Rmb Small Correlations

Mutual Funds . USA . 
Fund . Rmb Small Cap
RMBBX Fund  USD 18.78  0.03  0.16%   
The current 90-days correlation between Rmb Small Cap and Champlain Mid Cap is 0.8 (i.e., Very poor diversification). The correlation of Rmb Small 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 Small Correlation With Market

Very poor diversification

The correlation between Rmb Small Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Small 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 Small 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 bureau of labor statistics.

Moving together with Rmb Mutual Fund

  0.95RMBHX Rmb Fund APairCorr
  0.95RMBGX Rmb Fund IPairCorr
  0.94RMBJX Rmb Fund CPairCorr
  0.92RMBLX Rmb Mendon FinancialPairCorr
  0.92RMBKX Rmb Mendon FinancialPairCorr
  0.91RMBNX Rmb Mendon FinancialPairCorr
  0.99RMBMX Rmb Smid CapPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  0.98JGMIX Janus TritonPairCorr
  0.98JGMRX Janus TritonPairCorr
  0.98JGMAX Janus TritonPairCorr
  0.98JGMCX Janus TritonPairCorr
  0.98JGMNX Janus TritonPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.83EAFHX Eaton Vance FloatingPairCorr
  0.99NBGIX Neuberger Berman GenesisPairCorr
  0.96RTSGX Transamerica Small CapPairCorr
  0.93OMGNX Oppenheimer Main StreetPairCorr
  0.81LGMAX Loomis Sayles GlobalPairCorr
  0.99DSMFX Destinations Small MidPairCorr
  0.87RNGHX New Economy FundPairCorr
  0.95LGLFX Lord Abbett GrowthPairCorr

Moving against Rmb Mutual Fund

  0.72RMBTX Rmb InternationalPairCorr
  0.49RMBPX Rmb Japan FundPairCorr
  0.45DSDYX Dreyfusstandish GlobalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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