RBC Monthly Competition

0P0000Q354

9.96 0.00 0.00%

RBC Monthly vs Edgepoint Global Correlation

Very weak diversification

The correlation between RBC Monthly Income and 0P0000IUYO is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RBC Monthly Income and 0P0000IUYO in the same portfolio, assuming nothing else is changed.

Moving together with RBC Fund

0.7	0P0000706A	RBC Select Balanced	Pair Corr
0.7	0P0000S9O7	PIMCO Monthly Income	Pair Corr
0.65	0P0000S9O5	PIMCO Monthly Income	Pair Corr
0.63	0P000072KJ	RBC Canadian Dividend	Pair Corr
0.68	0P00007069	RBC Portefeuille	Pair Corr

Specify up to 10 symbols:

RBC Monthly Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between RBC Monthly and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of RBC and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of RBC Monthly Income does not affect the price movement of the other competitor.

	0P0000706A	0P0000S9O7	0P0000S9O5	0P000072KJ	0P00007069	0P0000WJMR	0P0000IUYO
0P0000706A		0.92	0.91	0.93	1.0	0.98	0.89	0P0000706A
0P0000S9O7	0.92		0.97	0.94	0.92	0.92	0.84	0P0000S9O7
0P0000S9O5	0.91	0.97		0.94	0.91	0.91	0.82	0P0000S9O5
0P000072KJ	0.93	0.94	0.94		0.94	0.97	0.84	0P000072KJ
0P00007069	1.0	0.92	0.91	0.94		0.98	0.89	0P00007069
0P0000WJMR	0.98	0.92	0.91	0.97	0.98		0.9	0P0000WJMR
0P0000IUYO	0.89	0.84	0.82	0.84	0.89	0.9		0P0000IUYO
	0P0000706A	0P0000S9O7	0P0000S9O5	0P000072KJ	0P00007069	0P0000WJMR	0P0000IUYO

Risk-Adjusted Indicators

There is a big difference between RBC Fund performing well and RBC Monthly 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 RBC Monthly'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
0P0000706A	0.32	0.04	(0.05)	0.44	0.29	(0.34)	0.66	(0.67)	1.85
0P0000S9O7	0.11	0.02	(0.30)	1.06	0.00	(0.15)	0.24	(0.16)	0.71
0P0000S9O5	0.12	0.02	(0.33)	0.65	0.00	(0.16)	0.24	(0.16)	0.71
0P000072KJ	0.44	0.12	0.09	2.97	0.37	(0.50)	0.94	(1.00)	2.27
0P00007069	0.39	0.05	(0.02)	0.47	0.37	(0.41)	0.77	(0.84)	2.33
0P0000WJMR	0.42	0.08	0.02	2.07	0.43	(0.46)	0.81	(1.03)	2.17
0P0000IUYO	0.55	0.08	0.07	0.26	0.39	(0.62)	1.33	(0.82)	3.32

RBC Monthly Competitive Analysis

The better you understand RBC Monthly competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, RBC Monthly's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across RBC Monthly's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	0P0000Q354	0P0000706A	0P0000S9O7	0P0000S9O5	0P000072KJ	0P00007069	0P0000WJMR	0P0000IUYO
	0.00 9.96 RBC	0.05 37.23 RBC	0.08 12.75 PIMCO	0.08 12.75 PIMCO	0.29 135.83 RBC	0.07 44.63 RBC	0.25 15.74 0P0000WJMR	0.17 42.40 Edgepoint
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Fair	Good	Good	Good	Solid	Good	Good	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Over Valued	Over Valued	Under Valued	Fairly Valued	Fairly Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Hold	Strong Sell	Strong Sell	Strong Buy	Hold	Buy	Strong Buy
Cash Position Weight	N/A	3.41 %	45.16 %	45.16 %	4.22 %	3.07 %	8.16 %	6.31 %
Equity Positions Weight	N/A	59.73 %	0.27 %	0.27 %	94.60 %	74.82 %	64.28 %	93.69 %
Three Year Return	N/A	2.41 %	1.17 %	1.00 %	(1.34) %	2.40 %	N/A	(1.18) %
Net Asset	N/A	30.68 B	16.11 B	16.11 B	12.55 B	8.86 B	8.83 B	6.78 B
Minimum Initial Investment	N/A	500	100 K	500	500	500	50	20 K
Five Year Return	N/A	3.60 %	2.76 %	2.60 %	1.29 %	3.88 %	N/A	3.90 %
One Year Return	N/A	(1.59) %	(3.30) %	(3.44) %	(13.43) %	(2.91) %	N/A	(18.06) %
Bond Positions Weight	N/A	33.88 %	41.52 %	41.52 %	N/A	19.88 %	15.14 %	N/A
Ten Year Return	N/A	5.75 %	N/A	N/A	5.10 %	6.15 %	N/A	9.60 %
Day Typical Price	9.96	37.23	12.75	12.75	135.83	44.63	15.74	42.4
Daily Balance Of Power	0.0	0	0	0	9.2 T	0	9.2 T	9.2 T
Period Momentum Indicator	N/A	(0.02)	(0.01)	(0.01)	0.39	(0.03)	0.04	0.07
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	9.96	37.23	12.75	12.75	135.83	44.63	15.74	42.4
Price Action Indicator	N/A	(0.01)	(0.01)	(0.01)	0.2	(0.01)	0.02	0.035
Relative Strength Index	60.23	44.25	65.96	61.29	39.5	44.79	37.15	46.35
Coefficient Of Variation	784.42	737.84	479.19	520.47	416.74	722.91	566.22	556.69
Mean Deviation	0.0912	0.324	0.1135	0.1166	0.4416	0.3859	0.4154	0.5516
Jensen Alpha	0.0061	0.0393	0.0188	0.0158	0.1193	0.0507	0.0788	0.0847
Total Risk Alpha	(0.01)	0.0081	0.0068	0.0044	0.0713	0.0131	0.0336	0.0513
Sortino Ratio	(0.28)	(0.05)	(0.30)	(0.33)	0.0901	(0.02)	0.0191	0.0701
Downside Variance	0.0498	0.1989	0.0279	0.0257	0.3291	0.2637	0.3368	0.4294
Standard Deviation	0.1327	0.4194	0.1443	0.1441	0.551	0.5037	0.5187	0.7039
Kurtosis	6.7	(0.03)	0.2318	0.0161	0.0244	0.079	0.1722	(0.14)
Potential Upside	0.2037	0.6563	0.2394	0.2379	0.9372	0.7671	0.8147	1.33
Treynor Ratio	0.5961	0.4374	1.06	0.6527	2.97	0.4666	2.07	0.2589
Maximum Drawdown	0.8112	1.85	0.7132	0.7132	2.27	2.33	2.17	3.32
Variance	0.0176	0.1759	0.0208	0.0208	0.3036	0.2537	0.269	0.4954
Market Risk Adjusted Performance	0.6061	0.4474	1.07	0.6627	2.98	0.4766	2.08	0.2689
Risk Adjusted Performance	0.0497	0.0952	0.1163	0.1036	0.1791	0.1003	0.13	0.1361
Skewness	(1.72)	(0.07)	(0.18)	(0.22)	(0.51)	(0.08)	(0.65)	0.1947
Semi Deviation	0.0	0.2868	0.0	0.0	0.3689	0.3693	0.4291	0.3927
Information Ratio	(0.48)	(0.06)	(0.35)	(0.37)	0.0938	(0.02)	0.0214	0.0652
Value At Risk	(0.20)	(0.67)	(0.16)	(0.16)	(1.00)	(0.84)	(1.03)	(0.82)
Expected Short fall	(0.13)	(0.34)	(0.15)	(0.16)	(0.50)	(0.41)	(0.46)	(0.62)
Downside Deviation	0.2232	0.446	0.1669	0.1604	0.5736	0.5135	0.5803	0.6553
Semi Variance	(0.0007)	0.0822	(0.02)	(0.01)	0.1361	0.1364	0.1841	0.1542

RBC Monthly Competition Performance Charts

Five steps to successful analysis of RBC Monthly Competition

RBC Monthly's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by RBC Monthly Income in relation to its competition. RBC Monthly's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of RBC Monthly in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact RBC Monthly's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to RBC Monthly Income, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your RBC Monthly position

In addition to having RBC Monthly in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Computers Thematic Idea Now

Computers

Companies that manufacture and distribute personal and business computers. The Computers theme has 43 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Computers Theme or any other thematic opportunities.

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