Regional Bank Correlations

Mutual Funds . USA . 
Fund . Regional Bank Fund
FRBAX Fund  USD 23.71  0.83  3.38%   
The current 90-days correlation between Regional Bank and Ms Global Fixed is -0.03 (i.e., Good diversification). The correlation of Regional Bank 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.

Regional Bank Correlation With Market

Very poor diversification

The correlation between Regional Bank Fund and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regional Bank Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Regional Bank 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 nation.

Moving together with Regional Mutual Fund

  1.0FRBCX Regional BankPairCorr
  0.69JQLMX Multimanager LifestylePairCorr
  0.87JQLBX Multimanager LifestylePairCorr
  0.94JQLAX Multimanager LifestylePairCorr
  0.92JQLGX Multimanager LifestylePairCorr
  1.0JRBFX Regional BankPairCorr
  0.93JRETX J Hancock IiPairCorr
  1.0JRGRX Regional BankPairCorr
  0.89JRLQX Retirement Living ThroughPairCorr
  0.89JRLUX Multi Index 2045PairCorr
  0.91JRLWX Retirement Living ThroughPairCorr
  0.89JRLVX Retirement Living ThroughPairCorr
  0.91JRLZX Retirement Living ThroughPairCorr
  0.93JROUX J Hancock IiPairCorr
  0.91JRODX J Hancock IiPairCorr
  0.91JAAFX Jhancock Multi IndexPairCorr
  0.91JAAJX Jhancock Multi IndexPairCorr
  0.69JAAIX Alternative AssetPairCorr
  0.91JAAKX Jhancock Multi IndexPairCorr
  0.72JAAPX Alternative AssetPairCorr
  0.68JAARX Alternative AssetPairCorr
  0.73JRTGX Retirement Living ThroughPairCorr
  0.7JAASX Alternative AssetPairCorr
  0.74JRTIX Multi Index 2030PairCorr
  0.93JAAVX Jhancock MultimanagerPairCorr
  0.8JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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