Rmb Fund Correlations

RMBGX Fund

USD 35.58 3.51 8.98%

The current 90-days correlation between Rmb Fund I and Qs Moderate Growth is 0.94 (i.e., Almost no 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 0.85 (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

0.75	RMBBX	Rmb Small Cap	Pair Corr
0.68	RMBHX	Rmb Fund A	Pair Corr
0.67	RMBLX	Rmb Mendon Financial	Pair Corr
0.63	RMBKX	Rmb Mendon Financial	Pair Corr
0.68	RMBNX	Rmb Mendon Financial Potential Growth	Pair Corr
0.77	RMBTX	Rmb International	Pair Corr
0.68	VIGAX	Vanguard Growth Index	Pair Corr
0.64	FIRSX	Fidelity Income Repl	Pair Corr
0.76	PYEQX	Pioneer Equity Income	Pair Corr
0.7	FTDEX	Ftdex	Pair Corr
0.68	IICAX	Large Cap Equity	Pair Corr
0.67	VFFSX	Vanguard 500 Index	Pair Corr
0.78	NSTAX	Neuberger Berman Str	Pair Corr
0.89	CICAX	Investment Of America	Pair Corr
0.76	FPCGX	Fort Pitt Capital	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr
0.9	PSBIX	Strategic Asset Mana	Pair Corr
0.75	AABKX	American Century One	Pair Corr

Related Correlations Analysis

	SCGCX	LMLRX	MGAFX	PSIJX	IVGAX	JLGSX
SCGCX		0.97	0.85	0.8	0.8	0.84	SCGCX
LMLRX	0.97		0.84	0.79	0.83	0.83	LMLRX
MGAFX	0.85	0.84		0.92	0.76	0.99	MGAFX
PSIJX	0.8	0.79	0.92		0.79	0.91	PSIJX
IVGAX	0.8	0.83	0.76	0.79		0.76	IVGAX
JLGSX	0.84	0.83	0.99	0.91	0.76		JLGSX
	SCGCX	LMLRX	MGAFX	PSIJX	IVGAX	JLGSX

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
SCGCX	0.43	(0.02)	(0.06)	0.04	0.66	(0.41)	0.87	(1.06)	2.54
LMLRX	0.24	(0.01)	(0.15)	0.04	0.29	(0.25)	0.51	(0.57)	1.38
MGAFX	0.45	0.02	(0.07)	0.20	0.61	(0.45)	0.93	(0.93)	2.61
PSIJX	1.11	0.08	0.01	0.47	1.50	(1.12)	2.72	(2.27)	6.75
IVGAX	0.54	0.01	0.00	0.09	0.67	(0.57)	1.20	(1.16)	2.98
JLGSX	0.44	0.02	(0.06)	0.28	0.61	(0.45)	0.90	(1.02)	2.55

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Rmb Fund Correlations

Rmb Fund Correlation With Market

Very poor diversification

Moving together with Rmb Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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