Resq Strategic Correlations

RQICX Fund

USD 7.15 0.00 0.00%

The current 90-days correlation between Resq Strategic Income and Resq Dynamic Allocation is -0.02 (i.e., Good diversification). The correlation of Resq Strategic 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 Strategic Correlation With Market

Good diversification

The correlation between Resq Strategic Income and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resq Strategic Income 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 Strategic Income. 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 main economic indicators.

Moving together with Resq Mutual Fund

0.9	RQIIX	Resq Strategic Income	Pair Corr
0.9	RQIAX	Resq Strategic Income	Pair Corr
0.61	VASIX	Vanguard Lifestrategy	Pair Corr

Moving against Resq Mutual Fund

0.84	RQEAX	Resq Dynamic Allocation	Pair Corr
0.84	RQECX	Resq Dynamic Allocation	Pair Corr
0.84	RQEIX	Resq Dynamic Allocation	Pair Corr
0.76	KMKCX	Kinetics Market Oppo	Pair Corr
0.76	KNPAX	Kinetics Paradigm	Pair Corr
0.76	KNPCX	Kinetics Paradigm	Pair Corr
0.84	PFLLX	Putnam Floating Rate	Pair Corr
0.83	LETRX	Voya Russia Fund	Pair Corr
0.8	SMPSX	Semiconductor Ultrasector	Pair Corr
0.77	LSHCX	Horizon Spin Off	Pair Corr
0.77	LSHUX	Horizon Spin Off	Pair Corr
0.77	DMO	Western Asset Mortgage	Pair Corr
0.76	KNPYX	Kinetics Paradigm	Pair Corr
0.76	WWNPX	Kinetics Paradigm	Pair Corr
0.76	KMKAX	Kinetics Market Oppo	Pair Corr
0.76	ADX	Adams Diversified Equity	Pair Corr
0.74	DOXGX	Dodge Cox Stock	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.52	NSBFX	Nuveen Santa Barbara	Pair Corr
0.44	GAB	Gabelli Equity Trust	Pair Corr
0.4	RIV	Rivernorth Opportunities	Pair Corr
0.33	MSTSX	Morningstar Unconstrained	Pair Corr
0.83	BDJ	Blackrock Enhanced Equity	Pair Corr
0.76	ANCFX	American Funds Funda	Pair Corr

Related Correlations Analysis

	RQEAX	RQECX	RQEIX	RQIIX	RQIAX	RQICX
RQEAX		1.0	1.0	-0.74	-0.74	-0.84	RQEAX
RQECX	1.0		1.0	-0.73	-0.74	-0.84	RQECX
RQEIX	1.0	1.0		-0.73	-0.74	-0.84	RQEIX
RQIIX	-0.74	-0.73	-0.73		1.0	0.9	RQIIX
RQIAX	-0.74	-0.74	-0.74	1.0		0.9	RQIAX
RQICX	-0.84	-0.84	-0.84	0.9	0.9		RQICX
	RQEAX	RQECX	RQEIX	RQIIX	RQIAX	RQICX

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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

RQECX	+ 1.0	RQEAX
RQEIX	+ 1.0	RQEAX
RQEIX	+ 1.0	RQECX
RQIAX	+ 1.0	RQIIX
RQICX	+ 0.9	RQIIX
RQICX	+ 0.9	RQIAX

High negative correlations

RQICX	- 0.84	RQEIX
RQICX	- 0.84	RQECX
RQICX	- 0.84	RQEAX
RQIAX	- 0.74	RQEIX
RQIAX	- 0.74	RQECX
RQIAX	- 0.74	RQEAX

Risk-Adjusted Indicators

There is a big difference between Resq Mutual Fund performing well and Resq Strategic 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 Strategic'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
RQEAX	1.00	0.18	0.13	0.34	0.86	(1.18)	2.58	(1.50)	6.11
RQECX	0.99	0.17	0.13	0.33	0.84	(1.19)	2.63	(1.57)	5.96
RQEIX	1.00	0.18	0.13	0.34	0.84	(1.17)	2.58	(1.54)	5.98
RQIIX	0.68	(0.13)	0.00	1.21	0.00	0.00	1.36	(1.62)	4.72
RQIAX	0.68	(0.13)	0.00	1.16	0.00	0.00	1.26	(1.61)	4.64
RQICX	0.34	(0.10)	0.00	3.61	0.00	0.00	0.70	(1.17)	2.78

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