC	Bank of America	Pair Corr
0.31	HD	Home Depot	Pair Corr

Related Correlations Analysis

	EIPFX	SRGAX	GGRYX	GCIGX	CDGCX	UPDDX	MSSGX
EIPFX		0.55	0.69	0.44	0.18	0.31	0.13	EIPFX
SRGAX	0.55		0.94	0.37	0.61	0.69	0.67	SRGAX
GGRYX	0.69	0.94		0.57	0.58	0.55	0.41	GGRYX
GCIGX	0.44	0.37	0.57		0.6	-0.05	-0.24	GCIGX
CDGCX	0.18	0.61	0.58	0.6		0.09	0.29	CDGCX
UPDDX	0.31	0.69	0.55	-0.05	0.09		0.71	UPDDX
MSSGX	0.13	0.67	0.41	-0.24	0.29	0.71		MSSGX
	EIPFX	SRGAX	GGRYX	GCIGX	CDGCX	UPDDX	MSSGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GGRYX	+ 0.94	SRGAX
MSSGX	+ 0.71	UPDDX
GGRYX	+ 0.69	EIPFX
UPDDX	+ 0.69	SRGAX
MSSGX	+ 0.67	SRGAX
CDGCX	+ 0.61	SRGAX

High negative correlations

MSSGX	- 0.24	GCIGX
UPDDX	- 0.05	GCIGX

Risk-Adjusted Indicators

There is a big difference between REAL Mutual Fund performing well and Real Return 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 Return'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
EIPFX	0.83	0.01	0.00	(0.04)	0.00	0.00	1.69	(1.72)	7.28
SRGAX	0.64	0.00	0.00	(0.07)	0.00	0.00	1.25	(1.51)	3.64
GGRYX	0.53	0.02	0.00	(0.04)	0.00	0.00	1.01	(1.15)	3.13
GCIGX	0.79	0.03	0.06	0.57	1.44	(0.73)	1.83	(1.43)	5.76
CDGCX	0.66	(0.04)	0.00	(0.13)	0.00	0.00	1.12	(1.61)	7.00
UPDDX	2.00	(0.12)	0.00	(1.13)	0.00	0.00	3.22	(5.01)	15.30
MSSGX	1.79	(0.09)	0.00	(0.14)	0.00	0.00	3.70	(3.91)	10.50

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