Rmb International Correlations

Mutual Funds . USA . 
Fund . Rmb International Fund
RMBTX Fund  USD 11.18  0.11  0.99%   
The current 90-days correlation between Rmb International and Rmb Small Cap is -0.11 (i.e., Good diversification). The correlation of Rmb International 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 International Correlation With Market

Very weak diversification

The correlation between Rmb International Fund and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rmb International Fund 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 International Fund. 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 estimate.

Moving together with Rmb Mutual Fund

  0.89RMBBX Rmb Small CapPairCorr
  0.94RMBHX Rmb Fund APairCorr
  0.94RMBGX Rmb Fund IPairCorr
  0.94RMBJX Rmb Fund CPairCorr
  0.79RMBLX Rmb Mendon FinancialPairCorr
  0.79RMBKX Rmb Mendon FinancialPairCorr
  0.79RMBNX Rmb Mendon FinancialPairCorr
  0.87RMBMX Rmb Smid CapPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  0.98VTMGX Vanguard DevelopedPairCorr
  0.96VDVIX Vanguard DevelopedPairCorr
  0.98VTMNX Vanguard DevelopedPairCorr
  0.96VDIPX Vanguard DevelopedPairCorr
  0.99FSPSX Fidelity InternationalPairCorr
  0.88SMPIX Semiconductor UltrasectorPairCorr
  0.88SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.88TTEEX T Rowe PricePairCorr
  0.88TREMX T Rowe PricePairCorr
  0.9FIKGX Fidelity Advisor SemPairCorr
  0.91ONERX One Rock FundPairCorr
  0.91FELCX Fidelity Advisor SemPairCorr
  0.91FELIX Fidelity Advisor SemPairCorr
  0.91FSELX Fidelity Select SemiPairCorr
  0.9FELAX Fidelity Advisor SemPairCorr
  0.91HRLYX Hartford GlobalPairCorr
  0.88VSVIX Victory Integrity SmallPairCorr
  0.88PGRUX Global Real EstatePairCorr
  0.88PYLSX Payden Limited MaturityPairCorr
  0.93PACLX T Rowe PricePairCorr
  0.95IMOZX Voya Midcap OpportunitiesPairCorr
  0.94IVVIX Ivy Small CapPairCorr
  0.96FHGLX Fidelity Advisor FreedomPairCorr
  0.74GRETX Goldman Sachs RealPairCorr
  0.94DGTSX Global Allocation 2575PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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