Energy Fund Correlations

RYENX Fund

USD 278.41 6.08 2.14%

The current 90-days correlation between Energy Fund Class and Ab Municipal Bond is 0.02 (i.e., Significant 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 0.67 (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 metropolitan statistical area.

Moving together with Energy Mutual Fund

0.71	RYBCX	Basic Materials	Pair Corr
0.73	RYBAX	Basic Materials	Pair Corr
0.65	RYBKX	Banking Fund Class	Pair Corr
0.75	RYBMX	Basic Materials	Pair Corr
0.76	RYBHX	Sp Midcap 400	Pair Corr
0.74	RYBIX	Basic Materials	Pair Corr
0.66	RYAKX	Russell 2000 15x	Pair Corr
0.81	RYAEX	Europe 125x Strategy	Pair Corr
0.78	RYAHX	Mid Cap 15x	Pair Corr
0.83	RYAZX	Sp Smallcap 600 Potential Growth	Pair Corr
0.61	RYAWX	Sp 500 Pure	Pair Corr
0.81	RYAVX	Sp Midcap 400	Pair Corr
0.65	RYDHX	Dow Jones Industrial	Pair Corr
0.76	RYDCX	Mid Cap 15x	Pair Corr
0.65	RYDKX	Dow Jones Industrial	Pair Corr
0.97	RYEAX	Energy Fund Class	Pair Corr
1.0	RYECX	Energy Fund Class	Pair Corr
0.8	RYCEX	Europe 125x Strategy	Pair Corr
0.62	RYCAX	Consumer Products	Pair Corr
0.66	RYCMX	Russell 2000 15x	Pair Corr

Moving against Energy Mutual Fund

0.8	RYAGX	Inverse Mid Cap	Pair Corr
0.68	RYAFX	Inverse Russell 2000	Pair Corr
0.34	RYARX	Inverse Sp 500	Pair Corr
0.31	RYCGX	Government Long Bond	Pair Corr
0.77	RYCLX	Inverse Mid Cap	Pair Corr
0.63	RYCWX	Inverse Dow 2x	Pair Corr
0.63	RYCQX	Inverse Russell 2000	Pair Corr
0.35	RYCBX	Inverse Sp 500	Pair Corr

Related Correlations Analysis

	MIPSX	AMFAX	LIFAX	TIIHX	MFTFX	QCILIX	AUNCX
MIPSX		0.4	0.52	0.83	0.42	0.78	0.67	MIPSX
AMFAX	0.4		0.81	0.66	0.99	0.68	0.82	AMFAX
LIFAX	0.52	0.81		0.75	0.84	0.83	0.85	LIFAX
TIIHX	0.83	0.66	0.75		0.7	0.9	0.82	TIIHX
MFTFX	0.42	0.99	0.84	0.7		0.72	0.84	MFTFX
QCILIX	0.78	0.68	0.83	0.9	0.72		0.8	QCILIX
AUNCX	0.67	0.82	0.85	0.82	0.84	0.8		AUNCX
	MIPSX	AMFAX	LIFAX	TIIHX	MFTFX	QCILIX	AUNCX

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
MIPSX	0.13	0.00	(0.29)	0.08	0.08	(0.17)	0.22	(0.21)	0.64
AMFAX	0.76	0.14	0.07	(2.53)	0.93	(0.81)	1.39	(1.68)	4.98
LIFAX	0.09	0.00	(0.52)	0.10	0.00	(0.12)	0.17	(0.17)	0.51
TIIHX	0.10	0.01	(0.38)	0.38	0.00	(0.14)	0.28	(0.19)	0.46
MFTFX	1.09	0.29	0.15	3.61	1.22	(1.17)	2.06	(2.15)	6.76
QCILIX	0.09	0.00	(0.44)	0.13	0.00	(0.10)	0.21	(0.16)	0.46
AUNCX	0.08	0.01	(0.43)	0.39	0.00	(0.12)	0.18	(0.18)	0.37

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