Royce International Correlations

RIPNX Fund

USD 11.82 0.12 1.01%

The current 90-days correlation between Royce International and Dodge Global Bond is 0.02 (i.e., Significant diversification). The correlation of Royce International 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.

Royce International Correlation With Market

Significant diversification

The correlation between Royce International Premier and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Royce International Premier 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 Royce International Premier. 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 board of governors.

Moving together with ROYCE Mutual Fund

0.9	RYIPX	Royce International	Pair Corr
1.0	RIPIX	Royce International	Pair Corr
0.79	OSMYX	Oppenheimer Intl Small	Pair Corr
0.81	OSCIX	Oppenheimer Intl Small	Pair Corr
0.82	OSMNX	Oppenheimer Intl Small	Pair Corr
0.84	TIDDX	T Rowe Price	Pair Corr
0.74	MIDGX	Mfs International New	Pair Corr
0.63	MIDHX	Mfs International New	Pair Corr
0.74	MIDRX	Mfs International New	Pair Corr
0.64	BTMPX	Ishares Msci Eafe	Pair Corr
0.64	BTMKX	Blackrock International	Pair Corr
0.64	MDIIX	Blackrock Intern Index	Pair Corr
0.74	FOPIX	Fidelity International	Pair Corr
0.65	ODIDX	Oaktree Diversifiedome	Pair Corr

Related Correlations Analysis

	DODLX	JPIN	GOGIX	QUS	ISCIX
DODLX		0.81	0.91	0.14	0.91	DODLX
JPIN	0.81		0.77	0.28	0.75	JPIN
GOGIX	0.91	0.77		0.31	0.94	GOGIX
QUS	0.14	0.28	0.31		0.14	QUS
ISCIX	0.91	0.75	0.94	0.14		ISCIX
	DODLX	JPIN	GOGIX	QUS	ISCIX

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Risk-Adjusted Indicators

There is a big difference between ROYCE Mutual Fund performing well and Royce International 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 Royce International'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
DODLX	0.24	0.04	0.12	0.92	0.18	(0.28)	0.56	(0.37)	1.52
JPIN	0.56	0.13	0.20	0.25	0.49	(0.65)	1.23	(0.93)	3.43
GOGIX	0.69	0.08	0.08	0.14	0.86	(0.69)	1.27	(1.13)	5.73
QUS	0.56	0.02	0.04	0.03	0.66	(0.61)	1.32	(1.17)	3.13
ISCIX	0.70	0.15	0.17	0.25	0.71	(0.78)	1.67	(1.01)	6.33

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Royce International Correlations

Royce International Correlation With Market

Significant diversification

Moving together with ROYCE Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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