Reaves Select Correlations

RSRFX Fund

USD 10.43 0.12 1.16%

The current 90-days correlation between Reaves Select Research and Cohen Steers Global is 0.66 (i.e., Poor diversification). The correlation of Reaves Select 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.

Reaves Select Correlation With Market

Very weak diversification

The correlation between Reaves Select Research and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reaves Select Research 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 Reaves Select Research. 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 census.

Moving together with Reaves Mutual Fund

0.66	VTSAX	Vanguard Total Stock	Pair Corr
0.67	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VTSMX	Vanguard Total Stock	Pair Corr
0.66	VITSX	Vanguard Total Stock	Pair Corr
0.67	VFINX	Vanguard 500 Index	Pair Corr
0.65	JLBHX	Retirement Living Through	Pair Corr

Moving against Reaves Mutual Fund

0.36

DRIBX

Dimensional 2010 Target

Pair Corr

Related Correlations Analysis

	CSUAX	PGUAX	BGLAX	AIAFX	RSOOX
CSUAX		0.92	0.95	0.84	0.51	CSUAX
PGUAX	0.92		0.91	0.91	0.62	PGUAX
BGLAX	0.95	0.91		0.75	0.69	BGLAX
AIAFX	0.84	0.91	0.75		0.39	AIAFX
RSOOX	0.51	0.62	0.69	0.39		RSOOX
	CSUAX	PGUAX	BGLAX	AIAFX	RSOOX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Reaves Mutual Fund performing well and Reaves Select 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 Reaves Select'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
CSUAX	0.56	0.06	0.10	0.11	0.73	(0.60)	1.16	(1.32)	3.43
PGUAX	0.64	0.02	0.04	0.01	1.03	(0.63)	1.39	(1.85)	3.79
BGLAX	0.57	0.04	0.07	0.06	0.75	(0.68)	1.37	(1.47)	3.86
AIAFX	0.61	0.01	0.03	(0.01)	1.07	(0.58)	1.24	(1.26)	4.21
RSOOX	0.64	0.04	0.06	0.02	0.84	(0.66)	1.22	(1.40)	3.62

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC