Regional Bank Correlations

Mutual Funds . USA . 
Fund . Regional Bank Fund
FRBAX Fund  USD 29.74  0.44  1.50%   
The current 90-days correlation between Regional Bank and Abs Insights Emerging is 0.15 (i.e., Average diversification). The correlation of Regional Bank 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.

Regional Bank Correlation With Market

Good diversification

The correlation between Regional Bank Fund and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regional Bank Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Regional Bank 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 nation.

Moving together with Regional Mutual Fund

  0.89JQLCX Multimanager LifestylePairCorr
  0.88JAAIX Alternative AssetPairCorr
  0.91JABJX John Hancock FundsPairCorr
  0.92JABPX John Hancock FundsPairCorr
  0.9JSLAX Multimanager LifestylePairCorr
  0.86JSNIX Jhancock Short DurationPairCorr
  0.85JDJRX Jhancock DiversifiedPairCorr
  0.93JDVNX Jhancock DisciplinedPairCorr
  0.94JVMAX John Hancock DisciplinedPairCorr
  0.93JVMIX John Hancock DisciplinedPairCorr
  0.94JVLAX John Hancock DisciplinedPairCorr
  0.9JEMQX John Hancock EmergingPairCorr
  0.91JFIRX Floating Rate IncomePairCorr
  0.92JGECX Jhancock Global EquityPairCorr
  0.67JYEBX Jhancock Real EstatePairCorr
  0.89JGYAX John Hancock GlobalPairCorr
  0.7JHBSX John Hancock BondPairCorr
  0.88USGLX Us Global LeadersPairCorr
  0.94FIDAX Financial IndustriesPairCorr
  0.75JHNBX John Hancock BondPairCorr
  0.87JHSFX John Hancock MunicipalPairCorr
  0.9JILMX Multimanager LifestylePairCorr
  0.62JIREX Real Estate SecuritiesPairCorr
  0.87GOIGX John Hancock InternaPairCorr
  0.9JLAEX Retirement Living ThroughPairCorr
  0.91TAGRX Fundamental Large CapPairCorr
  0.91JLCFX Fundamental Large CapPairCorr
  0.92JLGOX Lifestyle Ii GrowthPairCorr
  0.89JLKLX Retirement Living ThroughPairCorr
  0.94VFAIX Vanguard Financials IndexPairCorr
  1.0FRBCX Regional BankPairCorr
  0.97JRGRX Regional BankPairCorr
  0.95PRISX T Rowe PricePairCorr
  0.94FIDCX Financial IndustriesPairCorr
  0.92JFDRX Financial IndustriesPairCorr
  0.95TFIFX T Rowe PricePairCorr
  0.96DVFYX Davis FinancialPairCorr
  0.94RPFGX Davis FinancialPairCorr
  0.94DFFCX Davis FinancialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Regional Mutual Fund performing well and Regional Bank 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 Regional Bank'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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