Rmb Fund Correlations

Mutual Funds . USA . 
Fund . Rmb Fund C
RMBJX Fund  USD 25.78  0.01  0.04%   
The current 90-days correlation between Rmb Fund C and Rmb Small Cap is 0.83 (i.e., Very poor diversification). The correlation of Rmb Fund 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 Fund Correlation With Market

Good diversification

The correlation between Rmb Fund C and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Fund C 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 Fund C. 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 inflation.

Moving together with Rmb Mutual Fund

  0.97RMBBX Rmb Small CapPairCorr
  1.0RMBHX Rmb Fund APairCorr
  0.98RMBGX Rmb Fund IPairCorr
  0.86RMBLX Rmb Mendon FinancialPairCorr
  0.86RMBKX Rmb Mendon FinancialPairCorr
  0.86RMBNX Rmb Mendon FinancialPairCorr
  0.96RMBMX Rmb Smid CapPairCorr
  0.91RMBTX Rmb InternationalPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.98BDBPX Ishares Russell 2000PairCorr
  0.99CFNAX American Funds FundaPairCorr
  0.98CHRSX Invesco CharterPairCorr
  0.97PZIIX Pzena International SmallPairCorr
  0.96SCRSX Small Cap CorePairCorr
  0.96UIVMX Mfs Intrinsic ValuePairCorr
  0.94PGIRX Polen Global GrowthPairCorr
  0.97TLFRX Tiaa Cref LifecyclePairCorr
  0.97FAFRX Franklin Floating RatePairCorr
  0.94DOMOX Domini Impact InternPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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