Rmb Fund Correlations

RMBGX Fund

USD 38.56 0.14 0.36%

The current 90-days correlation between Rmb Fund I and Rmb Small Cap is -0.05 (i.e., Good diversification). The correlation of Rmb Fund 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.

Rmb Fund Correlation With Market

Good diversification

The correlation between Rmb Fund I and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Fund I 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 Rmb Fund I. 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 price.

Moving together with Rmb Mutual Fund

0.89	RMBBX	Rmb Small Cap	Pair Corr
0.92	RMBHX	Rmb Fund A	Pair Corr
1.0	RMBJX	Rmb Fund C	Pair Corr
0.83	RMBLX	Rmb Mendon Financial Potential Growth	Pair Corr
0.83	RMBKX	Rmb Mendon Financial Potential Growth	Pair Corr
0.83	RMBNX	Rmb Mendon Financial Potential Growth	Pair Corr
0.89	RMBMX	Rmb Smid Cap	Pair Corr
0.91	FAFGX	American Funds	Pair Corr
0.91	FFAFX	American Funds	Pair Corr
0.87	GFACX	Growth Fund	Pair Corr
0.87	GFAFX	Growth Fund	Pair Corr
0.87	AGTHX	Growth Fund	Pair Corr
0.87	CGFFX	Growth Fund	Pair Corr
0.91	CGFCX	Growth Fund	Pair Corr
0.87	CGFAX	Growth Fund	Pair Corr
0.87	CGFEX	Growth Fund	Pair Corr
0.87	RGAEX	Growth Fund	Pair Corr
0.84	DXQLX	Direxion Monthly Nasdaq Steady Growth	Pair Corr
0.84	RYVLX	Nasdaq 100 2x Steady Growth	Pair Corr
0.9	RYVYX	Nasdaq 100 2x Steady Growth	Pair Corr
0.83	UOPIX	Ultra Nasdaq 100 Steady Growth	Pair Corr
0.84	RYCCX	Nasdaq 100 2x Steady Growth	Pair Corr
0.84	UOPSX	Ultranasdaq 100 Profund Steady Growth	Pair Corr
0.86	INPIX	Internet Ultrasector	Pair Corr
0.86	INPSX	Internet Ultrasector	Pair Corr
0.79	SMTQX	Jpmorgan Smartretirement	Pair Corr
0.73	FSCNX	Fidelity Asset Manager	Pair Corr
0.78	ANFCX	New Economy Fund	Pair Corr
0.96	VWELX	Vanguard Wellington	Pair Corr
0.87	FSTUX	Invesco Dividend Income	Pair Corr
0.96	FBALX	Fidelity Balanced	Pair Corr
0.88	VSGIX	Vanguard Small Cap	Pair Corr
0.9	FSCSX	Software And It	Pair Corr

Moving against Rmb Mutual Fund

0.62	RMBTX	Rmb International	Pair Corr
0.35	RMBPX	Rmb Japan Fund Steady Growth	Pair Corr
0.36	TGLDX	Tocqueville Gold	Pair Corr

Related Correlations Analysis

	RMBBX	RMBHX	RMBPX	RMBLX	RMBKX	RMBNX	RMBMX	RMBTX
RMBBX		0.95	-0.42	0.92	0.92	0.92	0.99	-0.72	RMBBX
RMBHX	0.95		-0.28	0.87	0.87	0.87	0.95	-0.6	RMBHX
RMBPX	-0.42	-0.28		-0.56	-0.56	-0.56	-0.4	0.84	RMBPX
RMBLX	0.92	0.87	-0.56		1.0	1.0	0.9	-0.86	RMBLX
RMBKX	0.92	0.87	-0.56	1.0		1.0	0.9	-0.85	RMBKX
RMBNX	0.92	0.87	-0.56	1.0	1.0		0.9	-0.85	RMBNX
RMBMX	0.99	0.95	-0.4	0.9	0.9	0.9		-0.69	RMBMX
RMBTX	-0.72	-0.6	0.84	-0.86	-0.85	-0.85	-0.69		RMBTX
	RMBBX	RMBHX	RMBPX	RMBLX	RMBKX	RMBNX	RMBMX	RMBTX

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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

RMBKX	+ 1.0	RMBLX
RMBNX	+ 1.0	RMBLX
RMBNX	+ 1.0	RMBKX
RMBMX	+ 0.99	RMBBX
RMBHX	+ 0.95	RMBBX
RMBMX	+ 0.95	RMBHX

High negative correlations

RMBTX	- 0.86	RMBLX
RMBTX	- 0.85	RMBNX
RMBTX	- 0.85	RMBKX
RMBTX	- 0.72	RMBBX
RMBTX	- 0.69	RMBMX
RMBTX	- 0.6	RMBHX

Risk-Adjusted Indicators

There is a big difference between Rmb Mutual Fund performing well and Rmb Fund 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 Rmb Fund'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
RMBBX	0.81	0.00	0.03	0.11	0.91	(0.89)	1.82	(1.43)	6.74
RMBHX	0.49	(0.02)	(0.06)	0.08	0.60	(0.50)	0.93	(1.34)	3.99
RMBPX	1.05	(0.14)	0.00	(0.06)	0.00	0.00	1.83	(2.31)	8.00
RMBLX	1.12	0.00	0.07	0.10	0.94	(1.30)	2.67	(1.84)	13.32
RMBKX	1.12	0.00	0.07	0.10	0.94	(1.34)	2.67	(1.84)	13.31
RMBNX	1.12	0.00	0.07	0.10	0.95	(1.33)	2.67	(1.86)	13.34
RMBMX	0.75	(0.01)	0.02	0.10	0.83	(0.76)	1.63	(1.37)	5.91
RMBTX	0.73	(0.19)	0.00	(0.27)	0.00	0.00	1.13	(1.79)	4.80

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