Rmb International Correlations

RMBTX Fund

USD 11.56 0.07 0.60%

The current 90-days correlation between Rmb International and Fdzbpx is -0.1 (i.e., Good diversification). The correlation of Rmb International 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 International Correlation With Market

Poor diversification

The correlation between Rmb International Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb International Fund 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 International Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Rmb Mutual Fund

0.72	VGTSX	Vanguard Total Inter	Pair Corr
0.72	VTIAX	Vanguard Total Inter	Pair Corr
0.98	VTSNX	Vanguard Total Inter	Pair Corr
0.98	VTPSX	Vanguard Total Inter	Pair Corr
0.88	VTISX	Vanguard Total Inter	Pair Corr
0.75	VTMGX	Vanguard Developed	Pair Corr
0.99	VDVIX	Vanguard Developed	Pair Corr
0.99	VTMNX	Vanguard Developed	Pair Corr
0.99	VDIPX	Vanguard Developed	Pair Corr
0.99	FSPSX	Fidelity International	Pair Corr
0.79	ERH	Allspring Utilities And	Pair Corr
0.75	WHIYX	Ivy High Income	Pair Corr
0.76	IVHIX	Ivy High Income	Pair Corr
0.76	IHIFX	Ivy High Income	Pair Corr
0.74	WRHIX	Ivy High Income	Pair Corr
0.73	WHIAX	Ivy High Income	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.8	VZ	Verizon Communications	Pair Corr
0.77	HD	Home Depot	Pair Corr

Moving against Rmb Mutual Fund

0.63	IBM	International Business	Pair Corr
0.37	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	FDZBPX	FBANJX	LMUSX	IAADX	FKHEMX	OPTCX	IEMSX
FDZBPX		0.96	0.92	0.91	0.95	0.97	0.89	FDZBPX
FBANJX	0.96		0.96	0.96	0.99	0.98	0.95	FBANJX
LMUSX	0.92	0.96		0.97	0.95	0.93	0.95	LMUSX
IAADX	0.91	0.96	0.97		0.95	0.91	0.94	IAADX
FKHEMX	0.95	0.99	0.95	0.95		0.95	0.93	FKHEMX
OPTCX	0.97	0.98	0.93	0.91	0.95		0.93	OPTCX
IEMSX	0.89	0.95	0.95	0.94	0.93	0.93		IEMSX
	FDZBPX	FBANJX	LMUSX	IAADX	FKHEMX	OPTCX	IEMSX

Risk-Adjusted Indicators

There is a big difference between Rmb Mutual Fund performing well and Rmb International 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 International'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
FDZBPX	0.26	0.06	(0.11)	8.17	0.11	(0.34)	0.60	(0.59)	1.81
FBANJX	0.42	0.10	(0.03)	(1.15)	0.29	(0.49)	1.04	(0.71)	2.28
LMUSX	0.48	0.06	0.07	0.19	0.25	(0.62)	1.15	(0.68)	2.59
IAADX	0.15	0.07	(0.22)	10.16	0.00	(0.21)	0.42	(0.21)	0.87
FKHEMX	0.53	0.13	0.01	(0.77)	0.42	(0.61)	1.32	(0.98)	2.82
OPTCX	0.19	0.05	(0.26)	(0.87)	0.00	(0.25)	0.51	(0.31)	1.12
IEMSX	0.50	0.15	0.08	3.21	0.23	(0.61)	1.19	(0.67)	3.49

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