Rainier International Correlations

RAIIX Fund

USD 23.95 0.15 0.63%

The current 90-days correlation between Rainier International and Lord Abbett Diversified is 0.82 (i.e., Very poor diversification). The correlation of Rainier International 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.

Rainier International Correlation With Market

Very weak diversification

The correlation between Rainier International Discover and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rainier International Discover 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 Rainier International Discovery. 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 Rainier Mutual Fund

0.79	MNBAX	Pro-blend(r) Extended	Pair Corr
0.78	MNBIX	Pro-blend(r) Extended	Pair Corr
0.85	MNCPX	Unconstrained Bond Series	Pair Corr
0.85	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.84	MNCWX	Manning Napier Pro	Pair Corr
0.81	MNBRX	Pro-blend(r) Extended	Pair Corr
0.75	MNBWX	Manning Napier Pro	Pair Corr
0.85	MNCCX	Pro-blend(r) Conservative	Pair Corr
0.85	MNCIX	Pro-blend(r) Conservative	Pair Corr
0.75	MNDWX	Manning Napier Diver	Pair Corr
0.82	MNECX	Pro-blend(r) Extended	Pair Corr
0.81	MNMCX	Pro-blend(r) Moderate	Pair Corr
0.78	MNMIX	Pro-blend(r) Moderate	Pair Corr
0.79	MNMRX	Pro-blend(r) Moderate	Pair Corr
0.75	MNMWX	Manning Napier Pro	Pair Corr
0.9	MNOSX	Manning Napier Overseas	Pair Corr
0.9	MNOWX	Manning Napier Overseas	Pair Corr
0.9	MNOZX	Manning Napier Overseas	Pair Corr
1.0	RAIWX	Manning Napier Rainier	Pair Corr
0.79	MCBWX	Manning Napier Core	Pair Corr
0.84	MCDWX	Manning Napier Credit	Pair Corr
0.84	MUBWX	Manning Napier Uncon	Pair Corr
0.85	EXBAX	Pro-blend(r) Moderate	Pair Corr
0.85	EXCPX	Unconstrained Bond Series	Pair Corr

Moving against Rainier Mutual Fund

0.36	CEIIX	Manning Napier Callodine	Pair Corr
0.36	CEIZX	Manning Napier Callodine	Pair Corr
0.36	MNDFX	Disciplined Value Series	Pair Corr
0.35	CEISX	Manning Napier Callodine	Pair Corr
0.44	EXEYX	Equity Series Class	Pair Corr
0.35	MDFSX	Disciplined Value Series	Pair Corr
0.35	MDVWX	Manning Napier Disci	Pair Corr
0.35	MDVZX	Manning Napier Disci	Pair Corr

Related Correlations Analysis

	LIGFX	FZABX	SIGWX	ADX	MDSKX	WMCVX
LIGFX		-0.1	0.83	0.82	0.88	0.9	LIGFX
FZABX	-0.1		-0.35	-0.43	-0.41	-0.33	FZABX
SIGWX	0.83	-0.35		0.87	0.94	0.93	SIGWX
ADX	0.82	-0.43	0.87		0.94	0.91	ADX
MDSKX	0.88	-0.41	0.94	0.94		0.98	MDSKX
WMCVX	0.9	-0.33	0.93	0.91	0.98		WMCVX
	LIGFX	FZABX	SIGWX	ADX	MDSKX	WMCVX

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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

WMCVX	+ 0.98	MDSKX
MDSKX	+ 0.94	SIGWX
MDSKX	+ 0.94	ADX
WMCVX	+ 0.93	SIGWX
WMCVX	+ 0.91	ADX
WMCVX	+ 0.9	LIGFX

High negative correlations

ADX	- 0.43	FZABX
MDSKX	- 0.41	FZABX
SIGWX	- 0.35	FZABX
WMCVX	- 0.33	FZABX
FZABX	- 0.1	LIGFX

Risk-Adjusted Indicators

There is a big difference between Rainier Mutual Fund performing well and Rainier International 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 Rainier International'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
LIGFX	0.25	0.00	(0.23)	0.10	0.20	(0.29)	0.55	(0.50)	1.23
FZABX	0.69	(0.04)	0.00	2.78	0.00	0.00	1.18	(1.71)	4.32
SIGWX	0.73	0.10	0.01	0.70	0.83	(0.82)	1.53	(1.38)	7.02
ADX	0.64	0.00	(0.02)	0.10	0.84	(0.66)	1.35	(1.20)	3.44
MDSKX	0.91	(0.02)	0.02	0.09	0.92	(0.99)	2.08	(1.62)	7.61
WMCVX	0.90	(0.04)	0.01	0.08	0.87	(0.99)	1.99	(1.49)	7.94

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