Rbc Global Correlations

RGPAX Fund

USD 20.81 0.08 0.39%

The current 90-days correlation between Rbc Global Opportunities and Us Global Investors is 0.47 (i.e., Very weak 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 weak diversification

The correlation between Rbc Global Opportunities and DJI is 0.54 (i.e., Very weak 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

0.62	RREMX	Rbc Emerging Markets	Pair Corr
0.76	RRSVX	Rbc Small Cap	Pair Corr
0.64	RSMRX	Rbc Smid Cap	Pair Corr
0.76	RSVIX	Rbc Small Cap	Pair Corr
0.76	RBVAX	Rbc Small Cap	Pair Corr
0.64	TMCAX	Rbc Smid Cap	Pair Corr
0.64	TMCIX	Rbc Smid Cap	Pair Corr
0.62	REEAX	Rbc Emerging Markets	Pair Corr
0.62	REEIX	Rbc Emerging Markets	Pair Corr
0.85	RGELX	Rbc Global Equity	Pair Corr

Related Correlations Analysis

	USLUX	PRSAX	DBIWX	RPGIX	ZGFIX	ANAGX	LBORX	MSTGX
USLUX		0.75	0.66	0.7	0.56	0.77	0.79	0.62	USLUX
PRSAX	0.75		0.79	0.54	0.73	0.88	0.86	0.83	PRSAX
DBIWX	0.66	0.79		0.73	0.9	0.71	0.58	0.94	DBIWX
RPGIX	0.7	0.54	0.73		0.69	0.47	0.5	0.67	RPGIX
ZGFIX	0.56	0.73	0.9	0.69		0.61	0.52	0.89	ZGFIX
ANAGX	0.77	0.88	0.71	0.47	0.61		0.71	0.65	ANAGX
LBORX	0.79	0.86	0.58	0.5	0.52	0.71		0.7	LBORX
MSTGX	0.62	0.83	0.94	0.67	0.89	0.65	0.7		MSTGX
	USLUX	PRSAX	DBIWX	RPGIX	ZGFIX	ANAGX	LBORX	MSTGX

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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
USLUX	0.81	0.00	0.00	(0.03)	1.73	(0.80)	1.59	(1.58)	9.93
PRSAX	0.17	0.01	0.09	0.57	0.05	(0.27)	0.41	(0.30)	1.21
DBIWX	0.23	0.03	0.10	(0.52)	0.25	(0.27)	0.59	(0.39)	1.86
RPGIX	0.67	0.02	0.02	0.02	0.89	(0.79)	1.49	(1.46)	4.29
ZGFIX	0.41	0.07	0.10	0.21	0.58	(0.44)	1.03	(0.71)	3.69
ANAGX	0.19	0.01	0.07	(0.77)	0.11	(0.28)	0.44	(0.29)	1.17
LBORX	0.33	(0.01)	0.00	(0.09)	0.00	0.00	0.85	(0.62)	1.93
MSTGX	0.26	0.04	0.11	(2.78)	0.27	(0.31)	0.64	(0.42)	1.93

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Rbc Global Correlations

Rbc Global Correlation With Market

Very weak diversification

Moving together with Rbc Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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