Royce Premier Correlations

RPFFX Fund

USD 12.11 0.18 1.51%

The current 90-days correlation between Royce Premier and T Rowe Price is 0.91 (i.e., Almost no diversification). The correlation of Royce Premier 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.

Royce Premier Correlation With Market

Good diversification

The correlation between Royce Premier Fund and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Royce Premier Fund 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 Royce Premier Fund. 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 census.

Moving together with Royce Mutual Fund

0.95	RYOFX	Royce Opportunity	Pair Corr
0.93	VSMAX	Vanguard Small Cap	Pair Corr
0.93	VSCIX	Vanguard Small Cap	Pair Corr
0.93	VSCPX	Vanguard Small Cap	Pair Corr
0.88	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.96	DFSTX	Us Small Cap	Pair Corr
0.95	PASVX	T Rowe Price	Pair Corr
0.95	PRVIX	T Rowe Price	Pair Corr
0.95	TRZVX	T Rowe Price	Pair Corr
0.88	PRSVX	T Rowe Price	Pair Corr
0.85	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.79	RYVLX	Nasdaq 100 2x	Pair Corr
0.85	RYVYX	Nasdaq 100 2x	Pair Corr
0.79	UOPIX	Ultra Nasdaq 100	Pair Corr
0.79	RYCCX	Nasdaq 100 2x	Pair Corr
0.79	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.81	INPIX	Internet Ultrasector	Pair Corr
0.81	INPSX	Internet Ultrasector	Pair Corr
0.78	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.69	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.77	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Royce Mutual Fund

0.71	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.61	KO	Coca Cola Aggressive Push	Pair Corr
0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.46	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	PASVX	TWSAX	REACX	PHYAX	TWSMX
PASVX		0.89	0.28	0.57	0.86	PASVX
TWSAX	0.89		0.41	0.67	0.99	TWSAX
REACX	0.28	0.41		0.68	0.47	REACX
PHYAX	0.57	0.67	0.68		0.72	PHYAX
TWSMX	0.86	0.99	0.47	0.72		TWSMX
	PASVX	TWSAX	REACX	PHYAX	TWSMX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Royce Mutual Fund performing well and Royce Premier 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 Royce Premier'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
PASVX	0.77	0.11	0.03	21.53	0.75	(0.84)	1.81	(1.22)	6.47
TWSAX	0.45	0.05	(0.07)	(1.49)	0.48	(0.52)	0.96	(0.71)	2.66
REACX	0.67	0.07	0.00	0.77	0.77	(0.70)	1.28	(1.29)	3.81
PHYAX	0.12	0.01	(0.33)	(0.35)	0.00	(0.19)	0.25	(0.25)	0.87
TWSMX	0.37	0.03	(0.10)	15.25	0.40	(0.41)	0.90	(0.73)	2.12

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