Consumer Products Correlations

RYCAX Fund

USD 114.72 0.56 0.49%

The current 90-days correlation between Consumer Products and Pnc International Equity is 0.17 (i.e., Average diversification). The correlation of Consumer Products 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.

Consumer Products Correlation With Market

Weak diversification

The correlation between Consumer Products Fund and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Products Fund 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 Consumer Products Fund. 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 nation.

Moving together with Consumer Mutual Fund

0.8	CL	Colgate Palmolive	Pair Corr
0.61	DG	Dollar General	Pair Corr
0.72	KO	Coca Cola Sell-off Trend	Pair Corr
0.61	KR	Kroger Company	Pair Corr
0.68	MO	Altria Group	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.64	PM	Philip Morris Intern	Pair Corr
0.83	DOLE	Dole PLC	Pair Corr
0.72	FARM	Farmer Bros	Pair Corr
0.62	WYHG	Wing Yip Food Downward Rally	Pair Corr

Moving against Consumer Mutual Fund

0.64	VITL	Vital Farms	Pair Corr
0.54	DTCK	Davis Commodities	Pair Corr
0.54	EDBL	Edible Garden AG	Pair Corr
0.49	VINE	Fresh Grapes LLC Symbol Change	Pair Corr
0.48	GO	Grocery Outlet Holding	Pair Corr
0.69	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.58	AQB	AquaBounty Technologies Earnings Call This Week	Pair Corr
0.52	FAMI	Farmmi Inc	Pair Corr

Related Correlations Analysis

	PMIEX	PAEIX	DDCFX	PEIRX	TRWIX	OWFIX
PMIEX		0.6	0.57	1.0	0.59	0.49	PMIEX
PAEIX	0.6		0.88	0.61	0.99	0.83	PAEIX
DDCFX	0.57	0.88		0.58	0.91	0.91	DDCFX
PEIRX	1.0	0.61	0.58		0.6	0.5	PEIRX
TRWIX	0.59	0.99	0.91	0.6		0.85	TRWIX
OWFIX	0.49	0.83	0.91	0.5	0.85		OWFIX
	PMIEX	PAEIX	DDCFX	PEIRX	TRWIX	OWFIX

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Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Products 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 Consumer Products' 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
PMIEX	0.81	(0.06)	0.00	(0.18)	0.00	0.00	1.56	(1.68)	9.24
PAEIX	0.67	0.10	0.13	0.15	0.78	(0.72)	1.50	(1.54)	4.54
DDCFX	0.21	0.02	0.22	(0.41)	0.11	(0.27)	0.54	(0.33)	1.22
PEIRX	0.81	(0.06)	0.00	(0.17)	0.00	0.00	1.57	(1.66)	9.14
TRWIX	0.72	0.15	0.13	0.21	0.92	(0.69)	1.99	(1.76)	5.45
OWFIX	0.18	0.00	0.12	(0.07)	0.22	(0.22)	0.40	(0.40)	1.39

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