Resq Dynamic Correlations

RQEAX Fund

USD 11.06 0.16 1.47%

The current 90-days correlation between Resq Dynamic Allocation and Needham Aggressive Growth is 0.85 (i.e., Very poor diversification). The correlation of Resq Dynamic 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.

Resq Dynamic Correlation With Market

Poor diversification

The correlation between Resq Dynamic Allocation and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resq Dynamic Allocation 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 Resq Dynamic Allocation. 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 nation.

Moving together with Resq Mutual Fund

1.0	RQECX	Resq Dynamic Allocation	Pair Corr
1.0	RQEIX	Resq Dynamic Allocation	Pair Corr
0.74	ABRIX	Invesco Balanced Risk	Pair Corr
0.67	JSRSX	Jpmorgan Smartretirement	Pair Corr
0.62	GRHAX	Goehring Rozencwajg	Pair Corr

Moving against Resq Mutual Fund

0.4	GAAKX	Gmo Alternative Allo	Pair Corr
0.4	GAAGX	Gmo Alternative Allo	Pair Corr
0.67	UIPIX	Ultrashort Mid Cap	Pair Corr
0.54	SDFCX	Swan Defined Risk	Pair Corr

Related Correlations Analysis

	NEAIX	NSBCX	EIPIX	ARTSX	AWPIX	PIGDX	EIPFX	BGGKX
NEAIX		0.79	0.14	0.97	0.34	-0.31	0.15	0.77	NEAIX
NSBCX	0.79		0.3	0.83	0.64	0.1	0.31	0.9	NSBCX
EIPIX	0.14	0.3		0.14	0.68	0.63	1.0	0.15	EIPIX
ARTSX	0.97	0.83	0.14		0.39	-0.28	0.15	0.79	ARTSX
AWPIX	0.34	0.64	0.68	0.39		0.71	0.68	0.52	AWPIX
PIGDX	-0.31	0.1	0.63	-0.28	0.71		0.63	0.04	PIGDX
EIPFX	0.15	0.31	1.0	0.15	0.68	0.63		0.15	EIPFX
BGGKX	0.77	0.9	0.15	0.79	0.52	0.04	0.15		BGGKX
	NEAIX	NSBCX	EIPIX	ARTSX	AWPIX	PIGDX	EIPFX	BGGKX

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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

EIPFX	+ 1.0	EIPIX
ARTSX	+ 0.97	NEAIX
BGGKX	+ 0.9	NSBCX
ARTSX	+ 0.83	NSBCX
NSBCX	+ 0.79	NEAIX
BGGKX	+ 0.79	ARTSX

High negative correlations

PIGDX	- 0.31	NEAIX
PIGDX	- 0.28	ARTSX

Risk-Adjusted Indicators

There is a big difference between Resq Mutual Fund performing well and Resq Dynamic 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 Resq Dynamic'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
NEAIX	1.42	(0.11)	0.00	(0.13)	0.00	0.00	2.28	(4.03)	7.47
NSBCX	0.67	(0.05)	0.00	(0.10)	0.00	0.00	1.03	(1.31)	3.24
EIPIX	0.83	0.03	0.03	0.02	1.68	(0.74)	1.68	(1.72)	7.26
ARTSX	1.18	(0.09)	0.00	(0.12)	0.00	0.00	2.24	(3.17)	5.69
AWPIX	0.70	0.01	0.00	(0.03)	0.00	0.00	1.45	(1.57)	4.44
PIGDX	0.82	0.08	0.07	0.09	1.13	(0.83)	1.84	(1.68)	7.09
EIPFX	0.83	0.03	0.03	0.02	1.69	(0.74)	1.69	(1.72)	7.28
BGGKX	1.54	(0.17)	0.00	0.79	0.00	0.00	2.77	(4.38)	8.15

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