Rmb Fund Correlations

Mutual Funds . USA . 
Fund . Rmb Fund A
RMBHX Fund  USD 38.13  0.17  0.45%   
The current 90-days correlation between Rmb Fund A and Pimco Unconstrained Bond is 0.16 (i.e., Average 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 A and DJI is 0.88 (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 A 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 A. 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 census.

Moving together with Rmb Mutual Fund

  0.84RMBBX Rmb Small CapPairCorr
  1.0RMBGX Rmb Fund IPairCorr
  1.0RMBJX Rmb Fund CPairCorr
  0.81RMBMX Rmb Smid CapPairCorr
  0.83RMBTX Rmb InternationalPairCorr
  0.92FAFGX American FundsPairCorr
  0.92FFAFX American FundsPairCorr
  0.92GFACX Growth FundPairCorr
  0.92GFAFX Growth FundPairCorr
  0.92AGTHX Growth FundPairCorr
  0.92CGFFX Growth FundPairCorr
  0.92CGFCX Growth FundPairCorr
  0.92CGFAX Growth FundPairCorr
  0.92CGFEX Growth FundPairCorr
  0.92RGAEX Growth FundPairCorr
  0.87DXQLX Direxion Monthly NasdaqPairCorr
  0.87RYVLX Nasdaq 100 2x Steady GrowthPairCorr
  0.87RYVYX Nasdaq 100 2x Steady GrowthPairCorr
  0.88UOPIX Ultra Nasdaq 100 Steady GrowthPairCorr
  0.87RYCCX Nasdaq 100 2x Steady GrowthPairCorr
  0.88UOPSX Ultranasdaq 100 Profund Steady GrowthPairCorr
  0.8INPIX Internet UltrasectorPairCorr
  0.8INPSX Internet UltrasectorPairCorr
  0.77BIPIX Biotechnology Ultrasector Steady GrowthPairCorr
  0.89FNIPX Fidelity Freedom IndexPairCorr
  0.86FWCBX American Funds CapitalPairCorr
  0.82PIEFX Pnc Emerging MarketsPairCorr
  0.79AMFNX Asg Managed FuturesPairCorr
  0.84CVSIX Calamos Market NeutralPairCorr
  0.78IREIX Ivy Advantus RealPairCorr
  0.91MMNJX MmnjxPairCorr
  0.75PICYX Pioneer BondPairCorr
  0.74TRIIX Catalystsmh Total ReturnPairCorr
  0.96CMLIX Congress Large CapPairCorr
  0.91MAAFX Mfs Aggressive GrowthPairCorr
  0.92VNSYX Vaughan Nelson SelectPairCorr

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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