Rainier International Correlations

Mutual Funds USA . 
Fund . Rainier International Discovery
RAIRX Fund  USD 23.90  0.03  0.13%   
The current 90-days correlation between Rainier International and Siit High Yield is 0.34 (i.e., Weak 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 metropolitan statistical area.

Moving together with Rainier Mutual Fund

  0.67MNBAX Pro-blend(r) ExtendedPairCorr
  0.84MNCRX Pro-blend(r) ConservativePairCorr
  0.72MNMCX Pro-blend(r) ModeratePairCorr
  0.73MNMWX Manning Napier ProPairCorr
  0.75EXBAX Pro-blend(r) ModeratePairCorr
  0.84EXDAX Pro-blend(r) ConservativePairCorr
  0.93OSMYX Oppenheimer Intl SmallPairCorr
  0.93OSCIX Oppenheimer Intl SmallPairCorr
  0.85OSMNX Oppenheimer Intl SmallPairCorr
  0.95TIDDX T Rowe PricePairCorr
  0.88MIDGX Mfs International NewPairCorr
  0.88MIDHX Mfs International NewPairCorr
  0.88MIDRX Mfs International NewPairCorr
  0.8SGDLX Sprott Gold EquityPairCorr
  0.71VICSX Vanguard Intermediate-terPairCorr
  0.67HRBDX Harbor Bond FundPairCorr
  0.78UTF Cohen And SteersPairCorr
  0.77HWACX Hotchkis Wiley ValuePairCorr
  0.82HTD John Hancock TaxPairCorr
  0.7ABNOX Ab Bond InflationPairCorr
  0.63USGDX Morgan Stanley GovernmentPairCorr
  0.7GIOIX Guggenheim Macro OppPairCorr
  0.64DLDFX Destinations Low DurationPairCorr
  0.82DBIWX Dws Global MacroPairCorr

Moving against Rainier Mutual Fund

  0.37SMPSX Semiconductor UltrasectorPairCorr
  0.36SMPIX Semiconductor UltrasectorPairCorr

Related Correlations Analysis

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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.

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