Rbc China Correlations

RBCIX Fund

USD 8.67 0.22 2.47%

The current 90-days correlation between Rbc China Equity and Rbc Small Cap is 0.03 (i.e., Significant diversification). The correlation of Rbc China 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.

Rbc China Correlation With Market

Significant diversification

The correlation between Rbc China Equity and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rbc China Equity 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 Rbc China Equity. 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 gross domestic product.

Moving together with Rbc Mutual Fund

0.85	RREMX	Rbc Emerging Markets	Pair Corr
1.0	RBCRX	Rbc Bluebay Absolute Potential Growth	Pair Corr
0.67	RBIAX	Rbc Funds Trust	Pair Corr
0.63	RBSIX	Rbc Funds Trust	Pair Corr
0.63	RBSRX	Rbc Bluebay Strategic	Pair Corr
1.0	RCEAX	Riversource Series Trust Potential Growth	Pair Corr
0.62	RULFX	Rbc Ultra Short	Pair Corr
0.63	RUSIX	Rbc Ultra Short	Pair Corr
0.85	REEAX	Rbc Emerging Markets	Pair Corr
0.86	REEIX	Rbc Emerging Markets	Pair Corr
0.85	REMVX	Rbc Emerging Markets	Pair Corr
0.84	REVAX	Rbc Funds Trust	Pair Corr

Moving against Rbc Mutual Fund

0.4	ACASX	Access Capital Munity	Pair Corr
0.38	ACCSX	Access Capital Munity	Pair Corr
0.35	ACATX	Alger Capital Apprec	Pair Corr
0.37	RIBAX	Rbc Impact Bond	Pair Corr
0.37	RIBIX	Rbc Impact Bond	Pair Corr
0.37	RIBRX	Rbc Impact Bond	Pair Corr
0.34	RIBYX	Rbc Impact Bond	Pair Corr

Related Correlations Analysis

	TEEAX	TETAX	TETIX	RREMX	RRSVX	RSDIX	RSHFX	RSMRX	RBCRX
TEEAX		0.93	0.93	0.06	0.96	-0.18	-0.36	0.92	0.22	TEEAX
TETAX	0.93		1.0	-0.03	0.9	-0.18	-0.22	0.86	-0.01	TETAX
TETIX	0.93	1.0		-0.02	0.91	-0.18	-0.23	0.87	-0.01	TETIX
RREMX	0.06	-0.03	-0.02		-0.1	0.28	0.03	0.33	0.85	RREMX
RRSVX	0.96	0.9	0.91	-0.1		-0.18	-0.31	0.84	0.08	RRSVX
RSDIX	-0.18	-0.18	-0.18	0.28	-0.18		0.87	0.0	0.17	RSDIX
RSHFX	-0.36	-0.22	-0.23	0.03	-0.31	0.87		-0.23	-0.23	RSHFX
RSMRX	0.92	0.86	0.87	0.33	0.84	0.0	-0.23		0.39	RSMRX
RBCRX	0.22	-0.01	-0.01	0.85	0.08	0.17	-0.23	0.39		RBCRX
	TEEAX	TETAX	TETIX	RREMX	RRSVX	RSDIX	RSHFX	RSMRX	RBCRX

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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

TETIX	+ 1.0	TETAX
RRSVX	+ 0.96	TEEAX
TETAX	+ 0.93	TEEAX
TETIX	+ 0.93	TEEAX
RSMRX	+ 0.92	TEEAX
RRSVX	+ 0.91	TETIX

High negative correlations

RSHFX	- 0.36	TEEAX
RSHFX	- 0.31	RRSVX
RBCRX	- 0.23	RSHFX
RSMRX	- 0.23	RSHFX
RSHFX	- 0.23	TETIX
RSHFX	- 0.22	TETAX

Risk-Adjusted Indicators

There is a big difference between Rbc Mutual Fund performing well and Rbc China 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 Rbc China'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
TEEAX	0.87	(0.05)	(0.01)	0.08	0.85	(1.05)	1.91	(1.47)	6.85
TETAX	1.00	(0.10)	(0.04)	0.05	1.01	(1.18)	2.21	(1.66)	7.78
TETIX	1.00	(0.10)	(0.04)	0.05	1.00	(1.18)	2.19	(1.63)	7.78
RREMX	0.80	(0.04)	(0.11)	0.01	1.00	(0.86)	1.71	(1.97)	5.43
RRSVX	0.88	(0.02)	0.00	0.10	0.78	(1.20)	2.25	(1.77)	7.38
RSDIX	0.08	0.00	(0.86)	0.02	0.00	(0.16)	0.21	(0.10)	0.72
RSHFX	0.08	0.00	(0.97)	0.24	0.05	(0.15)	0.20	(0.10)	0.72
RSMRX	0.79	(0.06)	(0.03)	0.07	0.95	(0.80)	1.79	(1.61)	6.58
RBCRX	1.66	0.14	0.01	4.09	2.09	(2.04)	4.76	(3.10)	15.95

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