Royce Premier Correlations

Mutual Funds . USA . 
Fund . Royce Premier Fund
RPFIX Fund  USD 10.50  0.13  1.25%   
The current 90-days correlation between Royce Premier and Royce Opportunity Fund is 0.01 (i.e., Significant 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

Very poor diversification

The correlation between Royce Premier Fund and DJI is 0.85 (i.e., Very poor 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 gross domestic product.

Moving together with Royce Mutual Fund

  0.93ROFCX Royce OpportunityPairCorr
  0.95ROFIX Royce OpportunityPairCorr
  0.93ROFRX Royce OpportunityPairCorr
  0.95RPMIX Royce Pennsylvania MutualPairCorr
  0.95RPRCX Royce PremierPairCorr
  0.85RSEIX Royce Special EquityPairCorr
  0.85RSQCX Royce Special EquityPairCorr
  0.97RTRRX Royce Total ReturnPairCorr
  0.93RTRIX Royce Total ReturnPairCorr
  0.95RVPIX Royce Smaller CompaniesPairCorr
  0.94RYMCX Royce Micro CapPairCorr
  0.95RYPCX Royce Pennsylvania MutualPairCorr
  0.89RYTCX Royce Total ReturnPairCorr
  0.95VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr
  0.95VSCPX Vanguard Small CapPairCorr
  0.97NAESX Vanguard Small CapPairCorr
  0.93FSSNX Fidelity Small CapPairCorr
  0.96DFSTX Us Small CapPairCorr
  0.97PASVX T Rowe PricePairCorr
  0.97PRVIX T Rowe PricePairCorr
  0.97TRZVX T Rowe PricePairCorr
  0.94PRSVX T Rowe PricePairCorr

Moving against Royce Mutual Fund

  0.66TIKPX Tiaa-cref Inflation-linkedPairCorr
  0.62GAMDX Goldman Sachs LocalPairCorr
  0.61LIDRX Lord Abbett InternationalPairCorr
  0.56CENTX Centerstone InvestorsPairCorr
  0.53LSBDX Loomis Sayles BondPairCorr
  0.49PFN Pimco Income StrategyPairCorr
  0.43JJCDX JjcdxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ROFCX  1.09 (0.22) 0.00  4.42  0.00 
 0.00 
 1.78 
(2.90)
 5.98 
ROFIX  1.10 (0.14) 0.00 (0.15) 0.00 
 0.00 
 1.87 
(2.92)
 5.99 
ROFRX  1.09 (0.21) 0.00  4.57  0.00 
 0.00 
 1.85 
(2.88)
 6.04 
RPMIX  0.88 (0.10) 0.00 (0.13) 0.00 
 0.00 
 1.58 
(2.25)
 4.64 
RSEIX  0.74 (0.12) 0.00 (0.19) 0.00 
 0.00 
 1.23 
(1.56)
 3.23 
RSQCX  0.75 (0.12) 0.00 (0.19) 0.00 
 0.00 
 1.27 
(1.56)
 3.16 
RTRRX  0.81 (0.05) 0.00 (0.09) 0.00 
 0.00 
 1.32 
(2.06)
 4.42 
RTRIX  0.81 (0.11) 0.00  0.68  0.00 
 0.00 
 1.38 
(2.11)
 4.39 
RVPIX  1.19 (0.07) 0.00 (0.10) 0.00 
 0.00 
 2.03 
(3.01)
 6.40 
RYMCX  1.10 (0.19) 0.00 (0.19) 0.00 
 0.00 
 2.15 
(2.81)
 6.91 

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