Rmb Smid Correlations

RMBMX Fund

USD 14.84 0.05 0.34%

The current 90-days correlation between Rmb Smid Cap and Pace High Yield is 0.29 (i.e., Modest diversification). The correlation of Rmb Smid 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 Smid Correlation With Market

Very poor diversification

The correlation between Rmb Smid Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Smid Cap 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 Smid Cap. 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 population.

Moving together with RMB Mutual Fund

0.99	RMBBX	Rmb Small Cap	Pair Corr
0.94	RMBHX	Rmb Fund A	Pair Corr
0.94	RMBGX	Rmb Fund I	Pair Corr
0.94	RMBJX	Rmb Fund C	Pair Corr
0.88	RMBLX	Rmb Mendon Financial	Pair Corr
0.83	RMBKX	Rmb Mendon Financial	Pair Corr
0.88	RMBNX	Rmb Mendon Financial	Pair Corr
0.98	PAMCX	T Rowe Price	Pair Corr
0.98	RRMGX	T Rowe Price	Pair Corr
0.98	TRQZX	T Rowe Price	Pair Corr
0.92	RPMGX	T Rowe Price	Pair Corr
0.96	PRJIX	T Rowe Price	Pair Corr
0.96	PRNHX	T Rowe Price	Pair Corr
0.96	TRUZX	T Rowe Price	Pair Corr
0.99	PCBIX	Midcap Fund Institutional	Pair Corr
0.94	PEMGX	Midcap Fund Class	Pair Corr
0.99	PMBCX	Midcap Fund Class	Pair Corr
0.91	SPGSX	State Street Premier	Pair Corr
0.98	ASTZX	Astor Long/short	Pair Corr
0.83	SGPGX	Sgi Prudent Growth	Pair Corr
0.96	MIEYX	Mm Sp 500	Pair Corr
0.96	AMEIX	Equity Growth	Pair Corr
0.87	WWLAX	Westwood Largecap Value	Pair Corr
0.97	PCWPX	Strategic Asset Mana	Pair Corr
0.66	PHYZX	Prudential High Yield	Pair Corr
0.97	AMGOX	Alger Mid Cap	Pair Corr
0.78	RRTCX	T Rowe Price	Pair Corr
0.86	MAWAX	Mfs Aggressive Growth	Pair Corr
0.97	FSKAX	Fidelity Total Market	Pair Corr

Moving against RMB Mutual Fund

0.66	RMBTX	Rmb International	Pair Corr
0.47	RMBPX	Rmb Japan Fund	Pair Corr
0.79	KF	Korea Closed	Pair Corr

Related Correlations Analysis

	PHYPX	TIHPX	DAHYX	PGHCX	FAGIX	MRHYX	PHYQX	ARTFX
PHYPX		0.86	0.91	0.93	0.9	0.92	0.93	0.95	PHYPX
TIHPX	0.86		0.9	0.91	0.75	0.87	0.89	0.85	TIHPX
DAHYX	0.91	0.9		0.94	0.86	0.96	0.9	0.9	DAHYX
PGHCX	0.93	0.91	0.94		0.87	0.94	0.97	0.97	PGHCX
FAGIX	0.9	0.75	0.86	0.87		0.93	0.79	0.91	FAGIX
MRHYX	0.92	0.87	0.96	0.94	0.93		0.88	0.92	MRHYX
PHYQX	0.93	0.89	0.9	0.97	0.79	0.88		0.95	PHYQX
ARTFX	0.95	0.85	0.9	0.97	0.91	0.92	0.95		ARTFX
	PHYPX	TIHPX	DAHYX	PGHCX	FAGIX	MRHYX	PHYQX	ARTFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between RMB Mutual Fund performing well and Rmb Smid 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 Smid'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PHYPX	0.10	0.01	(0.57)	0.25	(0.15)	0.23	(0.23)	0.68
TIHPX	0.13	0.01	(0.59)	0.21	(0.20)	0.34	(0.23)	0.91
DAHYX	0.11	0.02	(0.64)	1.36	(0.15)	0.23	(0.23)	0.57
PGHCX	0.13	0.03	(0.34)	(1.02)	(0.34)	0.53	(0.26)	0.80
FAGIX	0.19	0.05	(0.22)	2.07	(0.26)	0.40	(0.29)	1.17
MRHYX	0.09	0.02	(0.65)	4.94	(0.14)	0.23	(0.12)	0.47
PHYQX	0.12	0.02	(0.46)	(1.23)	(0.29)	0.42	(0.21)	0.63
ARTFX	0.12	0.04	(0.60)	(1.12)	(0.20)	0.33	(0.22)	1.01

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