Sp 500 Correlations

RYSPX Fund

USD 83.62 1.18 1.39%

The current 90-days correlation between Sp 500 Fund and Sp 500 Pure is 0.87 (i.e., Very 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 Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sp 500 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 Sp 500 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 american community survey.

Moving together with RYSPX Mutual Fund

0.9	RYBKX	Banking Fund Class	Pair Corr
0.68	RYBHX	Sp Midcap 400	Pair Corr
0.88	RYAKX	Russell 2000 15x	Pair Corr
0.89	RYAHX	Mid Cap 15x	Pair Corr
0.9	RYATX	Nasdaq 100 Fund	Pair Corr
1.0	RYANX	Nova Fund Class	Pair Corr
0.77	RYAZX	Sp Smallcap 600	Pair Corr
0.94	RYAWX	Sp 500 Pure	Pair Corr
0.8	RYAVX	Sp Midcap 400	Pair Corr
0.88	RYDHX	Dow Jones Industrial	Pair Corr
0.89	RYDCX	Mid Cap 15x	Pair Corr
0.88	RYDKX	Dow Jones Industrial	Pair Corr
0.62	RYEAX	Energy Fund Class	Pair Corr
0.62	RYECX	Energy Fund Class	Pair Corr
0.95	RYCHX	Technology Fund Class	Pair Corr
0.95	RYCCX	Nasdaq 100 2x	Pair Corr
0.82	RYCNX	Transportation Fund Class	Pair Corr
0.88	RYCMX	Russell 2000 15x	Pair Corr

Moving against RYSPX Mutual Fund

0.94	RYACX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.85	RYAFX	Inverse Russell 2000	Pair Corr
0.73	RYAIX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.71	RYALX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.53	RYAGX	Inverse Mid Cap Steady Growth	Pair Corr
0.72	RYAPX	Inverse Nasdaq 100 Steady Growth	Pair Corr
0.55	RYARX	Inverse Sp 500 Steady Growth	Pair Corr
0.88	RYCWX	Inverse Dow 2x Steady Growth	Pair Corr
0.85	RYCBX	Inverse Sp 500 Steady Growth	Pair Corr
0.8	RYCDX	Rydex Inverse Nasdaq Steady Growth	Pair Corr
0.47	RYCLX	Inverse Mid Cap Steady Growth	Pair Corr

Related Correlations Analysis

	RYAWX	RYRHX	RYWAX	RYBHX	RYTIX
RYAWX		0.83	0.61	0.56	0.91	RYAWX
RYRHX	0.83		0.89	0.87	0.93	RYRHX
RYWAX	0.61	0.89		0.99	0.78	RYWAX
RYBHX	0.56	0.87	0.99		0.74	RYBHX
RYTIX	0.91	0.93	0.78	0.74		RYTIX
	RYAWX	RYRHX	RYWAX	RYBHX	RYTIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between RYSPX 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
RYAWX	1.14	(0.09)	(0.23)	1.72	(3.64)	5.76
RYRHX	0.90	(0.16)	(0.30)	1.40	(2.67)	5.04
RYWAX	1.05	(0.22)	(0.27)	1.53	(2.45)	12.30
RYBHX	1.13	(0.27)	(0.30)	1.43	(2.77)	15.72
RYTIX	1.33	(0.14)	(0.27)	1.84	(3.77)	6.87

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