Retailing Fund Correlations

RYRCX Fund

USD 45.85 0.22 0.48%

The current 90-days correlation between Retailing Fund Class and Prudential Government Income is 0.23 (i.e., Modest diversification). The correlation of Retailing 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.

Retailing Fund Correlation With Market

Almost no diversification

The correlation between Retailing Fund Class and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Retailing 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 Retailing 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 various price indices.

Moving together with Retailing Mutual Fund

0.81	RYBCX	Basic Materials	Pair Corr
0.82	RYBAX	Basic Materials	Pair Corr
0.82	RYBMX	Basic Materials	Pair Corr
0.93	RYBHX	Sp Midcap 400	Pair Corr
0.83	RYBIX	Basic Materials	Pair Corr
0.69	RYBOX	Biotechnology Fund Class	Pair Corr
0.96	RYAHX	Mid Cap 15x	Pair Corr
0.82	RYATX	Nasdaq 100 Fund	Pair Corr
0.95	RYAZX	Sp Smallcap 600	Pair Corr
0.87	RYAWX	Sp 500 Pure	Pair Corr
0.92	RYAVX	Sp Midcap 400	Pair Corr
0.93	RYDHX	Dow Jones Industrial	Pair Corr
0.96	RYDCX	Mid Cap 15x	Pair Corr
0.93	RYDKX	Dow Jones Industrial	Pair Corr
0.71	RYCAX	Consumer Products	Pair Corr
0.8	RYCCX	Nasdaq 100 2x	Pair Corr
0.96	RYCMX	Russell 2000 15x	Pair Corr
0.61	RYCPX	Consumer Products	Pair Corr
0.8	RYCOX	Nasdaq 100 Fund	Pair Corr
0.72	RYCIX	Consumer Products	Pair Corr
0.94	RYCKX	Sp Midcap 400	Pair Corr
0.93	RYCVX	Dow 2x Strategy	Pair Corr
0.92	RYCYX	Dow 2x Strategy	Pair Corr
0.66	RYCRX	Real Estate Fund	Pair Corr
0.84	RYCTX	Sp 500 2x	Pair Corr
0.8	RYFNX	Financial Services	Pair Corr
0.8	RYFIX	Financial Services	Pair Corr
0.65	RYEIX	Energy Fund Investor	Pair Corr
0.65	RYENX	Energy Fund Class	Pair Corr
0.87	RYEUX	Europe 125x Strategy	Pair Corr
0.79	RYFCX	Financial Services	Pair Corr
0.8	RYFAX	Financial Services	Pair Corr

Moving against Retailing Mutual Fund

0.96	RYAFX	Inverse Russell 2000	Pair Corr
0.96	RYAGX	Inverse Mid Cap	Pair Corr
0.77	RYARX	Inverse Sp 500	Pair Corr
0.48	RYCGX	Government Long Bond	Pair Corr
0.47	RYABX	Government Long Bond	Pair Corr
0.35	RYAUX	Utilities Fund Class	Pair Corr
0.61	RYIHX	Inverse High Yield	Pair Corr
0.46	RYGBX	Government Long Bond	Pair Corr
0.46	RYHBX	Government Long Bond	Pair Corr

Related Correlations Analysis

	FHNFX	USGFX	RGVAX	DIPXX	PGVZX
FHNFX		0.76	0.87	0.0	0.78	FHNFX
USGFX	0.76		0.96	0.0	0.86	USGFX
RGVAX	0.87	0.96		0.0	0.84	RGVAX
DIPXX	0.0	0.0	0.0		0.0	DIPXX
PGVZX	0.78	0.86	0.84	0.0		PGVZX
	FHNFX	USGFX	RGVAX	DIPXX	PGVZX

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

RGVAX	+ 0.96	USGFX
RGVAX	+ 0.87	FHNFX
PGVZX	+ 0.86	USGFX
PGVZX	+ 0.84	RGVAX
PGVZX	+ 0.78	FHNFX
USGFX	+ 0.76	FHNFX

High negative correlations

PGVZX	- 0.0	DIPXX
DIPXX	- 0.0	RGVAX
DIPXX	- 0.0	USGFX
DIPXX	- 0.0	FHNFX

Risk-Adjusted Indicators

There is a big difference between Retailing Mutual Fund performing well and Retailing 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 Retailing 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
FHNFX	0.14	(0.02)	0.00	(0.29)	0.00	0.00	0.22	(0.33)	0.76
USGFX	0.13	(0.01)	(0.23)	(0.16)	0.16	(0.15)	0.25	(0.25)	0.66
RGVAX	0.12	(0.01)	0.00	(0.30)	0.00	0.00	0.25	(0.25)	0.58
DIPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGVZX	0.15	(0.01)	(0.18)	(0.14)	0.19	(0.19)	0.37	(0.37)	0.75

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