Rmb Mendon Correlations
| RMBKX Fund | USD 50.39 0.11 0.22% |
The current 90-days correlation between Rmb Mendon Financial and Rmb Mendon Financial is 1.0 (i.e., No risk reduction). The correlation of Rmb Mendon 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 Mendon Correlation With Market
Very weak diversification
The correlation between Rmb Mendon Financial and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Mendon Financial and DJI in the same portfolio, assuming nothing else is changed.
Rmb |
Moving together with Rmb Mutual Fund
| 1.0 | RMBNX | Rmb Mendon Financial | PairCorr |
| 0.87 | FRBCX | Regional Bank | PairCorr |
| 0.73 | JRGRX | Regional Bank | PairCorr |
| 0.84 | TFIFX | T Rowe Price | PairCorr |
| 0.7 | HCMQX | Hcm Dividend Sector | PairCorr |
| 0.67 | CETAX | Centerstone Investors | PairCorr |
| 0.63 | JRLVX | Retirement Living Through | PairCorr |
Related Correlations Analysis
| 0.85 | 0.59 | 0.94 | 0.82 | RMBNX | ||
| 0.85 | 0.74 | 0.84 | 0.96 | HSFNX | ||
| 0.59 | 0.74 | 0.62 | 0.77 | UMPSX | ||
| 0.94 | 0.84 | 0.62 | 0.89 | HSSIX | ||
| 0.82 | 0.96 | 0.77 | 0.89 | FFBFX | ||
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Risk-Adjusted Indicators
There is a big difference between Rmb Mutual Fund performing well and Rmb Mendon 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 Mendon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RMBNX | 1.07 | 0.06 | 0.03 | 0.21 | 1.11 | 2.40 | 5.86 | |||
| HSFNX | 1.15 | 0.22 | 0.04 | (1.40) | 1.16 | 2.56 | 7.52 | |||
| UMPSX | 1.41 | 0.41 | 0.15 | 28.65 | 1.47 | 4.15 | 12.29 | |||
| HSSIX | 1.02 | 0.29 | 0.12 | (4.02) | 0.96 | 2.41 | 5.66 | |||
| FFBFX | 1.01 | 0.27 | 0.10 | (1.86) | 0.97 | 2.41 | 5.62 |