Rmb Small Correlations

Mutual Funds . USA . 
Fund . Rmb Small Cap
RMBBX Fund  USD 16.70  0.03  0.18%   
The current 90-days correlation between Rmb Small Cap and Transamerica Intermediate Muni is 0.06 (i.e., Significant diversification). The correlation of Rmb Small 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 Small Correlation With Market

Poor diversification

The correlation between Rmb Small Cap and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Small Cap 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 Small Cap. 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 bureau of labor statistics.

Moving together with Rmb Mutual Fund

  0.69RMBHX Rmb Fund APairCorr
  0.62RMBGX Rmb Fund IPairCorr
  0.69RMBJX Rmb Fund CPairCorr
  0.84RMBMX Rmb Smid CapPairCorr
  0.68RMBTX Rmb InternationalPairCorr
  0.71VSGIX Vanguard Small CapPairCorr
  0.79VEXRX Vanguard ExplorerPairCorr
  0.67JGMIX Janus TritonPairCorr
  0.67JGMRX Janus TritonPairCorr
  0.67JGMAX Janus TritonPairCorr
  0.67JGMCX Janus TritonPairCorr
  0.67JGMNX Janus TritonPairCorr
  0.68POMIX T Rowe PricePairCorr
  0.63SRJIX Jpmorgan SmartretirementPairCorr
  0.74MFCCX Meridian ContrarianPairCorr
  0.72BGVCX Brandes Global EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Rmb Mutual Fund performing well and Rmb Small 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 Small'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.

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