RBC Portefeuille Correlations

0P00007069

CAD 41.04 0.12 0.29%

The current 90-days correlation between RBC Portefeuille and BMO Aggregate Bond is -0.14 (i.e., Good diversification). The correlation of RBC Portefeuille 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.

RBC Portefeuille Correlation With Market

Average diversification

The correlation between RBC Portefeuille de and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RBC Portefeuille de and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RBC Portefeuille could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Portefeuille when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RBC Portefeuille - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RBC Portefeuille de to buy it.

Moving together with RBC Fund

0.88	0P000070HA	CI Global Alpha	Pair Corr
0.93	0P00007138	RBC sciences biologiques	Pair Corr
0.97	0P000070JI	Fidelity Technology	Pair Corr
0.93	0P0000733H	RBC Global Technology	Pair Corr
0.88	0P0000716B	Mawer Equity A	Pair Corr
0.92	0P000071W8	TD Index Fund	Pair Corr
0.93	0P000077P2	RBC Dividend	Pair Corr

Moving against RBC Fund

0.8	0P000070H9	CI Global Health	Pair Corr
0.59	0P00009XRG	Mawer Global Small	Pair Corr

Related Correlations Analysis

	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO	TKU	ERE-UN
ZUAG-U		-0.23	-0.17	0.52	-0.83	0.47	0.3	0.56	-0.46	ZUAG-U
XHB	-0.23		0.51	-0.45	0.65	-0.67	0.17	-0.71	0.82	XHB
EDGF	-0.17	0.51		-0.11	0.47	-0.39	0.33	-0.3	0.36	EDGF
SOLR	0.52	-0.45	-0.11		-0.59	0.33	-0.01	0.55	-0.58	SOLR
0P0000OXA6	-0.83	0.65	0.47	-0.59		-0.65	-0.03	-0.76	0.79	0P0000OXA6
ALA-PA	0.47	-0.67	-0.39	0.33	-0.65		-0.19	0.64	-0.6	ALA-PA
ECO	0.3	0.17	0.33	-0.01	-0.03	-0.19		-0.08	0.12	ECO
TKU	0.56	-0.71	-0.3	0.55	-0.76	0.64	-0.08		-0.77	TKU
ERE-UN	-0.46	0.82	0.36	-0.58	0.79	-0.6	0.12	-0.77		ERE-UN
	ZUAG-U	XHB	EDGF	SOLR	0P0000OXA6	ALA-PA	ECO	TKU	ERE-UN

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ERE-UN	+ 0.82	XHB
ERE-UN	+ 0.79	0P0000OXA6
0P0000OXA6	+ 0.65	XHB
TKU	+ 0.64	ALA-PA
TKU	+ 0.56	ZUAG-U
TKU	+ 0.55	SOLR

High negative correlations

0P0000OXA6	- 0.83	ZUAG-U
ERE-UN	- 0.77	TKU
TKU	- 0.76	0P0000OXA6
TKU	- 0.71	XHB
ALA-PA	- 0.67	XHB
ALA-PA	- 0.65	0P0000OXA6

Risk-Adjusted Indicators

There is a big difference between RBC Fund performing well and RBC Portefeuille 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 Portefeuille'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
ZUAG-U	0.14	(0.04)	0.00	3.71	0.00	0.00	0.42	(0.46)	2.35
XHB	0.19	0.01	(0.49)	(0.22)	0.13	(0.24)	0.41	(0.31)	1.07
EDGF	0.81	0.01	(0.05)	0.18	1.11	(1.17)	2.20	(1.86)	6.42
SOLR	6.23	0.49	0.01	(0.28)	8.17	(26.04)	25.00	(20.00)	50.00
0P0000OXA6	0.50	0.09	(0.02)	0.78	0.50	(0.54)	1.07	(1.18)	4.34
ALA-PA	0.51	0.01	(0.17)	0.06	0.67	(0.60)	1.15	(1.45)	3.73
ECO	1.48	(0.03)	(0.05)	0.04	1.87	(1.71)	3.84	(3.00)	11.63
TKU	7.30	(0.06)	0.00	0.07	10.51	(34.52)	33.33	(25.00)	83.33
ERE-UN	1.45	0.54	0.30	(3.38)	0.72	(1.99)	3.95	(1.48)	20.23

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Our tools can tell you how much better you can do entering a position in RBC Portefeuille without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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