Technology Fund Correlations

RYCHX Fund

USD 183.47 3.31 1.84%

The current 90-days correlation between Technology Fund Class and Bbh Intermediate Municipal is -0.02 (i.e., Good diversification). The correlation of Technology Fund 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.

Technology Fund Correlation With Market

Significant diversification

The correlation between Technology Fund Class and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technology Fund Class 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 Technology Fund Class. 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 rate.

Moving together with Technology Mutual Fund

0.64

RYCCX

Nasdaq 100 2x Potential Growth

Pair Corr

Moving against Technology Mutual Fund

0.88	RYALX	Inverse Nasdaq 100	Pair Corr
0.72	RYACX	Inverse Nasdaq 100	Pair Corr
0.72	RYAIX	Inverse Nasdaq 100	Pair Corr
0.46	RYABX	Government Long Bond	Pair Corr
0.88	RYAPX	Inverse Nasdaq 100	Pair Corr
0.81	RYARX	Inverse Sp 500	Pair Corr
0.58	RYAUX	Utilities Fund Class	Pair Corr
0.45	RYEAX	Energy Fund Class	Pair Corr
0.45	RYECX	Energy Fund Class	Pair Corr
0.34	RYAVX	Sp Midcap 400	Pair Corr
0.89	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.71	RYCBX	Inverse Sp 500	Pair Corr
0.57	RYCPX	Consumer Products	Pair Corr
0.51	RYCGX	Government Long Bond	Pair Corr

Related Correlations Analysis

	TRZOX	TOHIX	SWSFX	MDMTX	PATFX	URIBX	BBINX
TRZOX		0.95	0.88	0.9	0.93	0.81	0.96	TRZOX
TOHIX	0.95		0.84	0.97	0.99	0.9	0.99	TOHIX
SWSFX	0.88	0.84		0.78	0.84	0.71	0.88	SWSFX
MDMTX	0.9	0.97	0.78		0.99	0.92	0.96	MDMTX
PATFX	0.93	0.99	0.84	0.99		0.93	0.99	PATFX
URIBX	0.81	0.9	0.71	0.92	0.93		0.88	URIBX
BBINX	0.96	0.99	0.88	0.96	0.99	0.88		BBINX
	TRZOX	TOHIX	SWSFX	MDMTX	PATFX	URIBX	BBINX

Risk-Adjusted Indicators

There is a big difference between Technology Mutual Fund performing well and Technology Fund 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 Technology Fund'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
TRZOX	0.06	0.01	0.00	(1.65)	0.00	0.00	0.22	(0.21)	0.65
TOHIX	0.08	0.00	(0.12)	0.00	0.04	(0.12)	0.18	(0.28)	0.83
SWSFX	0.03	0.00	0.00	0.04	0.00	0.00	0.10	(0.10)	0.58
MDMTX	0.09	0.01	(0.07)	(5.29)	0.00	(0.17)	0.29	(0.29)	0.96
PATFX	0.11	0.02	(0.06)	0.73	0.00	(0.15)	0.27	(0.26)	1.07
URIBX	0.14	0.01	(0.12)	(0.65)	0.07	(0.21)	0.32	(0.32)	0.96
BBINX	0.07	0.02	(0.07)	2.32	0.00	(0.15)	0.19	(0.19)	0.76

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