Rbc Global Correlations

RGPAX Fund

USD 20.60 0.21 1.03%

The current 90-days correlation between Rbc Global Opportunities and Ishares Aggregate Bond is 0.15 (i.e., Average diversification). The correlation of Rbc Global 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 Global Correlation With Market

Very good diversification

The correlation between Rbc Global Opportunities and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rbc Global Opportunities 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 Global Opportunities. 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 nation.

Moving together with Rbc Mutual Fund

0.68	TEEAX	Rbc Small Cap	Pair Corr
0.72	TETAX	Rbc Enterprise	Pair Corr
0.73	TETIX	Rbc Enterprise	Pair Corr
0.82	RRSVX	Rbc Small Cap	Pair Corr
0.75	RSMRX	Rbc Smid Cap	Pair Corr
0.82	RSVIX	Rbc Small Cap	Pair Corr
0.71	RBRCX	Rbc Small Cap	Pair Corr
0.82	RBVAX	Rbc Small Cap	Pair Corr
0.71	RCSIX	Rbc Small Cap	Pair Corr
0.81	TMCAX	Rbc Smid Cap	Pair Corr
0.75	TMCIX	Rbc Smid Cap	Pair Corr
0.82	TMVAX	Rbc Microcap Value	Pair Corr
0.99	RGELX	Rbc Global Equity	Pair Corr

Moving against Rbc Mutual Fund

0.49	RSDIX	Rbc Short Duration	Pair Corr
0.43	RSHFX	Rbc Short Duration	Pair Corr
0.42	ACASX	Access Capital Munity	Pair Corr
0.4	RBCIX	Rbc China Equity	Pair Corr
0.4	RCEAX	Riversource Series Trust	Pair Corr
0.4	ACATX	Alger Capital Apprec	Pair Corr
0.4	ACCSX	Access Capital Munity	Pair Corr
0.39	RULFX	Rbc Ultra Short	Pair Corr
0.38	RBCRX	Rbc Bluebay Absolute	Pair Corr
0.38	RCPIX	Rbc Funds Trust	Pair Corr
0.37	RUSIX	Rbc Ultra Short	Pair Corr
0.32	RCPAX	Rbc Bluebay Core	Pair Corr
0.32	RCPRX	Rbc Bluebay Core	Pair Corr
0.43	RIBAX	Rbc Impact Bond	Pair Corr
0.41	RIBIX	Rbc Impact Bond	Pair Corr
0.41	RIBRX	Rbc Impact Bond	Pair Corr
0.41	RIBYX	Rbc Impact Bond	Pair Corr

Related Correlations Analysis

	BMOPX	MBSAX	ANAGX	DLTNX	MIIIX
BMOPX		0.96	0.89	0.99	1.0	BMOPX
MBSAX	0.96		0.93	0.96	0.95	MBSAX
ANAGX	0.89	0.93		0.86	0.87	ANAGX
DLTNX	0.99	0.96	0.86		1.0	DLTNX
MIIIX	1.0	0.95	0.87	1.0		MIIIX
	BMOPX	MBSAX	ANAGX	DLTNX	MIIIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Rbc Mutual Fund performing well and Rbc Global 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 Global'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
BMOPX	0.24	0.01	0.02	0.53	0.24	(0.26)	0.55	(0.44)	1.36
MBSAX	0.18	0.01	0.02	(0.18)	0.20	(0.21)	0.36	(0.30)	1.34
ANAGX	0.19	0.00	(0.02)	0.12	0.20	(0.27)	0.44	(0.44)	1.46
DLTNX	0.23	0.02	0.06	0.85	0.16	(0.31)	0.57	(0.34)	1.40
MIIIX	0.25	0.01	0.03	0.69	0.23	(0.32)	0.54	(0.43)	1.42

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