Rbc Bluebay Correlations

Mutual Funds . USA . 
Fund . Rbc Bluebay Emerging
RECAX Fund  USD 13.44  0.09  0.67%   
The current 90-days correlation between Rbc Bluebay Emerging and Rbc Small Cap is 0.57 (i.e., Very weak diversification). The correlation of Rbc Bluebay 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.

Rbc Bluebay Correlation With Market

Significant diversification

The correlation between Rbc Bluebay Emerging and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rbc Bluebay Emerging 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 Rbc Bluebay Emerging. 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 Rbc Mutual Fund

  0.9TEEAX Rbc Small CapPairCorr
  0.93TETAX Rbc EnterprisePairCorr
  0.93TETIX Rbc EnterprisePairCorr
  0.99RREMX Rbc Emerging MarketsPairCorr
  0.93RRSVX Rbc Small CapPairCorr
  0.87RSDIX Rbc Short DurationPairCorr
  0.89RSHFX Rbc Short DurationPairCorr
  0.97RSMRX Rbc Smid CapPairCorr
  0.94RBCIX Rbc China Equity Steady GrowthPairCorr
  0.94RBCRX Rbc Bluebay Absolute Steady GrowthPairCorr
  0.92RSVIX Rbc Small CapPairCorr
  0.95RBESX Rbc Bluebay EmergingPairCorr
  0.95RBERX Rbc Bluebay EmergingPairCorr
  0.9RBRCX Rbc Small CapPairCorr
  0.95RBSIX Rbc Funds TrustPairCorr
  0.95RBSRX Rbc Bluebay StrategicPairCorr
  0.93RBVAX Rbc Small CapPairCorr
  0.94RCEAX Riversource Series Trust Steady GrowthPairCorr
  0.83RCPAX Rbc Bluebay CorePairCorr
  0.83RCPRX Rbc Bluebay CorePairCorr
  0.9RCSIX Rbc Small CapPairCorr
  0.93RULFX Rbc Ultra ShortPairCorr
  0.92RUSIX Rbc Ultra ShortPairCorr
  0.97TMCAX Rbc Smid CapPairCorr
  0.97TMCIX Rbc Smid CapPairCorr
  0.99RECIX Rbc Emerging MarketsPairCorr
  1.0RECRX Rbc Emerging MarketsPairCorr
  0.99REEAX Rbc Emerging MarketsPairCorr
  0.98REEIX Rbc Emerging MarketsPairCorr
  0.97TMVAX Rbc Microcap ValuePairCorr
  0.99REMVX Rbc Emerging MarketsPairCorr
  0.95RESAX Rbc Bluebay EmergingPairCorr
  0.99REVAX Rbc Funds TrustPairCorr
  0.98RGELX Rbc Global EquityPairCorr
  0.99RGHYX Rbc Bluebay GlobalPairCorr
  0.98RGOIX Rbc Global OpportunitiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Rbc Mutual Fund performing well and Rbc Bluebay 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 Rbc Bluebay'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
TEEAX  0.89  0.16  0.00 (0.62) 0.93 
(1.03)
 2.33 
(1.96)
 5.95 
TETAX  0.90  0.18  0.01 (0.68) 0.91 
(1.09)
 2.14 
(1.68)
 5.75 
TETIX  0.89  0.18  0.02 (0.68) 0.89 
(1.05)
 2.17 
(1.67)
 5.84 
RREMX  0.52  0.23  0.15 (63.41) 0.00 
(0.70)
 1.82 
(0.82)
 3.99 
RRSVX  0.89  0.21  0.04 (0.87) 0.85 
(1.04)
 2.51 
(1.74)
 6.17 
RSDIX  0.09  0.01 (0.93) 1.83  0.00 
(0.15)
 0.21 
(0.10)
 0.62 
RSHFX  0.09  0.01 (0.87) 1.95  0.00 
(0.16)
 0.21 
(0.20)
 0.72 
RSMRX  0.83  0.18  0.02 (0.97) 0.78 
(1.01)
 2.04 
(1.70)
 5.85 
RBCIX  0.82  0.22  0.08 (76.00) 0.68 
(1.04)
 2.78 
(1.62)
 5.69 
RBCRX  0.82  0.22  0.08 (121.54) 0.68 
(1.02)
 2.78 
(1.62)
 5.89 

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