Technology Fund Correlations

RYCHX Fund

USD 162.70 0.09 0.06%

The current 90-days correlation between Technology Fund Class and Forum Real Estate is -0.05 (i.e., Good diversification). The correlation of Technology 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.

Technology Fund Correlation With Market

Poor diversification

The correlation between Technology Fund Class and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technology Fund Class 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 Technology Fund Class. 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 rate.

Moving together with Technology Mutual Fund

0.78	DIDIY	Didi Global ADR	Pair Corr
0.82	WEBB	Web Global Holdings	Pair Corr
0.63	WGNR	Wegener	Pair Corr
0.65	CETXP	Cemtrex Pref	Pair Corr

Moving against Technology Mutual Fund

0.79	DZSI	DZS Inc	Pair Corr
0.76	ELCO	Elcom International	Pair Corr
0.73	VHAI	VHAI	Pair Corr
0.73	VVPR	VivoPower International	Pair Corr
0.67	DLPX	Delphax Technologies	Pair Corr
0.65	DMAN	Innovativ Media Group	Pair Corr
0.65	XELAP	Exela Technologies	Pair Corr
0.84	VLD	Velo3D Inc Tech Boost	Pair Corr
0.77	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.68	EVOL	Evolving Systems	Pair Corr
0.64	SBIGW	SpringBig Holdings	Pair Corr
0.54	XELA	Exela Technologies	Pair Corr
0.49	SURGW	SurgePays Warrant	Pair Corr
0.48	WRNT	Warrantee American	Pair Corr

Related Correlations Analysis

	FORFX	PNDIX	MXREX	GURPX	CREYX	JYEBX
FORFX		0.94	0.68	0.67	0.76	0.83	FORFX
PNDIX	0.94		0.54	0.55	0.65	0.74	PNDIX
MXREX	0.68	0.54		0.92	0.92	0.96	MXREX
GURPX	0.67	0.55	0.92		0.99	0.9	GURPX
CREYX	0.76	0.65	0.92	0.99		0.92	CREYX
JYEBX	0.83	0.74	0.96	0.9	0.92		JYEBX
	FORFX	PNDIX	MXREX	GURPX	CREYX	JYEBX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Technology Mutual Fund performing well and Technology 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 Technology 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
FORFX	0.06	0.03	0.00	(2.12)	0.00	0.00	0.11	0.00	1.03
PNDIX	0.04	0.02	0.00	12.02	0.00	0.00	0.10	0.00	0.10
MXREX	0.65	0.08	(0.10)	1.25	0.66	(0.74)	1.34	(1.05)	3.82
GURPX	0.58	0.04	(0.12)	0.36	0.59	(0.68)	1.28	(1.10)	3.33
CREYX	0.66	0.06	(0.07)	0.41	0.68	(0.77)	1.43	(1.31)	3.74
JYEBX	0.63	0.12	(0.04)	1.98	0.64	(0.71)	1.37	(0.98)	3.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC