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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Commodities Strategy 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 bureau of labor statistics.

Moving together with Commodities Mutual Fund

  0.72RYBCX Basic MaterialsPairCorr
  0.72RYBAX Basic MaterialsPairCorr
  0.72RYBMX Basic MaterialsPairCorr
  0.7RYBIX Basic MaterialsPairCorr
  0.65RYAKX Russell 2000 15xPairCorr
  0.65RYATX Nasdaq 100 FundPairCorr
  0.64RYANX Nova Fund ClassPairCorr
  0.69RYAZX Sp Smallcap 600PairCorr
  0.67RYAVX Sp Midcap 400PairCorr
  0.85RYEAX Energy Fund ClassPairCorr
  0.85RYECX Energy Fund ClassPairCorr
  0.67RYCHX Technology Fund ClassPairCorr
  0.65RYCCX Nasdaq 100 2xPairCorr
  0.65RYCMX Russell 2000 15xPairCorr

Moving against Commodities Mutual Fund

  0.63RYAFX Inverse Russell 2000PairCorr
  0.62RYACX Inverse Nasdaq 100PairCorr
  0.62RYAIX Inverse Nasdaq 100PairCorr
  0.62RYALX Inverse Nasdaq 100PairCorr
  0.62RYARX Inverse Sp 500PairCorr
  0.62RYAPX Inverse Nasdaq 100PairCorr
  0.55RYAGX Inverse Mid CapPairCorr
  0.64RYCQX Inverse Russell 2000PairCorr
  0.62RYCBX Inverse Sp 500PairCorr
  0.61RYCDX Rydex Inverse NasdaqPairCorr
  0.56RYCWX Inverse Dow 2xPairCorr
  0.56RYCZX Inverse Dow 2xPairCorr
  0.55RYCLX Inverse Mid CapPairCorr

Related Correlations Analysis

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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.