Sp 500 Correlations

RYSYX Fund

USD 71.45 0.15 0.21%

The current 90-days correlation between Sp 500 Fund and Franklin Adjustable Government is -0.01 (i.e., Good 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

Good diversification

The correlation between Sp 500 Fund and DJI is -0.1 (i.e., Good 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 manufacturing.

Moving together with RYSYX Mutual Fund

0.66	VTSAX	Vanguard Total Stock	Pair Corr
0.66	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VTSMX	Vanguard Total Stock	Pair Corr
0.73	VITSX	Vanguard Total Stock	Pair Corr
0.73	VSMPX	Vanguard Total Stock	Pair Corr
0.73	VSTSX	Vanguard Total Stock	Pair Corr
0.66	VFINX	Vanguard 500 Index	Pair Corr
0.73	VFFSX	Vanguard 500 Index	Pair Corr
0.67	VINIX	Vanguard Institutional	Pair Corr
0.67	VIIIX	Vanguard Institutional	Pair Corr
0.71	CISGX	Touchstone Sands Capital	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.77	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.82	AXP	American Express	Pair Corr

Moving against RYSYX Mutual Fund

0.31	UGPIX	Ultrachina Profund	Pair Corr
0.31	UGPSX	Ultrachina Profund	Pair Corr
0.53	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	FCSCX	CGTFX	FHNFX	UGSDX	MXDQX	GSOIX	USGFX
FCSCX		0.88	0.86	0.9	0.84	0.86	0.89	FCSCX
CGTFX	0.88		1.0	0.69	0.99	1.0	0.96	CGTFX
FHNFX	0.86	1.0		0.66	0.99	1.0	0.96	FHNFX
UGSDX	0.9	0.69	0.66		0.62	0.65	0.68	UGSDX
MXDQX	0.84	0.99	0.99	0.62		0.99	0.95	MXDQX
GSOIX	0.86	1.0	1.0	0.65	0.99		0.96	GSOIX
USGFX	0.89	0.96	0.96	0.68	0.95	0.96		USGFX
	FCSCX	CGTFX	FHNFX	UGSDX	MXDQX	GSOIX	USGFX

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Risk-Adjusted Indicators

There is a big difference between RYSYX 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCSCX	0.06	0.01	0.58	(0.52)	0.00	(0.19)	0.13	(0.13)	0.66
CGTFX	0.26	0.02	0.27	0.35	0.25	(0.30)	0.60	(0.43)	1.55
FHNFX	0.23	0.01	0.26	0.45	0.23	(0.26)	0.55	(0.44)	1.23
UGSDX	0.03	0.00	0.00	(0.24)	0.00	0.00	0.00	0.00	0.52
MXDQX	0.22	0.01	0.27	0.31	0.21	(0.29)	0.50	(0.38)	1.26
GSOIX	0.24	0.01	0.26	0.22	0.24	(0.28)	0.62	(0.46)	1.42
USGFX	0.26	0.00	0.25	(0.14)	0.26	(0.32)	0.51	(0.43)	1.55

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