Rems International Correlations

REIFX Fund

USD 12.04 0.04 0.33%

The current 90-days correlation between Rems International Real and Third Avenue Value is 0.67 (i.e., Poor diversification). The correlation of Rems 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.

Rems International Correlation With Market

Good diversification

The correlation between Rems International Real and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rems International Real 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 Rems International Real. 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 census.

Moving together with Rems Mutual Fund

0.87	TAVFX	Third Avenue Value	Pair Corr
0.86	TAVZX	Third Avenue Value	Pair Corr
0.86	TVFVX	Third Avenue Value	Pair Corr
0.71	DFGEX	Dfa Global Real	Pair Corr
0.96	VGRNX	Vanguard Global Ex	Pair Corr
0.96	DFITX	Dfa International Real	Pair Corr
0.96	VGRLX	Vanguard Global Ex	Pair Corr
0.79	PGRKX	Global Real Estate	Pair Corr
0.79	PGRUX	Global Real Estate	Pair Corr
0.89	PGRVX	Global Real Estate	Pair Corr
0.79	MGLAX	Mfs Global Real	Pair Corr
0.79	MGLIX	Mfs Global Real	Pair Corr
0.82	VTISX	Vanguard Total Inter	Pair Corr
0.82	VTSNX	Vanguard Total Inter	Pair Corr
0.82	VTPSX	Vanguard Total Inter	Pair Corr

Moving against Rems Mutual Fund

0.67	VSTSX	Vanguard Total Stock	Pair Corr
0.64	TVRVX	Third Avenue Real	Pair Corr
0.64	TAREX	Third Avenue Real	Pair Corr
0.64	TARZX	Third Avenue Real	Pair Corr
0.5	TASZX	Third Avenue Small	Pair Corr
0.5	TASCX	Third Avenue Small	Pair Corr
0.49	TVSVX	Third Avenue Small	Pair Corr
0.68	SHAPX	Clearbridge Appreciation	Pair Corr
0.68	AVUNX	Avantis Equity	Pair Corr
0.67	VSMPX	Vanguard Total Stock	Pair Corr
0.67	VITSX	Vanguard Total Stock	Pair Corr
0.67	VTSAX	Vanguard Total Stock	Pair Corr
0.66	HISVX	Harbor Small Cap	Pair Corr
0.66	OCRDX	Oppenheimer Rising	Pair Corr
0.65	FTVCX	Fuller Thaler Behavioral	Pair Corr
0.64	VFFSX	Vanguard 500 Index	Pair Corr
0.64	VFIAX	Vanguard 500 Index	Pair Corr
0.64	VINIX	Vanguard Institutional	Pair Corr
0.41	SKTAX	Saat E Market	Pair Corr
0.4	DGYGX	Dreyfus Appreciation	Pair Corr
0.33	WAHSX	Western Asset High	Pair Corr

Related Correlations Analysis

	TAVFX	AIGYX	FAIRX	CSRSX
TAVFX		-0.36	0.82	0.15	TAVFX
AIGYX	-0.36		-0.29	0.71	AIGYX
FAIRX	0.82	-0.29		0.36	FAIRX
CSRSX	0.15	0.71	0.36		CSRSX
	TAVFX	AIGYX	FAIRX	CSRSX

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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

FAIRX	+ 0.82	TAVFX
CSRSX	+ 0.71	AIGYX
CSRSX	+ 0.36	FAIRX
CSRSX	+ 0.15	TAVFX

High negative correlations

AIGYX	- 0.36	TAVFX
FAIRX	- 0.29	AIGYX

Risk-Adjusted Indicators

There is a big difference between Rems Mutual Fund performing well and Rems 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 Rems 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
TAVFX	0.76	(0.11)	0.00	2.59	0.00	0.00	1.56	(1.66)	4.25
AIGYX	0.71	0.06	(0.03)	0.48	0.83	(0.78)	1.37	(1.64)	3.71
FAIRX	0.75	(0.25)	0.00	(0.21)	0.00	0.00	1.63	(1.89)	6.58
CSRSX	0.69	0.02	(0.07)	0.26	0.86	(0.70)	1.23	(1.32)	4.30

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