Consumer Products Correlations
| RYCIX Fund | USD 147.71 0.39 0.26% |
The current 90-days correlation between Consumer Products and Health Care Fund is 0.52 (i.e., Very weak 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 0.33 (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.
Consumer |
Moving together with Consumer Mutual Fund
| 0.81 | CL | Colgate Palmolive | PairCorr |
| 0.64 | DG | Dollar General | PairCorr |
| 0.68 | KO | Coca Cola | PairCorr |
| 0.7 | MO | Altria Group | PairCorr |
| 0.85 | PG | Procter Gamble | PairCorr |
| 0.64 | TR | Tootsie Roll Industries | PairCorr |
| 0.86 | DOLE | Dole PLC | PairCorr |
| 0.67 | FARM | Farmer Bros | PairCorr |
Moving against Consumer Mutual Fund
| 0.61 | VITL | Vital Farms | PairCorr |
| 0.56 | EDBL | Edible Garden AG | PairCorr |
| 0.53 | DTCK | Davis Commodities | PairCorr |
| 0.46 | VINE | Fresh Grapes LLC | PairCorr |
| 0.44 | GO | Grocery Outlet Holding | PairCorr |
| 0.69 | XAGE | Longevity Health Hol Symbol Change | PairCorr |
| 0.59 | AQB | AquaBounty Technologies Earnings Call This Week | PairCorr |
| 0.47 | FAMI | Farmmi Inc | PairCorr |
Related Correlations Analysis
| 0.54 | 0.41 | 0.71 | -0.04 | RYHIX | ||
| 0.54 | 0.92 | 0.94 | 0.72 | RYKIX | ||
| 0.41 | 0.92 | 0.84 | 0.83 | RYRIX | ||
| 0.71 | 0.94 | 0.84 | 0.51 | RYFIX | ||
| -0.04 | 0.72 | 0.83 | 0.51 | RYPIX | ||
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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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RYHIX | 0.66 | 0.04 | 0.09 | 0.01 | 0.78 | 1.28 | 3.28 | |||
| RYKIX | 1.00 | (0.04) | 0.00 | (0.11) | 0.00 | 1.57 | 6.97 | |||
| RYRIX | 0.90 | (0.09) | 0.00 | (0.18) | 0.00 | 1.51 | 3.79 | |||
| RYFIX | 0.81 | 0.01 | 0.00 | (0.06) | 0.00 | 1.54 | 5.11 | |||
| RYPIX | 1.04 | (0.17) | 0.00 | (0.25) | 0.00 | 1.94 | 5.86 |