Rbc Global Correlations

RGRLX Fund

USD 10.28 0.01 0.1%

The current 90-days correlation between Rbc Global Equity and Scharf Global Opportunity is 0.69 (i.e., Poor diversification). The correlation of Rbc Global 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 Global Correlation With Market

Very good diversification

The correlation between Rbc Global Equity and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rbc Global 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 Global 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 bureau of economic analysis.

Moving together with Rbc Mutual Fund

0.62	TEEAX	Rbc Small Cap	Pair Corr
0.62	TETAX	Rbc Enterprise	Pair Corr
0.62	TETIX	Rbc Enterprise	Pair Corr
0.67	RRSVX	Rbc Small Cap	Pair Corr
0.67	RSVIX	Rbc Small Cap	Pair Corr
0.63	RBRCX	Rbc Small Cap	Pair Corr
0.67	RBVAX	Rbc Small Cap	Pair Corr
0.63	RCSIX	Rbc Small Cap	Pair Corr
0.66	RECAX	Rbc Bluebay Emerging	Pair Corr
0.66	RECIX	Rbc Emerging Markets	Pair Corr
0.66	RECRX	Rbc Emerging Markets	Pair Corr
0.7	TMVAX	Rbc Microcap Value	Pair Corr
1.0	RGELX	Rbc Global Equity	Pair Corr

Related Correlations Analysis

	WRLDX	GMADX	DBIWX	PREAX	BPGSX	ZGFIX	TEDIX
WRLDX		0.73	0.85	0.78	0.83	0.78	0.87	WRLDX
GMADX	0.73		0.83	0.33	0.83	0.87	0.49	GMADX
DBIWX	0.85	0.83		0.45	0.94	0.89	0.65	DBIWX
PREAX	0.78	0.33	0.45		0.37	0.35	0.86	PREAX
BPGSX	0.83	0.83	0.94	0.37		0.86	0.6	BPGSX
ZGFIX	0.78	0.87	0.89	0.35	0.86		0.56	ZGFIX
TEDIX	0.87	0.49	0.65	0.86	0.6	0.56		TEDIX
	WRLDX	GMADX	DBIWX	PREAX	BPGSX	ZGFIX	TEDIX

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Risk-Adjusted Indicators

There is a big difference between Rbc Mutual Fund performing well and Rbc Global 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 Global'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
WRLDX	0.58	(0.06)	0.00	0.33	0.00	0.00	1.03	(1.68)	2.96
GMADX	0.68	0.07	0.08	0.01	1.34	(0.66)	1.25	(1.63)	11.02
DBIWX	0.25	0.00	0.27	(0.11)	0.32	(0.27)	0.48	(0.57)	1.67
PREAX	0.73	(0.14)	0.00	0.50	0.00	0.00	1.37	(1.30)	4.25
BPGSX	0.55	0.08	0.28	(0.62)	0.57	(0.60)	1.08	(0.84)	3.09
ZGFIX	0.48	0.04	0.11	(0.02)	0.80	(0.45)	0.93	(1.19)	3.33
TEDIX	0.62	(0.03)	0.00	(0.16)	0.00	0.00	0.93	(1.47)	7.42

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Rbc Global Correlations

Rbc Global Correlation With Market

Very good diversification

Moving together with Rbc Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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