Rondure New Correlations

RNWIX Fund

USD 11.10 0.00 0.00%

The current 90-days correlation between Rondure New World and Pear Tree Polaris is -0.08 (i.e., Good diversification). The correlation of Rondure New 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.

Rondure New Correlation With Market

Good diversification

The correlation between Rondure New World and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rondure New World 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 Rondure New World. 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 gross domestic product.

Moving together with Rondure Mutual Fund

1.0

RNWOX

Rondure New World

Pair Corr

Moving against Rondure Mutual Fund

0.32

UIPIX

Ultrashort Mid Cap

Pair Corr

Related Correlations Analysis

	QUSIX	ARTFX	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	VIASP	AAEVX
QUSIX		-0.61	0.63	0.0	-0.11	-0.4	-0.16	0.17	-0.72	-0.57	QUSIX
ARTFX	-0.61		-0.71	0.0	-0.37	0.91	0.76	0.34	0.33	0.84	ARTFX
444859BR2	0.63	-0.71		0.0	0.31	-0.54	-0.45	-0.03	-0.46	-0.65	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.11	-0.37	0.31	0.0		-0.35	-0.45	-0.37	0.12	-0.28	BRRAY
LBHIX	-0.4	0.91	-0.54	0.0	-0.35		0.68	0.56	0.26	0.73	LBHIX
MSTSX	-0.16	0.76	-0.45	0.0	-0.45	0.68		0.27	-0.05	0.81	MSTSX
ABHYX	0.17	0.34	-0.03	0.0	-0.37	0.56	0.27		-0.12	0.1	ABHYX
VIASP	-0.72	0.33	-0.46	0.0	0.12	0.26	-0.05	-0.12		0.47	VIASP
AAEVX	-0.57	0.84	-0.65	0.0	-0.28	0.73	0.81	0.1	0.47		AAEVX
	QUSIX	ARTFX	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	VIASP	AAEVX

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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

LBHIX	+ 0.91	ARTFX
AAEVX	+ 0.84	ARTFX
AAEVX	+ 0.81	MSTSX
MSTSX	+ 0.76	ARTFX
AAEVX	+ 0.73	LBHIX
MSTSX	+ 0.68	LBHIX

High negative correlations

VIASP	- 0.72	QUSIX
444859BR2	- 0.71	ARTFX
AAEVX	- 0.65	444859BR2
ARTFX	- 0.61	QUSIX
AAEVX	- 0.57	QUSIX
LBHIX	- 0.54	444859BR2

Risk-Adjusted Indicators

There is a big difference between Rondure Mutual Fund performing well and Rondure New 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 Rondure New'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
QUSIX	0.57	(0.19)	0.00	(0.64)	0.00	0.00	1.23	(1.37)	3.87
ARTFX	0.12	0.03	(0.56)	0.58	0.00	(0.21)	0.33	(0.22)	1.01
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.22)	(0.11)	0.25	(0.24)	0.34	(0.33)	1.91
VIASP	0.75	0.08	(0.03)	(1.87)	1.12	(0.82)	2.28	(1.20)	7.18
AAEVX	0.49	(0.02)	(0.09)	0.08	0.53	(0.59)	0.93	(0.77)	2.76

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