Rmb Small Correlations

RMBBX Fund

USD 16.55 0.03 0.18%

The current 90-days correlation between Rmb Small Cap and Rmb Fund A is 0.85 (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 0.85 (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

0.97	RMBHX	Rmb Fund A	Pair Corr
0.97	RMBGX	Rmb Fund I	Pair Corr
0.97	RMBJX	Rmb Fund C	Pair Corr
0.92	RMBLX	Rmb Mendon Financial	Pair Corr
0.92	RMBKX	Rmb Mendon Financial	Pair Corr
0.92	RMBNX	Rmb Mendon Financial	Pair Corr
0.99	RMBMX	Rmb Smid Cap	Pair Corr
0.91	RMBTX	Rmb International	Pair Corr
0.98	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.98	VEXPX	Vanguard Explorer	Pair Corr
0.98	VEXRX	Vanguard Explorer	Pair Corr
0.97	JGMIX	Janus Triton	Pair Corr
0.97	JGMRX	Janus Triton	Pair Corr
0.97	JGMAX	Janus Triton	Pair Corr
0.97	JGMCX	Janus Triton	Pair Corr
0.97	JGMNX	Janus Triton	Pair Corr
0.75	GAAKX	Gmo Alternative Allo	Pair Corr
0.74	GAAGX	Gmo Alternative Allo	Pair Corr
0.64	SCD	Lmp Capital And	Pair Corr
0.87	PFALX	Pimco Flexible Credit	Pair Corr
0.94	DEIGX	Massmutual Premier	Pair Corr
0.94	PIEFX	Pnc Emerging Markets	Pair Corr
0.62	MRBCX	Mfs Total Return	Pair Corr
0.95	SSDEX	State Street Target	Pair Corr
0.74	TGRLX	Tiaa Cref Green	Pair Corr
0.95	RBRCX	Rbc Small Cap	Pair Corr
0.95	ETJ	Eaton Vance Risk	Pair Corr
0.95	HRCAX	Harbor Capital Appre	Pair Corr
0.95	FNPFX	New Perspective	Pair Corr
0.99	AFDVX	Applied Finance Explorer	Pair Corr
0.93	TEQCX	Touchstone Sustainability	Pair Corr

Moving against Rmb Mutual Fund

0.55

GPMFX

Guidepath Managed Futures

Pair Corr

Related Correlations Analysis

	RMBBX	RMBHX	RMBGX	RMBJX	RMBLX	RMBKX	RMBNX	RMBMX	RMBTX
RMBBX		0.97	0.97	0.97	0.92	0.92	0.92	0.99	0.91	RMBBX
RMBHX	0.97		1.0	1.0	0.86	0.86	0.86	0.96	0.93	RMBHX
RMBGX	0.97	1.0		1.0	0.86	0.86	0.86	0.96	0.93	RMBGX
RMBJX	0.97	1.0	1.0		0.87	0.86	0.86	0.96	0.93	RMBJX
RMBLX	0.92	0.86	0.86	0.87		1.0	1.0	0.92	0.8	RMBLX
RMBKX	0.92	0.86	0.86	0.86	1.0		1.0	0.92	0.8	RMBKX
RMBNX	0.92	0.86	0.86	0.86	1.0	1.0		0.91	0.8	RMBNX
RMBMX	0.99	0.96	0.96	0.96	0.92	0.92	0.91		0.89	RMBMX
RMBTX	0.91	0.93	0.93	0.93	0.8	0.8	0.8	0.89		RMBTX
	RMBBX	RMBHX	RMBGX	RMBJX	RMBLX	RMBKX	RMBNX	RMBMX	RMBTX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RMBBX	0.82	0.03	0.03	0.16	0.87	(0.97)	2.28	(1.60)	6.56
RMBHX	0.65	0.06	0.05	0.19	0.59	(0.69)	1.82	(1.29)	5.24
RMBGX	0.65	0.06	0.05	0.19	0.61	(0.69)	1.82	(1.30)	5.22
RMBJX	0.66	0.06	0.05	0.19	0.61	(0.71)	1.83	(1.28)	5.21
RMBLX	1.12	0.15	0.11	0.28	1.01	(1.23)	2.53	(2.45)	5.97
RMBKX	1.12	0.15	0.11	0.28	1.01	(1.23)	2.53	(2.45)	5.98
RMBNX	1.12	0.14	0.10	0.27	1.02	(1.22)	2.53	(2.46)	6.00
RMBMX	0.76	0.02	0.01	0.15	0.90	(0.87)	1.78	(1.46)	6.45
RMBTX	0.58	0.09	0.02	0.34	0.53	(0.68)	1.30	(1.34)	3.27

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