Sp 500 Correlations
RYZAX Fund | USD 111.21 0.38 0.34% |
The current 90-days correlation between Sp 500 Pure and Sp 500 Pure is 0.54 (i.e., Very weak 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
Very poor diversification
The correlation between Sp 500 Pure and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sp 500 Pure and DJI in the same portfolio, assuming nothing else is changed.
RYZAX |
Moving together with RYZAX Mutual Fund
0.95 | RYBKX | Banking Fund Class | PairCorr |
0.91 | RYBHX | Sp Midcap 400 | PairCorr |
0.96 | RYAKX | Russell 2000 15x | PairCorr |
0.96 | RYAHX | Mid Cap 15x | PairCorr |
0.75 | RYAQX | Inverse Government Long | PairCorr |
0.61 | RYAUX | Utilities Fund Class | PairCorr |
0.84 | RYATX | Nasdaq 100 Fund | PairCorr |
0.9 | RYANX | Nova Fund Class | PairCorr |
0.96 | RYAZX | Sp Smallcap 600 | PairCorr |
0.89 | RYAWX | Sp 500 Pure | PairCorr |
0.98 | RYAVX | Sp Midcap 400 | PairCorr |
0.95 | RYDHX | Dow Jones Industrial | PairCorr |
0.96 | RYDCX | Mid Cap 15x | PairCorr |
0.95 | RYDKX | Dow Jones Industrial | PairCorr |
0.81 | RYEAX | Energy Fund Class | PairCorr |
0.81 | RYECX | Energy Fund Class | PairCorr |
0.88 | RYCHX | Technology Fund Class | PairCorr |
0.83 | RYCCX | Nasdaq 100 2x Steady Growth | PairCorr |
0.96 | RYCNX | Transportation Fund Class | PairCorr |
0.96 | RYCMX | Russell 2000 15x | PairCorr |
Moving against RYZAX Mutual Fund
0.96 | RYAFX | Inverse Russell 2000 | PairCorr |
0.95 | RYAGX | Inverse Mid Cap | PairCorr |
0.88 | RYARX | Inverse Sp 500 | PairCorr |
0.85 | RYAEX | Europe 125x Strategy | PairCorr |
0.82 | RYACX | Inverse Nasdaq 100 | PairCorr |
0.82 | RYAIX | Inverse Nasdaq 100 | PairCorr |
0.82 | RYALX | Inverse Nasdaq 100 | PairCorr |
0.7 | RYABX | Government Long Bond | PairCorr |
0.35 | RYBOX | Biotechnology Fund Class | PairCorr |
0.86 | RYCEX | Europe 125x Strategy | PairCorr |
0.82 | RYAPX | Inverse Nasdaq 100 | PairCorr |
0.71 | RYCGX | Government Long Bond | PairCorr |
0.37 | RYCFX | Biotechnology Fund Class | PairCorr |
0.96 | RYCQX | Inverse Russell 2000 | PairCorr |
0.95 | RYCLX | Inverse Mid Cap | PairCorr |
0.94 | RYCWX | Inverse Dow 2x | PairCorr |
0.88 | RYCBX | Inverse Sp 500 | PairCorr |
0.83 | RYCDX | Rydex Inverse Nasdaq | PairCorr |
Related Correlations Analysis
0.87 | 0.94 | 0.89 | 0.92 | RYAWX | ||
0.87 | 0.97 | 0.98 | 0.92 | RYAZX | ||
0.94 | 0.97 | 0.95 | 0.94 | RYAVX | ||
0.89 | 0.98 | 0.95 | 0.94 | RYWAX | ||
0.92 | 0.92 | 0.94 | 0.94 | RYBHX | ||
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Risk-Adjusted Indicators
There is a big difference between RYZAX 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RYAWX | 0.74 | 0.13 | 0.14 | 0.26 | 0.63 | 1.74 | 4.86 | |||
RYAZX | 1.01 | (0.04) | 0.03 | 0.11 | 0.85 | 2.06 | 8.48 | |||
RYAVX | 0.76 | 0.00 | 0.05 | 0.14 | 0.59 | 1.93 | 6.69 | |||
RYWAX | 0.92 | (0.04) | 0.02 | 0.11 | 0.72 | 2.30 | 7.50 | |||
RYBHX | 0.80 | 0.08 | (0.01) | 0.36 | 0.96 | 1.76 | 5.62 |