Redwood Systematic Correlations

RWSNX Fund

USD 20.19 0.10 0.49%

The current 90-days correlation between Redwood Systematic Macro and Jp Morgan Smartretirement is 0.8 (i.e., Very poor diversification). The correlation of Redwood Systematic 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.

Redwood Systematic Correlation With Market

Average diversification

The correlation between Redwood Systematic Macro and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redwood Systematic Macro 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 Redwood Systematic Macro. 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 board of governors.

Moving together with Redwood Mutual Fund

0.79	RWDNX	Redwood Managed Vola	Pair Corr
0.8	RWDIX	Redwood Managed Vola	Pair Corr
0.78	RWDYX	Redwood Managed Vola	Pair Corr
1.0	RWSIX	Redwood Systematic Macro	Pair Corr
0.9	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.89	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.88	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.87	KINAX	Kinetics Internet	Pair Corr
0.89	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.89	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.86	KINCX	Kinetics Internet	Pair Corr
0.88	GAB	Gabelli Equity Trust	Pair Corr
0.86	RRTCX	T Rowe Price	Pair Corr
0.89	NTDAX	Nationwide Destination	Pair Corr
0.79	JHYFX	Janus High Yield	Pair Corr
0.73	GLRBX	James Balanced Golden	Pair Corr
0.66	GOAXX	Money Market Obligations	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.92	JILGX	Multimanager Lifestyle	Pair Corr
0.62	PFN	Pimco Income Strategy	Pair Corr
0.91	WCPSX	Mobile Telecommunicatio	Pair Corr

Moving against Redwood Mutual Fund

0.64	RWMIX	Redwood Managed Municipal	Pair Corr
0.54	RWMNX	Redwood Managed Municipal	Pair Corr
0.45	PAUPX	Pimco All Asset	Pair Corr
0.43	PAUIX	Pimco All Asset	Pair Corr

Related Correlations Analysis

	JTSQX	HBAIX	SMOAX	FMTIX	PGFCX	TDIFX
JTSQX		0.98	0.41	0.88	0.62	0.58	JTSQX
HBAIX	0.98		0.55	0.9	0.74	0.69	HBAIX
SMOAX	0.41	0.55		0.61	0.85	0.95	SMOAX
FMTIX	0.88	0.9	0.61		0.69	0.78	FMTIX
PGFCX	0.62	0.74	0.85	0.69		0.88	PGFCX
TDIFX	0.58	0.69	0.95	0.78	0.88		TDIFX
	JTSQX	HBAIX	SMOAX	FMTIX	PGFCX	TDIFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Redwood Mutual Fund performing well and Redwood Systematic 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 Redwood Systematic'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
JTSQX	0.50	0.04	(0.11)	(9.15)	0.63	(0.52)	1.12	(0.93)	3.11
HBAIX	0.35	0.03	(0.17)	1.30	0.42	(0.38)	0.83	(0.68)	2.05
SMOAX	0.20	(0.02)	(0.42)	0.02	0.19	(0.23)	0.34	(0.42)	1.10
FMTIX	0.35	(0.02)	(0.18)	0.06	0.42	(0.37)	0.75	(0.75)	2.01
PGFCX	0.23	0.02	(0.31)	0.61	0.20	(0.27)	0.48	(0.48)	1.24
TDIFX	0.16	(0.02)	(0.49)	0.01	0.15	(0.18)	0.35	(0.26)	0.95

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