Sp Midcap Correlations

RYAVX Fund

USD 69.40 0.51 0.73%

The current 90-days correlation between Sp Midcap 400 and Sp 500 Pure is 0.05 (i.e., Significant diversification). The correlation of Sp Midcap 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.

Sp Midcap Correlation With Market

Good diversification

The correlation between Sp Midcap 400 and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sp Midcap 400 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 Sp Midcap 400. 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 real.

Moving together with RYAVX Mutual Fund

0.77	RYAQX	Inverse Government Long	Pair Corr
0.78	RYEIX	Energy Fund Investor Steady Growth	Pair Corr
0.65	RYMBX	Commodities Strategy	Pair Corr
0.77	RYSDX	Strengthening Dollar	Pair Corr
0.78	RYRIX	Retailing Fund Investor	Pair Corr
0.78	RYRTX	Retailing Fund Class	Pair Corr
0.92	VSIIX	Vanguard Small Cap	Pair Corr
0.73	VISVX	Vanguard Small Cap	Pair Corr
0.93	DFSVX	Us Small Cap	Pair Corr
0.93	DFFVX	Us Targeted Value	Pair Corr
0.92	UBVCX	Undiscovered Managers	Pair Corr
0.92	UBVAX	Undiscovered Managers	Pair Corr
0.92	UBVSX	Undiscovered Managers	Pair Corr
0.92	AVFIX	American Beacon Small	Pair Corr

Moving against RYAVX Mutual Fund

0.86	RYCWX	Inverse Dow 2x	Pair Corr
0.68	RYUHX	Inverse Sp 500 Potential Growth	Pair Corr
0.67	RYABX	Government Long Bond	Pair Corr
0.52	RYFTX	Emerging Markets Bond	Pair Corr
0.69	NECRX	Loomis Sayles E	Pair Corr
0.65	WATCX	Western Asset Interm	Pair Corr
0.6	PUGCX	Putnam Global Equity	Pair Corr
0.51	NHS	Neuberger Berman High	Pair Corr
0.48	HEMZX	Virtus Emerging Markets	Pair Corr
0.41	RIRFX	Capital Income Builder	Pair Corr
0.37	TIDDX	T Rowe Price	Pair Corr
0.73	ASBFX	Short Term Bond	Pair Corr
0.71	NWJJX	Nationwide Highmark Bond	Pair Corr
0.69	GIGGX	Deutsche Gnma	Pair Corr
0.63	FXIDX	Fixed Income Shares	Pair Corr

Related Correlations Analysis

	RYZAX	RYAZX	RYWAX	RYAWX	RYBHX
RYZAX		0.25	0.39	0.38	0.33	RYZAX
RYAZX	0.25		0.86	0.84	0.9	RYAZX
RYWAX	0.39	0.86		0.93	0.97	RYWAX
RYAWX	0.38	0.84	0.93		0.9	RYAWX
RYBHX	0.33	0.9	0.97	0.9		RYBHX
	RYZAX	RYAZX	RYWAX	RYAWX	RYBHX

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Risk-Adjusted Indicators

There is a big difference between RYAVX Mutual Fund performing well and Sp Midcap 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 Sp Midcap'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
RYZAX	0.70	0.09	0.13	0.07	0.84	(0.72)	1.49	(1.37)	3.47
RYAZX	0.99	(0.16)	0.00	4.25	0.00	0.00	1.54	(1.86)	5.11
RYWAX	0.98	(0.04)	0.00	(0.11)	0.00	0.00	2.01	(2.13)	5.68
RYAWX	1.20	(0.12)	0.00	16.00	0.00	0.00	1.87	(3.54)	5.76
RYBHX	0.97	(0.08)	0.00	(0.16)	0.00	0.00	1.75	(2.51)	4.97

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