BASIC MATERIALS Correlations

RYBAX Fund

USD 87.18 0.40 0.46%

Current 90-days correlation between Basic Materials and First Trust Exchange Traded is 0.45 (i.e., Very weak diversification).The correlation of BASIC MATERIALS 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.

BASIC MATERIALS Correlation With Market

Poor diversification

Across the chosen horizon, RYBAX and DJI show a correlation of 0.65 and fall into the Poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

BASIC MATERIALS has P/E of 18.97. Use Your Equity Center to explore allocation context. This includes a position in Basic Materials Fund within the portfolio mix. 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 nation.

Moving together with BASIC Mutual Fund

1.0	RYBCX	Basic Materials	Pair Corr
0.98	RYBMX	Basic Materials	Pair Corr
0.92	RYBHX	Sampp Midcap 400	Pair Corr
1.0	RYBIX	Basic Materials	Pair Corr
0.85	RYBOX	Biotechnology Fund Class	Pair Corr
0.91	RYAEX	Europe 125x Strategy	Pair Corr
0.9	RYAHX	Mid Cap 15x	Pair Corr
0.7	RYAUX	Utilities Fund Class	Pair Corr
0.81	RYAZX	Sampp Smallcap 600	Pair Corr
0.94	RYAWX	Sampp 500 Pure	Pair Corr
0.68	RYAVX	Sampp Midcap 400	Pair Corr
0.73	RYDHX	Dow Jones Industrial	Pair Corr
0.89	RYDCX	Mid Cap 15x	Pair Corr
0.79	RYEAX	Energy Fund Class	Pair Corr
0.79	RYECX	Energy Fund Class	Pair Corr
0.83	RYCFX	Biotechnology Fund Class	Pair Corr
0.81	RYCPX	Consumer Products	Pair Corr
0.95	RYCIX	Consumer Products	Pair Corr
0.92	RYCKX	Sampp Midcap 400	Pair Corr
0.81	RYCRX	Real Estate Fund Potential Growth	Pair Corr
0.79	RYEIX	Energy Fund Investor	Pair Corr
0.83	RYESX	Energy Services	Pair Corr

Moving against BASIC Mutual Fund

0.91	RYAGX	Inverse Mid Cap Steady Growth	Pair Corr
0.9	RYCLX	Inverse Mid Cap Steady Growth	Pair Corr
0.71	RYIIX	Internet Fund Investor	Pair Corr
0.67	RYIDX	Rydex Dynamic Fds Steady Growth	Pair Corr
0.64	RYIAX	Internet Fund Class	Pair Corr
0.62	RYCZX	Inverse Dow 2x Steady Growth	Pair Corr
0.6	RYCWX	Inverse Dow 2x Steady Growth	Pair Corr
0.31	RYFIX	Financial Services	Pair Corr
0.31	RYFAX	Financial Services	Pair Corr

Related Correlations Analysis

	RYBIX	RYBMX	RYUIX	CVLEX	AFALX	RSJN	TGFRX	PRSD	PCIG	RSSE
RYBIX		0.98	0.71	0.94	0.86	0.96	0.1	0.88	-0.32	0.95	RYBIX
RYBMX	0.98		0.72	0.93	0.85	0.94	0.05	0.88	-0.36	0.93	RYBMX
RYUIX	0.71	0.72		0.74	0.75	0.75	-0.15	0.85	-0.74	0.75	RYUIX
CVLEX	0.94	0.93	0.74		0.95	0.97	-0.03	0.94	-0.38	0.96	CVLEX
AFALX	0.86	0.85	0.75	0.95		0.93	-0.13	0.93	-0.49	0.93	AFALX
RSJN	0.96	0.94	0.75	0.97	0.93		0.07	0.9	-0.34	1.0	RSJN
TGFRX	0.1	0.05	-0.15	-0.03	-0.13	0.07		-0.23	0.35	0.06	TGFRX
PRSD	0.88	0.88	0.85	0.94	0.93	0.9	-0.23		-0.58	0.9	PRSD
PCIG	-0.32	-0.36	-0.74	-0.38	-0.49	-0.34	0.35	-0.58		-0.32	PCIG
RSSE	0.95	0.93	0.75	0.96	0.93	1.0	0.06	0.9	-0.32		RSSE
	RYBIX	RYBMX	RYUIX	CVLEX	AFALX	RSJN	TGFRX	PRSD	PCIG	RSSE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RSSE	+ 1.0	RSJN
RYBMX	+ 0.98	RYBIX
RSJN	+ 0.97	CVLEX
RSJN	+ 0.96	RYBIX
RSSE	+ 0.96	CVLEX
RSSE	+ 0.95	RYBIX

High negative correlations

PCIG	- 0.74	RYUIX
PCIG	- 0.58	PRSD
PCIG	- 0.49	AFALX
PCIG	- 0.38	CVLEX
PCIG	- 0.36	RYBMX
PCIG	- 0.34	RSJN

Risk-Adjusted Indicators

There is a big difference between BASIC Mutual Fund performing well and BASIC MATERIALS 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 BASIC MATERIALS'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	1.35	0.40	0.17	0.33	1.82	-1.40	2.61	-3.65	13.81
RYBMX	1.37	0.40	0.18	-0.90	1.82	-1.43	2.60	-3.65	14.95
RYUIX	0.65	0.09	0.13	0.48	0.67	-0.73	1.45	-1.12	4.08
CVLEX	0.56	0.12	0.16	0.13	0.58	-0.62	1.28	-1.41	4.06
AFALX	0.52	0.07	0.12	0.09	0.52	-0.61	1.06	-1.00	3.13
RSJN	0.31	0.03	0.09	0.05	0.35	-0.32	0.61	-0.71	1.85
TGFRX	1.45	0.03	0.01	0.01	2.25	-1.29	2.62	-3.78	9.39
PRSD	0.07	0.00	0.19	-1.48	0.00	-0.08	0.16	-0.08	0.44
PCIG	0.90	-0.12	0.00	-0.13	0.00	0.00	1.57	-2.01	7.04
RSSE	0.33	0.03	0.08	0.05	0.38	-0.35	0.84	-0.68	2.19

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