Precious Metals Correlations

RYMPX Fund

USD 130.20 5.14 3.80%

The current 90-days correlation between Precious Metals and Us Government Securities is -0.21 (i.e., Very good diversification). The correlation of Precious Metals 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.

Precious Metals Correlation With Market

Very weak diversification

The correlation between Precious Metals Fund and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precious Metals 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 Precious Metals 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 american community survey.

Moving together with Precious Mutual Fund

0.63

RYAQX

Inverse Government Long

Pair Corr

Moving against Precious Mutual Fund

0.61	RYABX	Government Long Bond	Pair Corr
0.55	RYBOX	Biotechnology Fund Class	Pair Corr
0.51	RYCFX	Biotechnology Fund Class	Pair Corr
0.49	RYDHX	Dow Jones Industrial	Pair Corr
0.48	RYAZX	Sp Smallcap 600	Pair Corr
0.47	RYDCX	Mid Cap 15x	Pair Corr
0.42	RYDKX	Dow Jones Industrial	Pair Corr
0.41	RYANX	Nova Fund Class	Pair Corr
0.41	RYEAX	Energy Fund Class	Pair Corr
0.4	RYAKX	Russell 2000 15x	Pair Corr
0.4	RYAVX	Sp Midcap 400	Pair Corr
0.4	RYECX	Energy Fund Class	Pair Corr
0.39	RYAHX	Mid Cap 15x	Pair Corr
0.34	RYATX	Nasdaq 100 Fund	Pair Corr
0.33	RYCEX	Europe 125x Strategy	Pair Corr
0.32	RYAEX	Europe 125x Strategy	Pair Corr
0.31	RYBKX	Banking Fund Class	Pair Corr
0.61	RYCGX	Government Long Bond	Pair Corr
0.57	RYESX	Energy Services	Pair Corr
0.55	RYCVX	Dow 2x Strategy	Pair Corr
0.55	RYCYX	Dow 2x Strategy	Pair Corr
0.55	RYGBX	Government Long Bond	Pair Corr
0.49	RYDAX	Dow Jones Industrial	Pair Corr
0.48	RYCRX	Real Estate Fund	Pair Corr
0.47	RYELX	Electronics Fund Class	Pair Corr

Related Correlations Analysis

	GVTFX	JGBZX	HCUSX	NUSAX	RGVEX	AUGAX	FGUAX	UGSDX
GVTFX		0.89	0.94	0.67	0.99	0.99	0.78	0.62	GVTFX
JGBZX	0.89		0.95	0.46	0.92	0.92	0.64	0.44	JGBZX
HCUSX	0.94	0.95		0.51	0.97	0.96	0.71	0.48	HCUSX
NUSAX	0.67	0.46	0.51		0.63	0.61	0.84	0.87	NUSAX
RGVEX	0.99	0.92	0.97	0.63		0.98	0.79	0.57	RGVEX
AUGAX	0.99	0.92	0.96	0.61	0.98		0.72	0.57	AUGAX
FGUAX	0.78	0.64	0.71	0.84	0.79	0.72		0.8	FGUAX
UGSDX	0.62	0.44	0.48	0.87	0.57	0.57	0.8		UGSDX
	GVTFX	JGBZX	HCUSX	NUSAX	RGVEX	AUGAX	FGUAX	UGSDX

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Risk-Adjusted Indicators

There is a big difference between Precious Mutual Fund performing well and Precious Metals 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 Precious Metals' 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
GVTFX	0.33	0.03	0.26	(0.57)	0.32	(0.36)	0.68	(0.59)	1.91
JGBZX	0.28	0.01	0.23	(0.63)	0.33	(0.27)	0.54	(0.52)	1.67
HCUSX	0.31	0.02	0.24	(0.43)	0.33	(0.32)	0.60	(0.58)	1.97
NUSAX	0.03	0.00	0.00	2.82	0.00	0.00	0.10	0.00	0.19
RGVEX	0.30	0.02	0.25	(0.44)	0.32	(0.33)	0.59	(0.58)	1.90
AUGAX	0.41	0.03	0.20	(1.21)	0.48	(0.42)	0.85	(0.72)	2.48
FGUAX	0.04	0.00	0.56	0.07	0.00	(0.17)	0.10	(0.10)	0.62
UGSDX	0.03	0.01	0.00	(1.77)	0.00	0.00	0.00	0.00	0.52

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