Commodities Strategy Correlations
RYMBX Fund | USD 155.11 0.96 0.62% |
The current 90-days correlation between Commodities Strategy and Basic Materials Fund is 0.01 (i.e., Significant diversification). The correlation of Commodities Strategy 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.
Commodities Strategy Correlation With Market
Good diversification
The correlation between Commodities Strategy Fund and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commodities Strategy Fund and DJI in the same portfolio, assuming nothing else is changed.
Commodities |
Moving together with Commodities Mutual Fund
0.72 | RYBCX | Basic Materials | PairCorr |
0.72 | RYBAX | Basic Materials | PairCorr |
0.72 | RYBMX | Basic Materials | PairCorr |
0.7 | RYBIX | Basic Materials | PairCorr |
0.65 | RYAKX | Russell 2000 15x | PairCorr |
0.65 | RYATX | Nasdaq 100 Fund | PairCorr |
0.64 | RYANX | Nova Fund Class | PairCorr |
0.69 | RYAZX | Sp Smallcap 600 | PairCorr |
0.67 | RYAVX | Sp Midcap 400 | PairCorr |
0.85 | RYEAX | Energy Fund Class | PairCorr |
0.85 | RYECX | Energy Fund Class | PairCorr |
0.67 | RYCHX | Technology Fund Class | PairCorr |
0.65 | RYCCX | Nasdaq 100 2x | PairCorr |
0.65 | RYCMX | Russell 2000 15x | PairCorr |
Moving against Commodities Mutual Fund
0.63 | RYAFX | Inverse Russell 2000 | PairCorr |
0.62 | RYACX | Inverse Nasdaq 100 | PairCorr |
0.62 | RYAIX | Inverse Nasdaq 100 | PairCorr |
0.62 | RYALX | Inverse Nasdaq 100 | PairCorr |
0.62 | RYARX | Inverse Sp 500 | PairCorr |
0.62 | RYAPX | Inverse Nasdaq 100 | PairCorr |
0.55 | RYAGX | Inverse Mid Cap | PairCorr |
0.64 | RYCQX | Inverse Russell 2000 | PairCorr |
0.62 | RYCBX | Inverse Sp 500 | PairCorr |
0.61 | RYCDX | Rydex Inverse Nasdaq | PairCorr |
0.56 | RYCWX | Inverse Dow 2x | PairCorr |
0.56 | RYCZX | Inverse Dow 2x | PairCorr |
0.55 | RYCLX | Inverse Mid Cap | PairCorr |
Related Correlations Analysis
0.84 | 0.89 | 0.85 | 0.78 | RYBIX | ||
0.84 | 0.96 | 0.77 | 0.7 | RYVIX | ||
0.89 | 0.96 | 0.8 | 0.66 | RYEIX | ||
0.85 | 0.77 | 0.8 | 0.53 | RYHRX | ||
0.78 | 0.7 | 0.66 | 0.53 | RYPMX | ||
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Risk-Adjusted Indicators
There is a big difference between Commodities Mutual Fund performing well and Commodities Strategy 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 Commodities Strategy'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RYBIX | 0.68 | 0.10 | 0.04 | 0.34 | 0.52 | 1.63 | 3.93 | |||
RYVIX | 1.50 | 0.21 | 0.03 | (0.69) | 1.67 | 3.50 | 8.56 | |||
RYEIX | 1.06 | 0.23 | 0.07 | (1.53) | 1.08 | 2.20 | 5.35 | |||
RYHRX | 0.64 | 0.00 | (0.04) | 0.13 | 0.93 | 1.43 | 4.91 | |||
RYPMX | 1.57 | 0.23 | 0.00 | (0.16) | 2.09 | 3.04 | 10.87 |