Rmb Smid Correlations

Mutual Funds . USA . 
Fund . Rmb Smid Cap
RMBMX Fund  USD 12.56  0.12  0.96%   
The current 90-days correlation between Rmb Smid Cap and Rmb Small Cap is 0.98 (i.e., Almost no diversification). The correlation of Rmb Smid 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 Smid Correlation With Market

Very poor diversification

The correlation between Rmb Smid Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb Smid 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 Smid 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 population.

Moving together with Rmb Mutual Fund

  0.99RMBBX Rmb Small CapPairCorr
  0.96RMBHX Rmb Fund APairCorr
  0.96RMBGX Rmb Fund IPairCorr
  0.96RMBJX Rmb Fund CPairCorr
  0.92RMBLX Rmb Mendon FinancialPairCorr
  0.92RMBKX Rmb Mendon FinancialPairCorr
  0.91RMBNX Rmb Mendon FinancialPairCorr
  0.89RMBTX Rmb InternationalPairCorr
  0.97PAMCX T Rowe PricePairCorr
  0.97RRMGX T Rowe PricePairCorr
  0.97TRQZX T Rowe PricePairCorr
  0.97RPMGX T Rowe PricePairCorr
  0.97PRJIX T Rowe PricePairCorr
  0.97PRNHX T Rowe PricePairCorr
  0.97TRUZX T Rowe PricePairCorr
  0.98PCBIX Midcap Fund InstitutionalPairCorr
  0.98PEMGX Midcap Fund ClassPairCorr
  0.98PMBCX Midcap Fund ClassPairCorr
  0.88BRUFX Bruce Fund BrucePairCorr
  0.93SPGSX State Street PremierPairCorr
  0.77KF Korea ClosedPairCorr
  0.84DSIBX Dreyfus Short IntermPairCorr
  0.93PRIJX T Rowe PricePairCorr
  0.85GNXAX Alphacentric Global Steady GrowthPairCorr
  0.98FLMVX Jpmorgan Mid CapPairCorr
  0.76LAGVX Lord Abbett IncomePairCorr
  0.93ALVIX Large Pany ValuePairCorr
  0.98HMCRX Harbor Mid CapPairCorr
  0.97DCCAX Delaware Small CapPairCorr
  0.96BWLAX American Beacon BridgewayPairCorr
  0.98MXNSX Great West SpPairCorr
  0.94CDDRX Columbia Dividend IncomePairCorr
  0.84FKORQX FkorqxPairCorr
  0.88FIMYX Federated IntermediatePairCorr

Moving against Rmb Mutual Fund

  0.82GPSCX Victory Rs SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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