Transportation Fund Correlations

RYPIX Fund

USD 56.05 0.40 0.71%

The current 90-days correlation between Transportation Fund and Health Care Fund is -0.11 (i.e., Good diversification). The correlation of Transportation 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.

Transportation Fund Correlation With Market

Poor diversification

The correlation between Transportation Fund Investor and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transportation Fund Investor 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 Transportation Fund Investor. 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 gross domestic product.

Moving together with Transportation Mutual Fund

0.91	J	Jacobs Solutions	Pair Corr
0.83	R	Ryder System Earnings Call This Week	Pair Corr
0.86	BV	BrightView Holdings	Pair Corr
0.85	BW	Babcock Wilcox Enter	Pair Corr
0.73	CW	Curtiss Wright	Pair Corr
0.82	DY	Dycom Industries	Pair Corr
0.91	FA	First Advantage Corp	Pair Corr
0.88	GP	GreenPower Motor	Pair Corr
0.89	HI	Hillenbrand	Pair Corr
0.84	HY	Hyster Yale Materials	Pair Corr
0.87	IR	Ingersoll Rand	Pair Corr
0.79	NX	Quanex Building Products	Pair Corr
0.92	OC	Owens Corning	Pair Corr
0.84	OP	Oceanpal	Pair Corr
0.64	PH	Parker Hannifin	Pair Corr
0.72	TE	T1 Energy Symbol Change	Pair Corr
0.8	TT	Trane Technologies plc	Pair Corr

Moving against Transportation Mutual Fund

0.6	LZ	LegalZoom	Pair Corr
0.59	EH	Ehang Holdings	Pair Corr
0.56	KC	Kingsoft Cloud Holdings	Pair Corr
0.4	G	Genpact Limited	Pair Corr
0.39	DE	Deere Company	Pair Corr
0.38	GE	GE Aerospace	Pair Corr
0.82	VCIC	Vine Hill Capital	Pair Corr
0.79	SB	Safe Bulkers	Pair Corr
0.79	VACH	Voyager Acquisition Corp	Pair Corr
0.69	PC	Premium Catering	Pair Corr
0.61	WM	Waste Management	Pair Corr
0.43	MG	Mistras Group	Pair Corr
0.39	DNOW	Now Inc	Pair Corr

Related Correlations Analysis

	RYHIX	RYFIX	RYTIX	RYKIX	RYRIX
RYHIX		0.72	0.16	0.5	0.43	RYHIX
RYFIX	0.72		0.67	0.85	0.83	RYFIX
RYTIX	0.16	0.67		0.87	0.86	RYTIX
RYKIX	0.5	0.85	0.87		0.86	RYKIX
RYRIX	0.43	0.83	0.86	0.86		RYRIX
	RYHIX	RYFIX	RYTIX	RYKIX	RYRIX

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Risk-Adjusted Indicators

There is a big difference between Transportation Mutual Fund performing well and Transportation 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 Transportation 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
RYHIX	0.69	0.01	0.01	(0.06)	0.80	(0.73)	1.28	(1.25)	3.28
RYFIX	0.83	(0.01)	(0.01)	0.07	1.27	(0.83)	1.55	(2.55)	5.11
RYTIX	1.30	(0.09)	0.00	(0.08)	0.00	0.00	2.12	(3.41)	6.87
RYKIX	0.94	0.01	0.01	0.01	1.31	(0.99)	2.15	(1.82)	6.97
RYRIX	0.95	(0.11)	0.00	0.93	0.00	0.00	1.64	(1.98)	3.79

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