Energy Fund Correlations

RYECX Fund

USD 217.76 3.87 1.75%

The current 90-days correlation between Energy Fund Class and Rbc Emerging Markets is 0.26 (i.e., Modest diversification). The correlation of Energy 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.

Energy Fund Correlation With Market

Poor diversification

The correlation between Energy Fund Class and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy 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 Energy 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 private.

Moving together with Energy Mutual Fund

0.7	RYBCX	Basic Materials	Pair Corr
0.72	RYBAX	Basic Materials	Pair Corr
0.74	RYBMX	Basic Materials	Pair Corr
0.74	RYBHX	Sp Midcap 400	Pair Corr
0.73	RYBIX	Basic Materials	Pair Corr
0.72	RYAKX	Russell 2000 15x	Pair Corr
0.78	RYAEX	Europe 125x Strategy	Pair Corr
0.72	RYAHX	Mid Cap 15x	Pair Corr
0.81	RYAZX	Sp Smallcap 600	Pair Corr
0.61	RYAWX	Sp 500 Pure	Pair Corr
0.77	RYAVX	Sp Midcap 400	Pair Corr
0.72	RYDCX	Mid Cap 15x	Pair Corr
1.0	RYEAX	Energy Fund Class	Pair Corr
0.78	RYCEX	Europe 125x Strategy	Pair Corr
0.7	RYCMX	Russell 2000 15x	Pair Corr

Moving against Energy Mutual Fund

0.74	RYAGX	Inverse Mid Cap	Pair Corr
0.69	RYAFX	Inverse Russell 2000	Pair Corr
0.51	RYABX	Government Long Bond	Pair Corr
0.41	RYARX	Inverse Sp 500	Pair Corr
0.73	RYCLX	Inverse Mid Cap	Pair Corr
0.68	RYCQX	Inverse Russell 2000	Pair Corr
0.59	RYCZX	Inverse Dow 2x	Pair Corr
0.58	RYCWX	Inverse Dow 2x	Pair Corr
0.52	RYCGX	Government Long Bond	Pair Corr
0.51	RYGBX	Government Long Bond	Pair Corr
0.44	RYCBX	Inverse Sp 500 Steady Growth	Pair Corr

Related Correlations Analysis

	ABNTX	QLMETX	MFTFX	LCSAX	ANGCX	TEOJX	RECIX
ABNTX		-0.19	0.76	0.48	0.79	0.75	0.71	ABNTX
QLMETX	-0.19		-0.56	-0.23	-0.53	-0.49	-0.58	QLMETX
MFTFX	0.76	-0.56		0.45	0.89	0.95	0.96	MFTFX
LCSAX	0.48	-0.23	0.45		0.36	0.44	0.36	LCSAX
ANGCX	0.79	-0.53	0.89	0.36		0.83	0.86	ANGCX
TEOJX	0.75	-0.49	0.95	0.44	0.83		0.95	TEOJX
RECIX	0.71	-0.58	0.96	0.36	0.86	0.95		RECIX
	ABNTX	QLMETX	MFTFX	LCSAX	ANGCX	TEOJX	RECIX

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

RECIX	+ 0.96	MFTFX
TEOJX	+ 0.95	MFTFX
RECIX	+ 0.95	TEOJX
ANGCX	+ 0.89	MFTFX
RECIX	+ 0.86	ANGCX
TEOJX	+ 0.83	ANGCX

High negative correlations

RECIX	- 0.58	QLMETX
MFTFX	- 0.56	QLMETX
ANGCX	- 0.53	QLMETX
TEOJX	- 0.49	QLMETX
LCSAX	- 0.23	QLMETX
QLMETX	- 0.19	ABNTX

Risk-Adjusted Indicators

There is a big difference between Energy Mutual Fund performing well and Energy 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 Energy 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
ABNTX	0.07	0.00	(0.28)	0.04	0.00	(0.11)	0.10	(0.10)	0.39
QLMETX	0.66	(0.09)	0.00	(0.34)	0.00	0.00	0.93	(1.11)	12.98
MFTFX	1.06	0.23	0.14	1.07	1.22	(1.14)	2.06	(2.15)	6.76
LCSAX	0.40	0.01	(0.03)	0.11	0.60	(0.42)	0.94	(0.92)	4.23
ANGCX	0.08	0.00	(0.17)	0.00	0.00	(0.17)	0.23	(0.12)	0.59
TEOJX	0.66	0.10	0.09	0.21	0.71	(0.73)	1.59	(1.45)	4.27
RECIX	0.83	0.28	0.28	0.44	0.55	(0.95)	1.89	(1.42)	11.57

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