Rmb Fund Correlations

Mutual Funds . USA . 
Fund . Rmb Fund C
RMBJX Fund  USD 27.86  0.09  0.32%   
The current 90-days correlation between Rmb Fund C and Fidelity Sai Convertible is 0.17 (i.e., Average diversification). The correlation of Rmb Fund 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 Fund Correlation With Market

Very poor diversification

The correlation between Rmb Fund C and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Fund C 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 Fund C. 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 inflation.

Moving together with Rmb Mutual Fund

  0.93RMBBX Rmb Small CapPairCorr
  1.0RMBHX Rmb Fund APairCorr
  1.0RMBGX Rmb Fund IPairCorr
  0.83RMBLX Rmb Mendon FinancialPairCorr
  0.78RMBKX Rmb Mendon FinancialPairCorr
  0.83RMBNX Rmb Mendon FinancialPairCorr
  0.94RMBMX Rmb Smid CapPairCorr
  0.84FAFGX American FundsPairCorr
  0.84FFAFX American FundsPairCorr
  0.9GFACX Growth FundPairCorr
  0.9GFAFX Growth FundPairCorr
  0.9AGTHX Growth FundPairCorr
  0.9CGFFX Growth FundPairCorr
  0.9CGFCX Growth FundPairCorr
  0.9CGFAX Growth FundPairCorr
  0.9CGFEX Growth FundPairCorr
  0.9RGAEX Growth FundPairCorr
  0.91VSTSX Vanguard Total StockPairCorr
  0.91VSMPX Vanguard Total StockPairCorr
  0.91VITSX Vanguard Total StockPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.84VFIAX Vanguard 500 IndexPairCorr
  0.91VINIX Vanguard InstitutionalPairCorr
  0.91VTSAX Vanguard Total StockPairCorr
  0.91FSKAX Fidelity Total MarketPairCorr
  0.67CARYX Columbia Adaptive RiskPairCorr
  0.93PRWAX T Rowe PricePairCorr
  0.88AMGOX Alger Mid CapPairCorr
  0.76AMFFX American MutualPairCorr
  0.79FFALX Franklin Founding FundsPairCorr
  0.79NML Neuberger Berman MlpPairCorr
  0.67TRBUX T Rowe PricePairCorr
  0.88BPIRX Boston Partners LongshortPairCorr
  0.89USA Liberty All StarPairCorr

Moving against Rmb Mutual Fund

  0.57RMBTX Rmb InternationalPairCorr
  0.36RMBPX Rmb Japan FundPairCorr

Related Correlations Analysis

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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   
PRCCX
+ 0.94
FSAWX
AVK
+ 0.52
GCV
PRCCX
+ 0.45
CCD
AVK
+ 0.37
PRCCX
CCD
+ 0.36
FSAWX
AVK
+ 0.33
FSAWX
  
High negative correlations   
CCD
- 0.44
GCV
AVK
- 0.19
CCD
PRCCX
- 0.04
GCV

Risk-Adjusted Indicators

There is a big difference between Rmb Mutual Fund performing well and Rmb Fund 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 Fund'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.

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