Electronics Fund Correlations

RYSIX Fund

USD 385.23 2.66 0.69%

The current 90-days correlation between Electronics Fund Investor and Technology Fund Investor is 0.92 (i.e., Almost no diversification). The correlation of Electronics 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.

Electronics Fund Correlation With Market

Very weak diversification

The correlation between Electronics Fund Investor and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electronics 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 Electronics 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 Electronics Mutual Fund

0.79	VEEA	Veea Inc Symbol Change	Pair Corr
0.72	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.65	DVLT	Datavault AI Symbol Change	Pair Corr
0.71	YAAS	Youxin Technology	Pair Corr
0.72	ZENA	ZenaTech	Pair Corr
0.69	VSTEW	Vast Renewables	Pair Corr
0.92	HPE-PC	Hewlett Packard Ente	Pair Corr
0.67	VEEAW	Veea Inc Symbol Change	Pair Corr
0.81	NOVA	Sunnova Energy Inter	Pair Corr
0.74	NXXT	NextNRG Symbol Change	Pair Corr
0.89	CORZZ	Core Scientific, Tranche	Pair Corr
0.82	SLNHP	Soluna Holdings Preferred	Pair Corr
0.71	PENG	Penguin Solutions, Symbol Change	Pair Corr

Moving against Electronics Mutual Fund

0.55	EMKR	EMCORE	Pair Corr
0.42	HCP	Hashicorp	Pair Corr
0.72	MTTR	Matterport	Pair Corr
0.62	LGTY	Logility Supply Chain Symbol Change	Pair Corr
0.61	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.54	INFN	Infinera	Pair Corr
0.52	HPAIW	Helport AI Limited	Pair Corr
0.31	MIMI	Mint Incorporation	Pair Corr
0.89	RYAIX	Inverse Nasdaq 100	Pair Corr
0.89	RYALX	Inverse Nasdaq 100	Pair Corr

Related Correlations Analysis

	RYTIX	RYFIX	RYMIX	RYHIX	RYKIX
RYTIX		0.68	0.47	0.15	0.87	RYTIX
RYFIX	0.68		0.7	0.71	0.86	RYFIX
RYMIX	0.47	0.7		0.52	0.55	RYMIX
RYHIX	0.15	0.71	0.52		0.5	RYHIX
RYKIX	0.87	0.86	0.55	0.5		RYKIX
	RYTIX	RYFIX	RYMIX	RYHIX	RYKIX

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Risk-Adjusted Indicators

There is a big difference between Electronics Mutual Fund performing well and Electronics 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 Electronics 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
RYTIX	1.33	(0.12)	0.00	(0.09)	0.00	0.00	2.12	(3.53)	6.87
RYFIX	0.84	(0.02)	0.00	0.16	0.00	0.00	1.55	(2.55)	5.11
RYMIX	0.77	0.00	0.00	0.01	1.11	(0.76)	1.60	(1.95)	4.71
RYHIX	0.67	0.03	0.03	(0.16)	0.76	(0.71)	1.28	(1.17)	3.28
RYKIX	1.00	(0.06)	0.00	(0.05)	0.00	0.00	2.15	(2.50)	6.97

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