Sp 500 Correlations

RYAWX Fund

USD 95.87 0.29 0.30%

The current 90-days correlation between Sp 500 Pure and Sp Smallcap 600 is 0.62 (i.e., Poor diversification). The correlation of Sp 500 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 500 Correlation With Market

Poor diversification

The correlation between Sp 500 Pure and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sp 500 Pure 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 500 Pure. 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 housing.

Moving together with RYAWX Mutual Fund

0.68	RYBHX	Sp Midcap 400	Pair Corr
0.81	RYATX	Nasdaq 100 Fund	Pair Corr
0.78	RYAZX	Sp Smallcap 600	Pair Corr
0.87	RYAVX	Sp Midcap 400	Pair Corr
0.92	RYDCX	Mid Cap 15x	Pair Corr
0.9	RYDKX	Dow Jones Industrial	Pair Corr
0.72	RYEAX	Energy Fund Class Steady Growth	Pair Corr
0.68	RYECX	Energy Fund Class Steady Growth	Pair Corr
0.88	RYCHX	Technology Fund Class	Pair Corr
0.91	RYCCX	Nasdaq 100 2x	Pair Corr
0.89	RYCMX	Russell 2000 15x	Pair Corr
0.78	RYCOX	Nasdaq 100 Fund	Pair Corr
0.91	RYCVX	Dow 2x Strategy	Pair Corr
0.84	RYCYX	Dow 2x Strategy	Pair Corr
0.77	RYFNX	Financial Services	Pair Corr
0.76	RYFIX	Financial Services	Pair Corr
0.72	RYEIX	Energy Fund Investor Steady Growth	Pair Corr
0.83	RYESX	Energy Services Steady Growth	Pair Corr
0.72	RYENX	Energy Fund Class Steady Growth	Pair Corr

Moving against RYAWX Mutual Fund

0.92	RYALX	Inverse Nasdaq 100 Potential Growth	Pair Corr
0.83	RYAPX	Inverse Nasdaq 100 Potential Growth	Pair Corr
0.4	RYABX	Government Long Bond	Pair Corr
0.38	RYCGX	Government Long Bond	Pair Corr
0.35	RYCEX	Europe 125x Strategy	Pair Corr
0.91	RYCZX	Inverse Dow 2x	Pair Corr
0.85	RYCWX	Inverse Dow 2x	Pair Corr
0.57	RYCLX	Inverse Mid Cap	Pair Corr
0.35	RYEUX	Europe 125x Strategy	Pair Corr

Related Correlations Analysis

	RYWAX	RYZAX	RYBHX	RYAZX	RYAVX
RYWAX		0.35	0.99	0.86	0.81	RYWAX
RYZAX	0.35		0.32	0.29	0.6	RYZAX
RYBHX	0.99	0.32		0.87	0.8	RYBHX
RYAZX	0.86	0.29	0.87		0.89	RYAZX
RYAVX	0.81	0.6	0.8	0.89		RYAVX
	RYWAX	RYZAX	RYBHX	RYAZX	RYAVX

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Risk-Adjusted Indicators

There is a big difference between RYAWX Mutual Fund performing well and Sp 500 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 500'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RYWAX	1.14	(0.22)	(0.21)	1.87	(2.45)	11.83
RYZAX	0.73	0.04	(0.02)	1.49	(1.37)	3.47
RYBHX	1.22	(0.28)	(0.25)	1.62	(2.77)	14.77
RYAZX	1.01	(0.18)	(0.26)	1.54	(1.92)	5.11
RYAVX	1.02	(0.16)	(0.24)	1.45	(2.41)	6.80

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