Rmb Mendon Correlations

RMBLX Fund

USD 52.86 0.21 0.40%

The current 90-days correlation between Rmb Mendon Financial and Barings Active Short is 0.02 (i.e., Significant diversification). 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 0.55 (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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rmb Mendon Financial. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Rmb Mutual Fund

0.75	VFAIX	Vanguard Financials Index	Pair Corr
0.95	JRGRX	Regional Bank Steady Growth	Pair Corr
0.88	FIDCX	Financial Industries	Pair Corr
0.64	DVFYX	Davis Financial	Pair Corr
0.67	DFFCX	Davis Financial	Pair Corr
0.67	PG	Procter Gamble	Pair Corr
0.7	VZ	Verizon Communications	Pair Corr

Moving against Rmb Mutual Fund

0.68	GPICX	Guidepath Conservative	Pair Corr
0.68	FPXIX	Fidelity Advisor 529	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.4	ONERX	One Rock Fund	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.58	IBM	International Business	Pair Corr
0.47	WMT	Walmart	Pair Corr
0.46	CSCO	Cisco Systems	Pair Corr
0.36	AXP	American Express	Pair Corr

Related Correlations Analysis

	BXDYX	GQESX	AUERX	HDCAX	SEKRX	SEDAX
BXDYX		0.86	0.66	0.85	0.78	0.81	BXDYX
GQESX	0.86		0.7	0.96	0.9	0.84	GQESX
AUERX	0.66	0.7		0.66	0.74	0.67	AUERX
HDCAX	0.85	0.96	0.66		0.94	0.89	HDCAX
SEKRX	0.78	0.9	0.74	0.94		0.85	SEKRX
SEDAX	0.81	0.84	0.67	0.89	0.85		SEDAX
	BXDYX	GQESX	AUERX	HDCAX	SEKRX	SEDAX

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
BXDYX	0.08	0.00	(0.10)	0.41	0.00	(0.15)	0.11	(0.11)	0.64
GQESX	0.56	0.06	0.06	0.09	0.77	(0.54)	1.18	(1.14)	3.44
AUERX	0.80	0.08	0.07	0.10	0.96	(0.88)	1.72	(1.72)	4.33
HDCAX	0.48	0.06	0.08	0.14	0.57	(0.53)	1.01	(0.99)	2.95
SEKRX	0.81	0.05	0.04	0.08	1.06	(0.81)	1.54	(1.20)	5.48
SEDAX	0.19	0.06	0.18	0.90	0.00	(0.26)	0.45	(0.33)	1.09

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