Rice Hall Correlations

RHJSX Fund

USD 19.71 0.22 1.10%

The current 90-days correlation between Rice Hall James and Dreyfus Strategic Value is 0.52 (i.e., Very weak diversification). The correlation of Rice Hall 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.

Rice Hall Correlation With Market

Weak diversification

The correlation between Rice Hall James and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rice Hall James 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 Rice Hall James. 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 state.

Moving together with Rice Mutual Fund

0.81	VSGAX	Vanguard Small Cap	Pair Corr
0.82	VSGIX	Vanguard Small Cap	Pair Corr
0.82	VISGX	Vanguard Small Cap	Pair Corr
0.93	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.77	JGMIX	Janus Triton	Pair Corr
0.77	JGMRX	Janus Triton	Pair Corr
0.77	JGMAX	Janus Triton	Pair Corr
0.77	JGMCX	Janus Triton	Pair Corr
0.75	JGMNX	Janus Triton	Pair Corr
0.81	ASG	Liberty All Star	Pair Corr
0.81	IIF	Morgan Stanley India	Pair Corr
0.83	IFN	India Closed Normal Trading	Pair Corr
0.63	CRF	Cornerstone Strategic	Pair Corr

Moving against Rice Mutual Fund

0.76	LIFAX	Lord Abbett Inflation	Pair Corr
0.71	FSUGX	American Funds Government	Pair Corr
0.6	ACCSX	Access Capital Munity	Pair Corr
0.59	VMSAX	Vanguard Multi Sector	Pair Corr
0.58	NEZYX	Loomis Sayles Strategic	Pair Corr
0.51	RYWTX	Emerging Markets	Pair Corr
0.45	OWCIX	Old Westbury Credit	Pair Corr
0.44	BRKRX	Mfs Blended Research	Pair Corr
0.38	DMFZX	Destinations Municipal	Pair Corr
0.35	FHYIX	Franklin High Yield	Pair Corr
0.34	MIPIX	Matthews Asia Dividend	Pair Corr
0.88	FXIDX	Fixed Income Shares	Pair Corr
0.8	HIMZX	Virtus Low Duration	Pair Corr
0.69	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.64	HFHCX	Hartford Floating	Pair Corr

Related Correlations Analysis

	DAGVX	PSLAX	BRAGX	BPSCX	HRTVX
DAGVX		0.54	0.68	0.46	0.21	DAGVX
PSLAX	0.54		0.94	0.9	0.84	PSLAX
BRAGX	0.68	0.94		0.78	0.64	BRAGX
BPSCX	0.46	0.9	0.78		0.83	BPSCX
HRTVX	0.21	0.84	0.64	0.83		HRTVX
	DAGVX	PSLAX	BRAGX	BPSCX	HRTVX

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Risk-Adjusted Indicators

There is a big difference between Rice Mutual Fund performing well and Rice Hall 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 Rice Hall'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
DAGVX	0.64	0.05	0.07	(0.01)	0.92	(0.62)	1.26	(1.61)	3.81
PSLAX	0.90	(0.11)	0.00	(0.19)	0.00	0.00	1.39	(2.37)	4.62
BRAGX	1.12	(0.04)	0.00	(0.11)	0.00	0.00	1.67	(2.89)	5.44
BPSCX	1.04	(0.25)	0.00	(0.34)	0.00	0.00	1.51	(2.12)	12.69
HRTVX	0.99	(0.20)	0.00	(0.29)	0.00	0.00	1.48	(2.46)	6.89

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