Energy Fund Correlations

RYEIX Fund

USD 272.53 3.85 1.43%

The current 90-days correlation between Energy Fund Investor and Ashmore Emerging Markets is 0.17 (i.e., Average diversification). The correlation of Energy 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.

Energy Fund Correlation With Market

Weak diversification

The correlation between Energy Fund Investor and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energy 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 Energy 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 Energy Mutual Fund

0.88	RYEAX	Energy Fund Class	Pair Corr
1.0	RYECX	Energy Fund Class	Pair Corr

Moving against Energy Mutual Fund

0.39	RYACX	Inverse Nasdaq 100	Pair Corr
0.54	RYCAX	Consumer Products	Pair Corr
0.54	RYCIX	Consumer Products	Pair Corr
0.5	RYCZX	Inverse Dow 2x	Pair Corr
0.46	RYCPX	Consumer Products	Pair Corr
0.34	RYCWX	Inverse Dow 2x	Pair Corr

Related Correlations Analysis

	IGIEX	MPEMX	REMVX	CMERX	RBLCX	ZEMIX	DBELX
IGIEX		0.95	0.95	0.85	0.81	0.85	0.89	IGIEX
MPEMX	0.95		0.99	0.89	0.88	0.94	0.92	MPEMX
REMVX	0.95	0.99		0.86	0.86	0.94	0.91	REMVX
CMERX	0.85	0.89	0.86		0.75	0.73	0.92	CMERX
RBLCX	0.81	0.88	0.86	0.75		0.9	0.81	RBLCX
ZEMIX	0.85	0.94	0.94	0.73	0.9		0.82	ZEMIX
DBELX	0.89	0.92	0.91	0.92	0.81	0.82		DBELX
	IGIEX	MPEMX	REMVX	CMERX	RBLCX	ZEMIX	DBELX

Risk-Adjusted Indicators

There is a big difference between Energy Mutual Fund performing well and Energy 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 Energy 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
IGIEX	0.22	0.07	0.03	0.89	0.00	(0.29)	0.57	(0.34)	1.16
MPEMX	0.55	0.09	0.09	0.22	0.56	(0.67)	1.26	(0.88)	4.07
REMVX	0.65	0.12	0.11	0.25	0.71	(0.73)	1.38	(0.83)	4.64
CMERX	0.66	0.09	0.08	0.20	0.63	(0.74)	1.35	(1.21)	3.50
RBLCX	0.34	0.02	(0.03)	0.09	0.39	(0.36)	0.73	(0.71)	2.08
ZEMIX	0.68	0.08	0.07	0.20	0.74	(0.79)	1.48	(1.13)	4.28
DBELX	0.22	0.04	(0.04)	0.36	0.17	(0.25)	0.42	(0.53)	1.28

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