Redwood Managed Correlations
| RWMNX Fund | USD 14.94 0.00 0.00% |
The current 90-days correlation between Redwood Managed Municipal and Redwood Alphafactor Tactical is -0.1 (i.e., Good diversification). The correlation of Redwood Managed 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 Managed Correlation With Market
Good diversification
The correlation between Redwood Managed Municipal and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redwood Managed Municipal and DJI in the same portfolio, assuming nothing else is changed.
Redwood |
Moving together with Redwood Mutual Fund
Moving against Redwood Mutual Fund
| 0.59 | RWSIX | Redwood Systematic Macro | PairCorr |
| 0.54 | RWSNX | Redwood Systematic Macro | PairCorr |
| 0.6 | BSPAX | Blackrock Sp 500 | PairCorr |
| 0.6 | SXPRX | Deutsche Sp 500 | PairCorr |
| 0.57 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.57 | QDISX | Fisher Investments | PairCorr |
| 0.56 | PYARX | Payden Absolute Return | PairCorr |
| 0.54 | PYAIX | Payden Absolute Return | PairCorr |
| 0.54 | FORFX | Forum Real Estate | PairCorr |
| 0.54 | CVERX | Columbia Mid Cap | PairCorr |
| 0.52 | FXFXX | First American Funds | PairCorr |
| 0.48 | TMCAX | Rbc Smid Cap | PairCorr |
| 0.45 | RPTFX | T Rowe Price | PairCorr |
| 0.44 | GABXX | Gabelli Money | PairCorr |
| 0.42 | IASTX | Ivy Asset Strategy | PairCorr |
| 0.4 | CCGCX | Calamos Global Vertible | PairCorr |
| 0.38 | BCAAX | Brandywineglobal C | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Redwood Mutual Fund performing well and Redwood Managed 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 Managed'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RWINX | 0.59 | (0.06) | 0.00 | (0.86) | 0.00 | 1.50 | 3.29 | |||
| RWSIX | 0.54 | 0.11 | (0.02) | 3.04 | 0.42 | 1.18 | 4.11 | |||
| NBGIX | 0.79 | 0.16 | 0.05 | 1.56 | 0.64 | 1.80 | 6.46 | |||
| CSQ | 0.57 | 0.03 | 0.00 | 0.17 | 0.65 | 1.13 | 3.77 | |||
| MERDX | 0.73 | (0.05) | (0.04) | 0.08 | 0.85 | 1.43 | 5.81 | |||
| BALFX | 0.37 | (0.02) | (0.14) | 0.10 | 0.42 | 0.72 | 2.11 | |||
| JRI | 0.53 | 0.11 | 0.01 | 0.70 | 0.47 | 1.28 | 3.78 | |||
| WWLAX | 0.54 | 0.09 | (0.08) | (1.74) | 0.40 | 1.15 | 3.95 | |||
| FHCOX | 0.03 | 0.00 | 0.00 | (0.99) | 0.00 | 0.10 | 0.60 |