Rmb Fund Correlations

Mutual Funds . USA . 
Fund . Rmb Fund I
RMBGX Fund  USD 37.39  0.60  1.63%   
The current 90-days correlation between Rmb Fund I and Fidelity Flex Servative is 0.07 (i.e., Significant 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

Very poor diversification

The correlation between Rmb Fund I and DJI is 0.89 (i.e., Very poor 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 rate.

Moving together with Rmb Mutual Fund

  0.85RMBBX Rmb Small CapPairCorr
  1.0RMBHX Rmb Fund APairCorr
  1.0RMBJX Rmb Fund CPairCorr
  0.82RMBLX Rmb Mendon Financial Steady GrowthPairCorr
  0.82RMBKX Rmb Mendon Financial Steady GrowthPairCorr
  0.81RMBNX Rmb Mendon Financial Steady GrowthPairCorr
  0.88RMBMX Rmb Smid CapPairCorr
  0.8RMBTX Rmb InternationalPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.96SMPSX Semiconductor Ultrasector Potential GrowthPairCorr
  0.96SMPIX Semiconductor Ultrasector Potential GrowthPairCorr
  0.92TTEEX T Rowe PricePairCorr
  0.92TREMX T Rowe PricePairCorr
  0.97FELIX Fidelity Advisor SemPairCorr
  0.96ONERX One Rock FundPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98RYVLX Nasdaq 100 2xPairCorr
  0.97FSELX Fidelity Select SemiPairCorr
  0.98RRTIX T Rowe PricePairCorr
  0.96PCPAX Pace Large ValuePairCorr
  0.93CLM Cornerstone StrategicPairCorr
  0.99WBRESX WbresxPairCorr
  0.79JDURX Prudential UtilityPairCorr
  0.86VCBDX Valic Company IPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.95VPRSX Voya Jpmorgan SmallPairCorr
  0.95PDI Pimco Dynamic IncomePairCorr
  0.9PTY Pimco Corporate IncomePairCorr
  0.87EVV Eaton Vance LimitedPairCorr

Related Correlations Analysis


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.

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