BASIC MATERIALS Correlations

RYBCX Fund

USD 64.98 1.03 1.61%

Current 90-days correlation between Basic Materials and Zacks Small Cap E is 0.1 (i.e., Good diversification).Investors use its correlation structure to evaluate hedging opportunities and diversification potential.

BASIC MATERIALS Market Correlation Overview

Weak diversification

For the present investment horizon, the measured correlation between BASIC MATERIALS and Dow Jones stands at 0.51, or Weak diversification. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.

Portfolio design and allocation context appear in Your Equity Center. Portfolio balance depends on how holdings are weighted relative to each other. Tracking Basic Materials Fund in a portfolio helps measure its contribution to overall performance. Allocation tools help determine appropriate position sizing. Broader economic conditions can influence Basic Materials Fund's mutual fund valuation — related indicators include signals in discontinued.

Moving together with BASIC Mutual Fund

1.0	RYBAX	Basic Materials	Pair Corr
0.95	RYBMX	Basic Materials	Pair Corr
0.91	RYBHX	Sampp Midcap 400	Pair Corr
1.0	RYBIX	Basic Materials	Pair Corr
0.7	RYBOX	Biotechnology Fund Class	Pair Corr
0.85	RYAEX	Europe 125x Strategy	Pair Corr
0.82	RYAZX	Sampp Smallcap 600	Pair Corr
0.84	RYAWX	Sampp 500 Pure	Pair Corr
0.7	RYAVX	Sampp Midcap 400	Pair Corr
0.88	RYDCX	Mid Cap 15x	Pair Corr
0.81	RYCEX	Europe 125x Strategy	Pair Corr
0.63	RYCGX	Government Long Bond	Pair Corr
0.72	RYCMX	Russell 2000 15x	Pair Corr
0.91	RYCKX	Sampp Midcap 400	Pair Corr

Moving against BASIC Mutual Fund

0.92	RYAGX	Inverse Mid Cap	Pair Corr
0.78	RYAFX	Inverse Russell 2000	Pair Corr
0.49	RYAQX	Inverse Government Long	Pair Corr
0.9	RYCLX	Inverse Mid Cap	Pair Corr
0.55	RYICX	Internet Fund Class	Pair Corr
0.54	RYIIX	Internet Fund Investor	Pair Corr
0.49	RYCZX	Inverse Dow 2x Steady Growth	Pair Corr

Related Correlations Analysis

	CSCVX	BGRWX	JMCRX	ICHKX	EMSLX	LVAMX	NOM	FSEBX	RYHHX	ZSCCX
CSCVX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CSCVX
BGRWX	0.0		-0.08	0.34	-0.33	-0.35	0.7	0.68	0.75	0.4	BGRWX
JMCRX	0.0	-0.08		0.72	0.82	0.84	-0.37	0.54	0.42	0.62	JMCRX
ICHKX	0.0	0.34	0.72		0.7	0.49	0.05	0.79	0.68	0.63	ICHKX
EMSLX	0.0	-0.33	0.82	0.7		0.82	-0.49	0.41	0.22	0.45	EMSLX
LVAMX	0.0	-0.35	0.84	0.49	0.82		-0.52	0.32	0.23	0.42	LVAMX
NOM	0.0	0.7	-0.37	0.05	-0.49	-0.52		0.25	0.35	-0.05	NOM
FSEBX	0.0	0.68	0.54	0.79	0.41	0.32	0.25		0.89	0.66	FSEBX
RYHHX	0.0	0.75	0.42	0.68	0.22	0.23	0.35	0.89		0.66	RYHHX
ZSCCX	0.0	0.4	0.62	0.63	0.45	0.42	-0.05	0.66	0.66		ZSCCX
	CSCVX	BGRWX	JMCRX	ICHKX	EMSLX	LVAMX	NOM	FSEBX	RYHHX	ZSCCX

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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

RYHHX	+ 0.89	FSEBX
LVAMX	+ 0.84	JMCRX
EMSLX	+ 0.82	JMCRX
LVAMX	+ 0.82	EMSLX
FSEBX	+ 0.79	ICHKX
RYHHX	+ 0.75	BGRWX

High negative correlations

NOM	- 0.52	LVAMX
NOM	- 0.49	EMSLX
NOM	- 0.37	JMCRX
LVAMX	- 0.35	BGRWX
EMSLX	- 0.33	BGRWX
JMCRX	- 0.08	BGRWX

Risk-Adjusted Indicators

BASIC MATERIALS Mutual Fund can look attractive on recent price action while risk efficiency lags the peer group. Reviewing BASIC MATERIALS's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CSCVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BGRWX	0.64	-0.09	0.00	-0.17	0.00	0.00	0.86	-1.67	3.44
JMCRX	0.87	0.13	0.11	0.05	1.02	-0.97	2.16	-1.90	5.33
ICHKX	0.67	-0.01	0.00	-0.08	0.00	0.00	1.26	-1.61	5.01
EMSLX	0.94	0.12	0.11	0.44	1.38	-0.85	2.05	-1.99	6.33
LVAMX	0.50	0.06	0.12	0.03	0.64	-0.50	0.99	-0.91	3.62
NOM	1.16	-0.10	0.00	-2.33	0.00	0.00	2.65	-2.38	7.05
FSEBX	0.70	0.04	0.00	-0.02	0.00	0.00	1.28	-1.74	4.30
RYHHX	0.20	-0.03	0.00	-0.19	0.00	0.00	0.38	-0.57	1.72
ZSCCX	0.96	-0.05	0.00	0.15	0.00	0.00	1.97	-2.13	5.31

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