Rainier International Correlations

RAIIX Fund

USD 23.43 0.35 1.47%

The current 90-days correlation between Rainier International and Fidelity Advisor Financial is 0.6 (i.e., Poor diversification). The correlation of Rainier International 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.

Rainier International Correlation With Market

Poor diversification

The correlation between Rainier International Discover and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rainier International Discover 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 Rainier International Discovery. 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 Rainier Mutual Fund

0.67	MNBAX	Pro-blend(r) Extended	Pair Corr
0.83	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.72	MNMCX	Pro-blend(r) Moderate	Pair Corr
0.73	MNMWX	Manning Napier Pro	Pair Corr
1.0	RAIRX	Rainier International	Pair Corr
0.75	EXBAX	Pro-blend(r) Moderate	Pair Corr
0.83	EXDAX	Pro-blend(r) Conservative	Pair Corr
0.93	OSMYX	Oppenheimer Intl Small	Pair Corr
0.93	OSCIX	Oppenheimer Intl Small	Pair Corr
0.85	OSMNX	Oppenheimer Intl Small	Pair Corr
0.94	TIDDX	T Rowe Price	Pair Corr
0.88	MIDGX	Mfs International New	Pair Corr
0.88	MIDHX	Mfs International New	Pair Corr
0.88	MIDRX	Mfs International New	Pair Corr
0.8	SGDLX	Sprott Gold Equity	Pair Corr
0.71	VICSX	Vanguard Intermediate-ter	Pair Corr
0.67	HRBDX	Harbor Bond Fund	Pair Corr
0.77	UTF	Cohen And Steers	Pair Corr
0.77	HWACX	Hotchkis Wiley Value	Pair Corr
0.82	HTD	John Hancock Tax	Pair Corr
0.69	ABNOX	Ab Bond Inflation	Pair Corr
0.63	USGDX	Morgan Stanley Government	Pair Corr
0.7	GIOIX	Guggenheim Macro Opp	Pair Corr
0.64	DLDFX	Destinations Low Duration	Pair Corr
0.82	DBIWX	Dws Global Macro	Pair Corr

Moving against Rainier Mutual Fund

0.36	SMPIX	Semiconductor Ultrasector	Pair Corr
0.36	SMPSX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	FIKBX	VMRXX	IVMXX	FMFXX	DVFYX	GCFSX	IAAEX
FIKBX		-0.02	0.0	0.0	0.75	0.38	0.38	FIKBX
VMRXX	-0.02		0.0	0.0	0.47	0.79	0.07	VMRXX
IVMXX	0.0	0.0		0.0	0.0	0.0	0.0	IVMXX
FMFXX	0.0	0.0	0.0		0.0	0.0	0.0	FMFXX
DVFYX	0.75	0.47	0.0	0.0		0.85	0.38	DVFYX
GCFSX	0.38	0.79	0.0	0.0	0.85		0.31	GCFSX
IAAEX	0.38	0.07	0.0	0.0	0.38	0.31		IAAEX
	FIKBX	VMRXX	IVMXX	FMFXX	DVFYX	GCFSX	IAAEX

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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

GCFSX	+ 0.85	DVFYX
GCFSX	+ 0.79	VMRXX
DVFYX	+ 0.75	FIKBX
DVFYX	+ 0.47	VMRXX
GCFSX	+ 0.38	FIKBX
IAAEX	+ 0.38	FIKBX

High negative correlations

VMRXX	- 0.02	FIKBX
IAAEX	- 0.0	FMFXX
GCFSX	- 0.0	FMFXX
DVFYX	- 0.0	FMFXX
IAAEX	- 0.0	IVMXX
GCFSX	- 0.0	IVMXX

Risk-Adjusted Indicators

There is a big difference between Rainier Mutual Fund performing well and Rainier International 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 Rainier International'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
FIKBX	0.85	0.01	0.00	(0.01)	0.00	0.00	1.73	(1.95)	6.29
VMRXX	0.03	0.01	0.00	(0.91)	0.00	0.00	0.00	0.00	1.01
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.80	0.10	0.10	(15.73)	1.05	(0.81)	1.65	(1.41)	6.47
GCFSX	0.71	0.12	0.14	(2.14)	0.85	(0.78)	1.80	(1.39)	4.68
IAAEX	0.78	(0.07)	0.00	1.11	0.00	0.00	1.41	(1.19)	9.17

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