Rmb Fund Correlations

Mutual Funds . USA . 
Fund . Rmb Fund C
RMBJX Fund  USD 26.63  0.22  0.83%   
The current 90-days correlation between Rmb Fund C and Rmb Small Cap is 0.66 (i.e., Poor 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

Good diversification

The correlation between Rmb Fund C and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Fund C 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 C. 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 economic analysis.

Moving together with Rmb Mutual Fund

  0.82RMBBX Rmb Small CapPairCorr
  0.96RMBHX Rmb Fund APairCorr
  0.96RMBGX Rmb Fund IPairCorr
  0.88RMBLX Rmb Mendon FinancialPairCorr
  0.88RMBKX Rmb Mendon FinancialPairCorr
  0.87RMBNX Rmb Mendon FinancialPairCorr
  0.87RMBMX Rmb Smid CapPairCorr
  0.81RMBTX Rmb InternationalPairCorr
  0.95FAFGX American FundsPairCorr
  0.95FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.95CGFEX Growth FundPairCorr
  0.95RGAEX Growth FundPairCorr
  0.93SMPSX Semiconductor UltrasectorPairCorr
  0.91SMPIX Semiconductor UltrasectorPairCorr
  0.86TTEEX T Rowe PricePairCorr
  0.86TREMX T Rowe PricePairCorr
  0.95FELIX Fidelity Advisor SemPairCorr
  0.95ONERX One Rock FundPairCorr
  0.96RYVYX Nasdaq 100 2xPairCorr
  0.96RYVLX Nasdaq 100 2xPairCorr
  0.92FSELX Fidelity Select SemiPairCorr
  0.67CEE Central Europe RussiaPairCorr
  0.94AACRX Strategic Allocation:PairCorr
  0.9FTFZX Franklin Federal LimPairCorr
  0.93HFZCX Hartford SchrodersPairCorr
  0.94RAATX American Funds 2010PairCorr
  0.87AGLYX Ariel GlobalPairCorr
  0.95ACP Aberdeen Income CreditPairCorr
  0.93JULCX Multimanager LifestylePairCorr
  0.95CMEGX Columbia Moderate 529PairCorr
  0.96TEDMX Templeton DevelopingPairCorr
  0.9TCSEX Tiaa Cref SmallPairCorr

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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