Us Defensive Correlations
| REUYX Fund | USD 42.98 0.01 0.02% |
The current 90-days correlation between Us Defensive Equity and Diversified Bond Fund is 0.3 (i.e., Weak diversification). The correlation of Us Defensive 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.
Us Defensive Correlation With Market
Weak diversification
The correlation between Us Defensive Equity and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Defensive Equity and DJI in the same portfolio, assuming nothing else is changed.
REUYX |
Moving together with REUYX Mutual Fund
| 0.7 | RALAX | Growth Strategy | PairCorr |
| 0.73 | RALCX | Growth Strategy | PairCorr |
| 0.69 | RALSX | Growth Strategy | PairCorr |
| 0.69 | RALRX | Growth Strategy | PairCorr |
| 0.71 | RALVX | Growth Strategy | PairCorr |
| 0.91 | RSCRX | Us Small Cap | PairCorr |
| 0.95 | RSECX | Us Strategic Equity | PairCorr |
| 0.95 | RSEAX | Us Strategic Equity | PairCorr |
| 0.95 | RSESX | Us Strategic Equity | PairCorr |
| 0.87 | RSQAX | Us E Equity | PairCorr |
| 0.98 | RTDAX | Multifactor Equity | PairCorr |
| 0.98 | RTDCX | Multifactor Equity | PairCorr |
| 0.98 | RTDYX | Select Equity | PairCorr |
| 0.98 | RTDSX | Select Equity | PairCorr |
| 0.98 | RTDRX | Select Equity | PairCorr |
| 0.98 | RTDTX | Select Equity | PairCorr |
Moving against REUYX Mutual Fund
| 0.41 | RSBTX | Short Duration Bond | PairCorr |
| 0.41 | RSBYX | Short Duration Bond | PairCorr |
| 0.41 | RSBCX | Short Duration Bond | PairCorr |
| 0.4 | RSDTX | Short Duration Bond | PairCorr |
Related Correlations Analysis
| -0.47 | 0.95 | 0.85 | 0.94 | 0.84 | CDBCX | ||
| -0.47 | -0.41 | -0.24 | -0.37 | -0.25 | SRDAX | ||
| 0.95 | -0.41 | 0.88 | 0.93 | 0.84 | EIIMX | ||
| 0.85 | -0.24 | 0.88 | 0.95 | 0.95 | QDARX | ||
| 0.94 | -0.37 | 0.93 | 0.95 | 0.96 | DLTZX | ||
| 0.84 | -0.25 | 0.84 | 0.95 | 0.96 | TFCAX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between REUYX Mutual Fund performing well and Us Defensive 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 Us Defensive'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDBCX | 0.23 | 0.01 | 0.24 | 0.27 | 0.22 | 0.56 | 1.34 | |||
| SRDAX | 0.16 | 0.00 | 0.27 | (2.13) | 0.16 | 0.29 | 0.76 | |||
| EIIMX | 0.31 | 0.03 | 0.23 | 0.38 | 0.28 | 0.63 | 1.91 | |||
| QDARX | 0.08 | 0.04 | 0.89 | 1.36 | 0.00 | 0.25 | 0.49 | |||
| DLTZX | 0.08 | 0.01 | 0.46 | 0.67 | 0.00 | 0.26 | 0.64 | |||
| TFCAX | 0.02 | 0.00 | 0.00 | (0.28) | 0.00 | 0.10 | 0.40 |