Strategic Bond Correlations

Mutual Funds . USA . 
Fund . Strategic Bond Fund
RFCCX Fund  USD 8.99  0.01  0.11%   
The current 90-days correlation between Strategic Bond and Deutsche Gold Precious is -0.04 (i.e., Good diversification). The correlation of Strategic Bond 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.

Strategic Bond Correlation With Market

Significant diversification

The correlation between Strategic Bond Fund and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Bond 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 Strategic Bond 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 main economic indicators.

Moving together with Strategic Mutual Fund

  0.88RNTTX International DevelopedPairCorr
  0.63RREAX Global Real EstatePairCorr
  0.64RREYX Global Real EstatePairCorr
  0.64RRESX Global Real EstatePairCorr
  0.61RRSCX Global Real EstatePairCorr
  0.64RRSRX Global Real EstatePairCorr
  1.0RSBRX Strategic BondPairCorr
  0.94RSBTX Short Duration BondPairCorr
  0.94RSBYX Short Duration BondPairCorr
  0.95RSBCX Short Duration BondPairCorr
  0.95RSDTX Short Duration BondPairCorr
  0.65RAZAX Multi Asset GrowthPairCorr
  0.63RAZCX Multi Asset GrowthPairCorr
  0.85RBCUX Tax Exempt BondPairCorr
  1.0RSYTX Strategic BondPairCorr
  0.83RTEAX Tax Exempt BondPairCorr
  0.8RTECX Tax Exempt BondPairCorr
  0.73RTHAX Tax Exempt HighPairCorr
  0.7RTHCX Tax Exempt HighPairCorr

Moving against Strategic Mutual Fund

  0.54RSCRX Us Small CapPairCorr
  0.42RSECX Us Strategic EquityPairCorr
  0.42RSEAX Us Strategic EquityPairCorr
  0.42RSESX Us Strategic EquityPairCorr
  0.55RTLCX Tax Managed LargePairCorr
  0.53RTLAX Tax Managed LargePairCorr
  0.53RTMTX Tax Managed LargePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Strategic Mutual Fund performing well and Strategic Bond 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 Strategic Bond'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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