Regional Bank Correlations

JRBFX Fund

USD 30.98 0.08 0.26%

The current 90-days correlation between Regional Bank and Praxis Impact Bond is -0.13 (i.e., Good diversification). The correlation of Regional Bank 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.

Regional Bank Correlation With Market

Poor diversification

The correlation between Regional Bank Fund and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regional Bank Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Regional Bank Fund. 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 REGIONAL Mutual Fund

0.88	FRBAX	Regional Bank	Pair Corr
0.88	FRBCX	Regional Bank	Pair Corr
1.0	JRGRX	Regional Bank	Pair Corr

Moving against REGIONAL Mutual Fund

0.34	JRLHX	Retirement Living Through	Pair Corr
0.39	JAAFX	Jhancock Multi Index	Pair Corr
0.37	JRLPX	Multi Index 2020	Pair Corr
0.37	JAARX	Alternative Asset	Pair Corr
0.37	JRTDX	Multi Index 2025	Pair Corr
0.36	JAAIX	Alternative Asset	Pair Corr
0.36	JAAPX	Alternative Asset	Pair Corr
0.48	JRTMX	Multi Index 2035	Pair Corr
0.39	JRTNX	Retirement Living Through	Pair Corr
0.39	JABDX	Jhancock Multimanager	Pair Corr
0.39	JRTWX	Retirement Living Through	Pair Corr
0.38	JRTIX	Multi Index 2030	Pair Corr
0.38	JRTJX	Retirement Living Through	Pair Corr

Related Correlations Analysis

	MIIIX	PBNAX	FWCCX	TIMTX	JAFLX	TBGAX	XMHFX
MIIIX		0.92	0.84	0.8	1.0	0.84	0.63	MIIIX
PBNAX	0.92		0.9	0.88	0.93	0.9	0.75	PBNAX
FWCCX	0.84	0.9		0.99	0.85	1.0	0.83	FWCCX
TIMTX	0.8	0.88	0.99		0.82	0.99	0.8	TIMTX
JAFLX	1.0	0.93	0.85	0.82		0.86	0.64	JAFLX
TBGAX	0.84	0.9	1.0	0.99	0.86		0.81	TBGAX
XMHFX	0.63	0.75	0.83	0.8	0.64	0.81		XMHFX
	MIIIX	PBNAX	FWCCX	TIMTX	JAFLX	TBGAX	XMHFX

Risk-Adjusted Indicators

There is a big difference between REGIONAL Mutual Fund performing well and Regional Bank 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 Regional Bank'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
MIIIX	0.18	0.02	(0.26)	(5.43)	0.06	(0.21)	0.42	(0.31)	1.05
PBNAX	0.16	0.02	(0.23)	0.32	0.00	(0.20)	0.34	(0.25)	1.01
FWCCX	0.12	0.05	(0.16)	7.71	0.00	(0.22)	0.41	(0.20)	0.95
TIMTX	0.10	0.04	(0.29)	1.89	0.00	(0.16)	0.28	(0.09)	0.67
JAFLX	0.15	0.02	(0.27)	1.20	0.00	(0.20)	0.30	(0.20)	0.99
TBGAX	0.13	0.00	(0.15)	0.00	0.00	(0.20)	0.38	(0.18)	1.04
XMHFX	0.15	0.03	(0.17)	3.25	0.00	(0.22)	0.29	(0.14)	1.45

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