Rondure New Correlations

RNWOX Fund

USD 11.05 0.00 0.00%

The current 90-days correlation between Rondure New World and Artisan Thematic is 0.2 (i.e., Modest 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

Average diversification

The correlation between Rondure New World and DJI is 0.16 (i.e., Average 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 persons.

Moving together with Rondure Mutual Fund

1.0

RNWIX

Rondure New World

Pair Corr

Related Correlations Analysis

	ARTTX	ARTFX	GQGIX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
ARTTX		0.86	-0.47	0.0	0.75	0.7	0.53	0.76	0.59	0.6	ARTTX
ARTFX	0.86		-0.38	0.0	0.77	0.91	0.37	0.72	0.44	0.53	ARTFX
GQGIX	-0.47	-0.38		0.0	0.07	-0.25	-0.78	0.01	-0.8	-0.73	GQGIX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.75	0.77	0.07	0.0		0.69	-0.01	0.86	0.07	0.24	MSTSX
LBHIX	0.7	0.91	-0.25	0.0	0.69		0.3	0.77	0.38	0.29	LBHIX
VIASP	0.53	0.37	-0.78	0.0	-0.01	0.3		0.16	0.83	0.63	VIASP
RRTLX	0.76	0.72	0.01	0.0	0.86	0.77	0.16		0.23	0.12	RRTLX
OSHDF	0.59	0.44	-0.8	0.0	0.07	0.38	0.83	0.23		0.52	OSHDF
70082LAB3	0.6	0.53	-0.73	0.0	0.24	0.29	0.63	0.12	0.52		70082LAB3
	ARTTX	ARTFX	GQGIX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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
ARTFX	+ 0.86	ARTTX
RRTLX	+ 0.86	MSTSX
OSHDF	+ 0.83	VIASP
MSTSX	+ 0.77	ARTFX
RRTLX	+ 0.77	LBHIX

High negative correlations

OSHDF	- 0.8	GQGIX
VIASP	- 0.78	GQGIX
70082LAB3	- 0.73	GQGIX
GQGIX	- 0.47	ARTTX
GQGIX	- 0.38	ARTFX
LBHIX	- 0.25	GQGIX

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
ARTTX	0.78	0.05	0.02	0.18	1.02	(0.78)	1.74	(1.32)	5.02
ARTFX	0.12	0.03	(0.64)	0.58	0.00	(0.21)	0.33	(0.22)	1.01
GQGIX	0.65	(0.17)	0.00	(0.24)	0.00	0.00	0.84	(1.38)	7.54
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.49	(0.03)	(0.12)	0.08	0.50	(0.60)	1.21	(1.02)	2.80
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36
OSHDF	39.65	20.25	0.00	(19.11)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.63	0.00	(0.12)	(0.21)	1.03	(0.68)	1.66	(1.19)	4.03

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