Retailing Fund Correlations

Mutual Funds . USA . 
Fund . Retailing Fund Class
RYRTX Fund  USD 56.52  0.81  1.45%   
The current 90-days correlation between Retailing Fund Class and Franklin High Income is 0.22 (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

Very poor diversification

The correlation between Retailing Fund Class and DJI is 0.89 (i.e., Very poor 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 signals in poverty.

Moving together with Retailing Mutual Fund

  0.83RYBCX Basic MaterialsPairCorr
  0.84RYBAX Basic MaterialsPairCorr
  0.81RYBKX Banking Fund ClassPairCorr
  0.84RYBMX Basic MaterialsPairCorr
  0.91RYBHX Sp Midcap 400PairCorr
  0.84RYBIX Basic MaterialsPairCorr
  0.96RYAKX Russell 2000 15xPairCorr
  0.96RYAHX Mid Cap 15xPairCorr
  0.83RYATX Nasdaq 100 FundPairCorr
  0.9RYAZX Sp Smallcap 600PairCorr
  0.86RYAWX Sp 500 PurePairCorr
  0.85RYAVX Sp Midcap 400PairCorr
  0.89RYDHX Dow Jones IndustrialPairCorr
  0.91RYDCX Mid Cap 15xPairCorr
  0.89RYDKX Dow Jones IndustrialPairCorr
  0.67RYEAX Energy Fund ClassPairCorr
  0.7RYCFX Biotechnology Fund ClassPairCorr
  0.86RYCEX Europe 125x StrategyPairCorr
  0.79RYCCX Nasdaq 100 2xPairCorr
  0.81RYCNX Transportation Fund ClassPairCorr
  0.63RYCPX Consumer ProductsPairCorr
  0.79RYCOX Nasdaq 100 FundPairCorr
  0.74RYCIX Consumer ProductsPairCorr
  0.91RYCKX Sp Midcap 400PairCorr
  0.89RYCVX Dow 2x StrategyPairCorr
  0.89RYCYX Dow 2x StrategyPairCorr
  0.82RYCTX Sp 500 2xPairCorr

Moving against Retailing Mutual Fund

  0.77RYARX Inverse Sp 500PairCorr
  0.53RYCGX Government Long BondPairCorr
  0.52RYABX Government Long BondPairCorr
  0.51RYACX Inverse Nasdaq 100PairCorr
  0.48RYALX Inverse Nasdaq 100PairCorr
  0.36RYAUX Utilities Fund ClassPairCorr
  0.96RYCQX Inverse Russell 2000PairCorr
  0.91RYCLX Inverse Mid CapPairCorr
  0.89RYCWX Inverse Dow 2xPairCorr
  0.89RYCZX Inverse Dow 2xPairCorr
  0.58RYCDX Rydex Inverse Nasdaq Steady GrowthPairCorr
  0.52RYGBX Government Long BondPairCorr
  0.38RYCUX Utilities Fund ClassPairCorr

Related Correlations Analysis


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.

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