Rbc China Correlations

RBCIX Fund

USD 10.09 0.22 2.13%

The current 90-days correlation between Rbc China Equity and Pace International Equity is 0.39 (i.e., Weak diversification). The correlation of Rbc China 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.

Rbc China Correlation With Market

Average diversification

The correlation between Rbc China Equity and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rbc China Equity 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 Rbc China Equity. 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 Rbc Mutual Fund

0.86	RSDIX	Rbc Short Duration	Pair Corr
0.83	RSHFX	Rbc Short Duration	Pair Corr
1.0	RBCRX	Rbc Bluebay Absolute	Pair Corr
0.86	RBESX	Rbc Bluebay Emerging	Pair Corr
0.81	RULFX	Rbc Ultra Short	Pair Corr
0.86	REEAX	Rbc Emerging Markets	Pair Corr
0.96	REMVX	Rbc Emerging Markets	Pair Corr
0.85	RESAX	Rbc Bluebay Emerging	Pair Corr
0.96	REVAX	Rbc Funds Trust	Pair Corr
0.7	RHYAX	Rbc Bluebay Global	Pair Corr
0.86	FHKTX	Fidelity China Region	Pair Corr
0.97	FCHKX	Fidelity China Region	Pair Corr
0.98	FHKAX	Fidelity China Region	Pair Corr
0.86	FHKIX	Fidelity China Region	Pair Corr
0.86	FIQFX	Fidelity China Region	Pair Corr
0.86	FHKCX	Fidelity China Region	Pair Corr
1.0	MICFX	Matthews China	Pair Corr
1.0	MCHFX	Matthews China	Pair Corr
0.84	NHS	Neuberger Berman High	Pair Corr
0.76	HRBDX	Harbor Bond Fund	Pair Corr
0.78	UTF	Cohen And Steers	Pair Corr
0.82	HTD	John Hancock Tax	Pair Corr
0.9	ABNOX	Ab Bond Inflation	Pair Corr
0.76	VICSX	Vanguard Intermediate-ter	Pair Corr
0.86	USGDX	Morgan Stanley Government	Pair Corr
0.74	GIOIX	Guggenheim Macro Opp	Pair Corr
0.76	DLDFX	Destinations Low Duration	Pair Corr

Moving against Rbc Mutual Fund

0.83	RSMRX	Rbc Smid Cap	Pair Corr
0.72	RRSVX	Rbc Small Cap	Pair Corr
0.66	TETIX	Rbc Enterprise	Pair Corr
0.64	TETAX	Rbc Enterprise	Pair Corr
0.58	RCSIX	Rbc Small Cap	Pair Corr
0.55	TMVAX	Rbc Microcap Value	Pair Corr
0.54	TEEAX	Rbc Small Cap	Pair Corr
0.34	RECIX	Rbc Emerging Markets	Pair Corr

Related Correlations Analysis

	PWITX	MSTFX	JGECX	TOIIX	FRETX	EEIFX	QLENX	SMNIX	PAEIX
PWITX		0.96	0.24	0.94	-0.09	-0.57	0.85	0.53	0.95	PWITX
MSTFX	0.96		0.27	0.96	-0.06	-0.55	0.89	0.49	0.98	MSTFX
JGECX	0.24	0.27		0.04	0.86	0.43	0.04	-0.14	0.14	JGECX
TOIIX	0.94	0.96	0.04		-0.31	-0.73	0.91	0.6	0.97	TOIIX
FRETX	-0.09	-0.06	0.86	-0.31		0.76	-0.16	-0.5	-0.15	FRETX
EEIFX	-0.57	-0.55	0.43	-0.73	0.76		-0.56	-0.72	-0.59	EEIFX
QLENX	0.85	0.89	0.04	0.91	-0.16	-0.56		0.41	0.94	QLENX
SMNIX	0.53	0.49	-0.14	0.6	-0.5	-0.72	0.41		0.49	SMNIX
PAEIX	0.95	0.98	0.14	0.97	-0.15	-0.59	0.94	0.49		PAEIX
	PWITX	MSTFX	JGECX	TOIIX	FRETX	EEIFX	QLENX	SMNIX	PAEIX

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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

PAEIX	+ 0.98	MSTFX
PAEIX	+ 0.97	TOIIX
MSTFX	+ 0.96	PWITX
TOIIX	+ 0.96	MSTFX
PAEIX	+ 0.95	PWITX
TOIIX	+ 0.94	PWITX

High negative correlations

EEIFX	- 0.73	TOIIX
SMNIX	- 0.72	EEIFX
PAEIX	- 0.59	EEIFX
EEIFX	- 0.57	PWITX
QLENX	- 0.56	EEIFX
EEIFX	- 0.55	MSTFX

Risk-Adjusted Indicators

There is a big difference between Rbc Mutual Fund performing well and Rbc China 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 Rbc China'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
PWITX	0.77	0.00	0.00	(0.06)	0.00	0.00	1.52	(1.47)	9.99
MSTFX	0.66	0.10	0.14	0.12	0.81	(0.72)	1.39	(1.42)	4.63
JGECX	0.77	(0.13)	0.00	(0.26)	0.00	0.00	1.18	(1.62)	10.42
TOIIX	0.66	0.21	0.28	0.34	0.60	(0.74)	1.51	(1.47)	5.44
FRETX	0.74	(0.12)	0.00	(0.24)	0.00	0.00	1.20	(1.82)	6.61
EEIFX	0.63	(0.11)	0.00	(0.24)	0.00	0.00	1.04	(1.76)	3.57
QLENX	0.44	0.14	0.30	0.29	0.41	(0.48)	0.81	(0.65)	3.11
SMNIX	0.43	0.02	0.18	(0.20)	0.41	(0.58)	1.00	(0.85)	2.62
PAEIX	0.67	0.12	0.16	0.15	0.78	(0.72)	1.50	(1.54)	4.54

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