Basic Materials Correlations

RYBCX Fund

USD 73.20 0.56 0.77%

The current 90-days correlation between Basic Materials and Zacks Small Cap E is 0.13 (i.e., Average diversification). The correlation of Basic Materials 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.

Basic Materials Correlation With Market

Very poor diversification

The correlation between Basic Materials Fund 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 Basic Materials 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 Basic Materials 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 unemployment.

Moving together with Basic Mutual Fund

1.0	RYBAX	Basic Materials	Pair Corr
0.99	RYBMX	Basic Materials	Pair Corr
1.0	RYBIX	Basic Materials	Pair Corr
0.9	RYAHX	Mid Cap 15x	Pair Corr
0.76	RYAQX	Inverse Government Long	Pair Corr
0.68	RYEAX	Energy Fund Class	Pair Corr
0.67	RYECX	Energy Fund Class	Pair Corr
0.97	RYCIX	Consumer Products	Pair Corr
0.68	RYEIX	Energy Fund Investor	Pair Corr
0.8	RYESX	Energy Services	Pair Corr
0.65	RYENX	Energy Fund Class	Pair Corr
0.85	RYHGX	High Yield Strategy	Pair Corr
0.86	RYHDX	High Yield Strategy	Pair Corr
0.64	RYMBX	Commodities Strategy	Pair Corr
0.97	RYPDX	Consumer Products	Pair Corr
0.87	RYSIX	Electronics Fund Investor	Pair Corr
0.85	RYSVX	Sp Smallcap 600	Pair Corr
0.81	RYVCX	Energy Services	Pair Corr
0.74	RYVLX	Nasdaq 100 2x	Pair Corr
0.84	RYYCX	Sp Smallcap 600	Pair Corr
0.98	TRNEX	T Rowe Price	Pair Corr
0.97	VMIAX	Vanguard Materials Index	Pair Corr
0.98	PRNEX	T Rowe Price	Pair Corr
0.9	GEACX	Gmo Trust	Pair Corr
0.9	GAAHX	Gmo Resources	Pair Corr
0.89	GMOWX	Gmo Resources	Pair Corr
0.95	GHAIX	Global Hard Assets	Pair Corr
0.96	FMFEX	Materials Portfolio	Pair Corr
0.95	FMFAX	Materials Portfolio	Pair Corr
0.96	FMFCX	Materials Portfolio	Pair Corr
0.63	RYMJX	Commodities Strategy	Pair Corr
0.97	BRUFX	Bruce Fund Bruce	Pair Corr
0.84	SPGSX	State Street Premier	Pair Corr
0.87	KF	Korea Closed	Pair Corr
0.66	PAMFX	Federated Pennsylvania	Pair Corr

Moving against Basic Mutual Fund

0.52	RYUIX	Utilities Fund Investor	Pair Corr
0.47	RYIHX	Inverse High Yield	Pair Corr

Related Correlations Analysis

	CSCVX	BGRWX	JMCRX	ICHKX	EMSLX	LVAMX	NOM	FSEBX	RYHHX	ZSCCX
CSCVX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CSCVX
BGRWX	0.0		0.89	0.45	0.89	0.82	0.77	0.69	0.81	0.84	BGRWX
JMCRX	0.0	0.89		0.64	0.93	0.84	0.67	0.8	0.89	0.93	JMCRX
ICHKX	0.0	0.45	0.64		0.62	0.58	0.31	0.69	0.48	0.62	ICHKX
EMSLX	0.0	0.89	0.93	0.62		0.82	0.74	0.79	0.87	0.88	EMSLX
LVAMX	0.0	0.82	0.84	0.58	0.82		0.78	0.69	0.8	0.78	LVAMX
NOM	0.0	0.77	0.67	0.31	0.74	0.78		0.57	0.72	0.62	NOM
FSEBX	0.0	0.69	0.8	0.69	0.79	0.69	0.57		0.81	0.76	FSEBX
RYHHX	0.0	0.81	0.89	0.48	0.87	0.8	0.72	0.81		0.8	RYHHX
ZSCCX	0.0	0.84	0.93	0.62	0.88	0.78	0.62	0.76	0.8		ZSCCX
	CSCVX	BGRWX	JMCRX	ICHKX	EMSLX	LVAMX	NOM	FSEBX	RYHHX	ZSCCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EMSLX	+ 0.93	JMCRX
ZSCCX	+ 0.93	JMCRX
JMCRX	+ 0.89	BGRWX
EMSLX	+ 0.89	BGRWX
RYHHX	+ 0.89	JMCRX
ZSCCX	+ 0.88	EMSLX

High negative correlations

ZSCCX	- 0.0	CSCVX
RYHHX	- 0.0	CSCVX
FSEBX	- 0.0	CSCVX
NOM	- 0.0	CSCVX
LVAMX	- 0.0	CSCVX
EMSLX	- 0.0	CSCVX

Risk-Adjusted Indicators

There is a big difference between Basic Mutual Fund performing well and Basic Materials 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 Basic Materials' 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
CSCVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BGRWX	0.74	0.21	0.30	0.34	0.26	(0.95)	1.14	(0.88)	15.46
JMCRX	0.85	0.06	0.07	0.12	0.80	(1.04)	2.38	(1.87)	4.76
ICHKX	0.59	0.08	0.05	0.36	0.53	(0.68)	1.31	(1.07)	3.43
EMSLX	0.93	0.41	0.40	0.78	0.21	(1.08)	1.64	(1.63)	19.22
LVAMX	0.90	0.40	0.54	1.80	0.00	(1.20)	1.30	(0.90)	24.86
NOM	1.24	0.14	0.07	0.51	1.25	(1.45)	2.90	(2.37)	6.83
FSEBX	0.61	0.02	0.01	0.09	0.81	(0.60)	1.20	(1.53)	3.65
RYHHX	0.15	(0.01)	(0.29)	0.03	0.13	(0.17)	0.38	(0.32)	0.99
ZSCCX	0.86	0.09	0.04	0.35	0.95	(0.89)	1.97	(1.90)	5.12

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