Rice Hall Correlations

RHJSX Fund  USD 22.33  0.57  2.62%   
The current 90-days correlation between Rice Hall James and Dreyfus Strategic Value is 0.86 (i.e., Very poor diversification). The correlation of Rice Hall 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.

Rice Hall Correlation With Market

Very poor diversification

The correlation between Rice Hall James and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rice Hall James 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 Rice Hall James. 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 state.

Moving together with Rice Mutual Fund

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Rice Mutual Fund performing well and Rice Hall 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 Rice Hall'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.