Royce Micro Correlations
| RMT Stock | USD 9.21 0.14 1.50% |
The current 90-days correlation between Royce Micro Cap and Tekla Healthcare Investors is 0.22 (i.e., Modest diversification). The correlation of Royce Micro 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 |
Moving together with Royce Stock
| 0.78 | SYF | Synchrony Financial | PairCorr |
| 0.69 | ALLY | Ally Financial | PairCorr |
| 0.64 | SOFI | SoFi Technologies | PairCorr |
| 0.67 | BN | Brookfield Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Royce Stock performing well and Royce Micro Company 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 Micro'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HQH | 0.82 | 0.06 | 0.06 | 0.15 | 0.97 | 1.62 | 4.67 | |||
| NIE | 0.74 | 0.03 | 0.03 | 0.06 | 1.04 | 1.49 | 4.80 | |||
| RQI | 0.83 | (0.01) | 0.00 | (0.02) | 0.00 | 1.88 | 5.65 | |||
| RNP | 0.71 | (0.03) | 0.00 | (0.06) | 0.00 | 1.49 | 5.45 | |||
| RSF | 0.38 | 0.02 | 0.05 | 2.82 | 0.46 | 0.87 | 3.00 | |||
| JEQ | 0.70 | 0.07 | 0.07 | 0.16 | 0.95 | 1.23 | 4.60 | |||
| PUYI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CXH | 0.43 | 0.00 | 0.01 | 0.01 | 0.68 | 0.76 | 3.44 | |||
| MUI | 0.46 | (0.03) | 0.00 | 0.30 | 0.00 | 0.73 | 3.95 |