Rmb Mendon Correlations

RMBKX Fund

USD 50.23 0.71 1.39%

The current 90-days correlation between Rmb Mendon Financial and Rmb Mendon Financial is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Rmb Mendon Financial and DJI is -0.1 (i.e., Good 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 signals in bureau of economic analysis.

Moving together with Rmb Mutual Fund

0.74	RMBBX	Rmb Small Cap	Pair Corr
0.71	RMBHX	Rmb Fund A	Pair Corr
0.71	RMBGX	Rmb Fund I	Pair Corr
0.71	RMBJX	Rmb Fund C	Pair Corr
0.92	RMBLX	Rmb Mendon Financial	Pair Corr
1.0	RMBNX	Rmb Mendon Financial	Pair Corr
0.65	RMBMX	Rmb Smid Cap	Pair Corr
0.82	VFAIX	Vanguard Financials Index	Pair Corr
0.97	FRBCX	Regional Bank	Pair Corr
0.89	JRGRX	Regional Bank	Pair Corr
0.82	PRISX	T Rowe Price	Pair Corr
0.82	FIDCX	Financial Industries	Pair Corr
0.77	JFDRX	Financial Industries	Pair Corr
0.89	TFIFX	T Rowe Price	Pair Corr
0.83	DVFYX	Davis Financial	Pair Corr
0.87	RPFGX	Davis Financial	Pair Corr
0.88	DFFCX	Davis Financial	Pair Corr
0.66	BTMPX	Ishares Msci Eafe	Pair Corr
0.79	MASPX	Blackrock Value Opps	Pair Corr
0.66	TAAIX	Thrivent Aggressive	Pair Corr
0.65	MRGKX	Mfs E Equity	Pair Corr
0.66	FSTUX	Invesco Dividend Income	Pair Corr
0.68	HCKIX	Hartford Checks	Pair Corr
0.63	PHTMX	Principal Lifetime Hybrid	Pair Corr

Related Correlations Analysis

	RMBNX	HSFNX	UMPSX	HSSIX	FFBFX
RMBNX		0.9	0.83	0.89	0.89	RMBNX
HSFNX	0.9		0.91	0.96	0.96	HSFNX
UMPSX	0.83	0.91		0.9	0.9	UMPSX
HSSIX	0.89	0.96	0.9		1.0	HSSIX
FFBFX	0.89	0.96	0.9	1.0		FFBFX
	RMBNX	HSFNX	UMPSX	HSSIX	FFBFX

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
RMBNX	0.88	0.04	(0.04)	(0.14)	1.03	(0.94)	1.90	(1.41)	5.83
HSFNX	1.01	(0.05)	0.00	0.04	1.13	(1.11)	2.07	(1.68)	7.08
UMPSX	1.30	(0.07)	0.02	0.04	1.35	(1.64)	3.11	(2.21)	7.68
HSSIX	0.87	(0.04)	(0.01)	0.04	0.86	(1.06)	1.99	(1.32)	6.39
FFBFX	0.87	(0.04)	(0.01)	0.04	0.88	(1.06)	1.97	(1.32)	6.39

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Rmb Mendon Correlations

Rmb Mendon Correlation With Market

Good diversification

Moving together with Rmb Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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