Technology Fund Correlations

RYTIX Fund

USD 233.01 0.65 0.28%

The current 90-days correlation between Technology Fund Investor and Health Care Fund is -0.15 (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 Investor and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technology 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 Technology 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 Technology Mutual Fund

0.64	VVPR	VivoPower International Tech Boost	Pair Corr
0.71	DBD	Diebold Nixdorf,	Pair Corr
0.9	GENVR	Gen Digital Contingent	Pair Corr
0.65	JNPR	Juniper Networks	Pair Corr
0.62	MIND	Mind Technology	Pair Corr
0.8	HPE-PC	Hewlett Packard Ente	Pair Corr
0.89	CORZZ	Core Scientific, Tranche	Pair Corr
0.65	RZLVW	Rezolve AI Limited	Pair Corr
0.83	STRF	MicroStrategy Incorporated	Pair Corr
0.83	RYBCX	Basic Materials	Pair Corr
0.83	RYBAX	Basic Materials	Pair Corr
0.81	RYBKX	Banking Fund Class	Pair Corr

Moving against Technology Mutual Fund

0.64	VISL	Vislink Technologies	Pair Corr
0.51	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.42	DVLT	Datavault AI Symbol Change	Pair Corr
0.36	BULLZ	Webull Incentive	Pair Corr
0.89	SMTK	SmartKem, Common Stock	Pair Corr
0.55	AXIL	AXIL Brands, Trending	Pair Corr
0.48	ODYS	Odysightai Common Stock	Pair Corr
0.35	SLNHP	Soluna Holdings Preferred	Pair Corr
0.35	APCX	Apptech Corp	Pair Corr
0.81	RYALX	Inverse Nasdaq 100	Pair Corr
0.81	RYARX	Inverse Sp 500	Pair Corr

Related Correlations Analysis

	RYHIX	RYSIX	RYMIX	RYFIX	RYPIX
RYHIX		0.59	0.6	0.63	0.45	RYHIX
RYSIX	0.59		0.97	0.84	0.93	RYSIX
RYMIX	0.6	0.97		0.83	0.91	RYMIX
RYFIX	0.63	0.84	0.83		0.8	RYFIX
RYPIX	0.45	0.93	0.91	0.8		RYPIX
	RYHIX	RYSIX	RYMIX	RYFIX	RYPIX

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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
RYHIX	0.84	0.09	(0.05)	(0.44)	1.03	(0.88)	1.53	(1.82)	5.33
RYSIX	1.33	0.69	0.52	4.58	0.43	(1.79)	3.58	(1.74)	9.15
RYMIX	0.66	0.32	0.24	(3.54)	0.25	(0.81)	1.69	(1.00)	3.54
RYFIX	0.68	0.29	0.15	(1.43)	0.51	(0.77)	1.91	(0.91)	5.59
RYPIX	1.13	0.38	0.21	(7.40)	0.77	(1.37)	2.57	(1.91)	8.14

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