Basic Materials Correlations

RYBMX Fund

USD 92.36 1.02 1.12%

The current 90-days correlation between Basic Materials and Litman Gregory Funds is 0.3 (i.e., Weak 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 industry.

Moving together with Basic Mutual Fund

0.99	RYBCX	Basic Materials	Pair Corr
0.99	RYBAX	Basic Materials	Pair Corr
0.99	RYBIX	Basic Materials	Pair Corr
0.93	RYAHX	Mid Cap 15x	Pair Corr
0.81	RYAQX	Inverse Government Long	Pair Corr
0.87	RYDHX	Dow Jones Industrial	Pair Corr
0.93	RYCFX	Biotechnology Fund Class	Pair Corr
0.77	RYFNX	Financial Services	Pair Corr
0.74	RYFIX	Financial Services	Pair Corr
0.74	RYEIX	Energy Fund Investor	Pair Corr
0.72	RYFCX	Financial Services	Pair Corr
0.73	RYFAX	Financial Services	Pair Corr
0.82	RYHHX	High Yield Strategy	Pair Corr
0.82	RYHIX	Health Care Fund	Pair Corr
0.85	RYHCX	Health Care Fund	Pair Corr
0.73	RYMBX	Commodities Strategy	Pair Corr
0.96	RYMPX	Precious Metals	Pair Corr
0.87	RYLDX	Dow 2x Strategy	Pair Corr
0.94	RYOIX	Biotechnology Fund	Pair Corr
0.67	RYNHX	Nova Fund Class	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
0.9	GMOWX	Gmo Resources	Pair Corr
0.96	GHAIX	Global Hard Assets	Pair Corr
0.97	FMFEX	Materials Portfolio	Pair Corr
0.98	FMFAX	Materials Portfolio	Pair Corr
0.97	FMFCX	Materials Portfolio	Pair Corr
0.77	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr

Moving against Basic Mutual Fund

0.46	RYIHX	Inverse High Yield	Pair Corr
0.41	RYUIX	Utilities Fund Investor	Pair Corr
0.9	UIPIX	Ultrashort Mid Cap	Pair Corr
0.85	CESGX	Coho Relative Value	Pair Corr
0.81	TCSUX	Cleartrack 2020 Class	Pair Corr
0.79	TCTGX	Transamerica Cleartrack	Pair Corr
0.78	TDKTX	Cleartrack 2015 Class	Pair Corr
0.78	TCTJX	Transamerica Cleartrack	Pair Corr
0.35	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.33	USPIX	Profunds Ultrashort Steady Growth	Pair Corr

Related Correlations Analysis

	RYBAX	RYBIX	RYUIX	CVLEX	AFALX	PRSD	RSJN	TGFRX	RSSE	PCIG
RYBAX		1.0	-0.42	0.97	0.93	0.94	0.95	0.71	0.95	0.45	RYBAX
RYBIX	1.0		-0.41	0.97	0.93	0.94	0.95	0.71	0.95	0.45	RYBIX
RYUIX	-0.42	-0.41		-0.46	-0.48	-0.51	-0.47	-0.48	-0.45	-0.15	RYUIX
CVLEX	0.97	0.97	-0.46		0.93	0.95	0.97	0.71	0.97	0.46	CVLEX
AFALX	0.93	0.93	-0.48	0.93		0.96	0.95	0.71	0.94	0.37	AFALX
PRSD	0.94	0.94	-0.51	0.95	0.96		0.94	0.66	0.93	0.32	PRSD
RSJN	0.95	0.95	-0.47	0.97	0.95	0.94		0.79	1.0	0.47	RSJN
TGFRX	0.71	0.71	-0.48	0.71	0.71	0.66	0.79		0.79	0.41	TGFRX
RSSE	0.95	0.95	-0.45	0.97	0.94	0.93	1.0	0.79		0.5	RSSE
PCIG	0.45	0.45	-0.15	0.46	0.37	0.32	0.47	0.41	0.5		PCIG
	RYBAX	RYBIX	RYUIX	CVLEX	AFALX	PRSD	RSJN	TGFRX	RSSE	PCIG

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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

RYBIX	+ 1.0	RYBAX
RSSE	+ 1.0	RSJN
CVLEX	+ 0.97	RYBAX
CVLEX	+ 0.97	RYBIX
RSJN	+ 0.97	CVLEX
RSSE	+ 0.97	CVLEX

High negative correlations

PRSD	- 0.51	RYUIX
TGFRX	- 0.48	RYUIX
AFALX	- 0.48	RYUIX
RSJN	- 0.47	RYUIX
CVLEX	- 0.46	RYUIX
RSSE	- 0.45	RYUIX

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
RYBAX	1.24	0.46	0.27	0.58	1.18	(1.45)	2.60	(2.01)	15.43
RYBIX	1.22	0.44	0.25	0.53	1.21	(1.41)	2.59	(2.00)	13.81
RYUIX	0.61	(0.05)	0.00	(0.16)	0.00	0.00	1.22	(1.17)	4.31
CVLEX	0.55	0.13	0.16	0.22	0.45	(0.63)	1.28	(1.27)	4.06
AFALX	0.51	0.13	0.15	1.17	0.26	(0.64)	1.06	(0.77)	3.36
PRSD	0.05	0.01	(0.79)	0.98	0.00	(0.07)	0.12	(0.08)	0.28
RSJN	0.32	0.03	0.01	0.12	0.25	(0.36)	0.85	(0.71)	2.04
TGFRX	1.46	(0.05)	(0.02)	0.01	2.15	(1.30)	2.62	(3.22)	9.93
RSSE	0.35	0.03	0.01	0.11	0.29	(0.41)	0.94	(0.78)	2.04
PCIG	0.83	(0.09)	0.00	3.42	0.00	0.00	1.32	(2.02)	5.30

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