Utilities Fund Correlations
| RYUTX Fund | USD 51.32 0.26 0.50% |
The correlation of Utilities 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.
Utilities Fund Correlation With Market
Weak diversification
The correlation between Utilities Fund Class and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utilities Fund Class and DJI in the same portfolio, assuming nothing else is changed.
Utilities |
Moving together with Utilities Mutual Fund
| 0.66 | D | Dominion Energy | PairCorr |
| 0.64 | ED | Consolidated Edison Sell-off Trend | PairCorr |
| 0.69 | FE | FirstEnergy Earnings Call This Week | PairCorr |
| 0.62 | HE | Hawaiian Electric | PairCorr |
| 0.64 | SO | Southern | PairCorr |
| 0.72 | EVRG | Evergy, Sell-off Trend | PairCorr |
| 0.65 | WTRG | Essential Utilities | PairCorr |
| 0.64 | AQN | Algonquin Power Utilities | PairCorr |
| 0.88 | ATO | Atmos Energy Earnings Call This Week | PairCorr |
| 0.89 | AVA | Avista | PairCorr |
| 0.69 | AWK | American Water Works | PairCorr |
| 0.72 | BIP | Brookfield Infrastructure | PairCorr |
| 0.87 | BKH | Black Hills Earnings Call This Week | PairCorr |
| 0.7 | CMS | CMS Energy | PairCorr |
| 0.87 | CPK | Chesapeake Utilities | PairCorr |
| 0.61 | CWT | California Water Service | PairCorr |
Moving against Utilities Mutual Fund
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | IVMXX | ||
| 0.0 | 0.0 | -0.58 | 0.53 | 0.82 | 0.53 | SWGXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEYXX | ||
| 0.0 | -0.58 | 0.0 | -0.43 | -0.47 | -0.43 | FIDAX | ||
| 0.0 | 0.53 | 0.0 | -0.43 | 0.83 | 1.0 | FMFXX | ||
| 0.0 | 0.82 | 0.0 | -0.47 | 0.83 | 0.83 | QCMMIX | ||
| 0.0 | 0.53 | 0.0 | -0.43 | 1.0 | 0.83 | VMRXX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Utilities Mutual Fund performing well and Utilities 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 Utilities 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IVMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SWGXX | 0.03 | 0.01 | 0.00 | (1.61) | 0.00 | 0.00 | 1.01 | |||
| AEYXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FIDAX | 0.91 | 0.00 | (0.02) | 0.07 | 1.63 | 1.79 | 14.53 | |||
| FMFXX | 0.03 | 0.01 | 0.00 | (0.96) | 0.00 | 0.00 | 1.01 | |||
| QCMMIX | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | |||
| VMRXX | 0.03 | 0.01 | 0.00 | (0.96) | 0.00 | 0.00 | 1.01 |