Regional Bank Correlations

Mutual Funds . USA . 
Fund . Regional Bank Fund
JRBFX Fund  USD 28.03  0.08  0.28%   
The current 90-days correlation between Regional Bank and Calvert Moderate Allocation is 0.82 (i.e., Very poor 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

Very poor diversification

The correlation between Regional Bank Fund and DJI is 0.83 (i.e., Very poor 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 Risk vs Return Analysis 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 census.

Moving together with Regional Mutual Fund

  1.0FRBAX Regional BankPairCorr
  1.0FRBCX Regional BankPairCorr
  0.93JQLMX Multimanager LifestylePairCorr
  0.95JQLBX Multimanager LifestylePairCorr
  0.96JQLAX Multimanager LifestylePairCorr
  0.87JQLCX Multimanager LifestylePairCorr
  0.96JQLGX Multimanager LifestylePairCorr
  0.95JRETX J Hancock IiPairCorr
  1.0JRGRX Regional BankPairCorr
  0.83JRLDX Retirement Living ThroughPairCorr
  0.83JRLFX Multi Index 2010PairCorr
  0.87JRLIX Retirement Living ThroughPairCorr
  0.83JRLHX Retirement Living ThroughPairCorr
  0.87JRLKX Multi Index 2015PairCorr
  0.87JRLLX Retirement Living ThroughPairCorr
  0.89JRLOX Retirement Living ThroughPairCorr
  0.94JRLQX Retirement Living ThroughPairCorr
  0.89JRLPX Multi Index 2020PairCorr
  0.94JRLUX Multi Index 2045PairCorr
  0.94JRLWX Retirement Living ThroughPairCorr
  0.94JRLVX Retirement Living ThroughPairCorr
  0.94JRLZX Retirement Living ThroughPairCorr
  0.95JROUX J Hancock IiPairCorr
  0.94JRODX J Hancock IiPairCorr
  0.94JAAFX Jhancock Multi IndexPairCorr
  0.94JAAJX Jhancock Multi IndexPairCorr
  0.92JAAIX Alternative AssetPairCorr
  0.94JAAKX Jhancock Multi IndexPairCorr
  0.92JAAPX Alternative AssetPairCorr
  0.91JRTBX Retirement Living ThroughPairCorr
  0.89JRTAX Retirement Living ThroughPairCorr
  0.92JAARX Alternative AssetPairCorr
  0.91JRTDX Multi Index 2025PairCorr
  0.93JRTGX Retirement Living ThroughPairCorr
  0.91JRTFX Retirement Living ThroughPairCorr
  0.92JAASX Alternative AssetPairCorr
  0.93JRTIX Multi Index 2030PairCorr
  0.95JAAVX Jhancock MultimanagerPairCorr
  0.93JRTKX Retirement Living ThroughPairCorr

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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