Transportation Fund Correlations

RYCNX Fund

USD 47.51 0.71 1.47%

The current 90-days correlation between Transportation Fund Class and Msift High Yield is 0.59 (i.e., Very weak diversification). The correlation of Transportation 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.

Transportation Fund Correlation With Market

Poor diversification

The correlation between Transportation Fund Class and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transportation Fund Class 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 Transportation Fund Class. 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 state.

Moving together with Transportation Mutual Fund

0.63	RYBCX	Basic Materials	Pair Corr
0.66	RYBAX	Basic Materials	Pair Corr
0.66	RYBKX	Banking Fund Class	Pair Corr
0.61	RYBMX	Basic Materials	Pair Corr
0.84	RYBHX	Sp Midcap 400	Pair Corr
0.67	RYBIX	Basic Materials	Pair Corr
0.74	RYAHX	Mid Cap 15x	Pair Corr
0.74	RYANX	Nova Fund Class	Pair Corr
0.83	RYAZX	Sp Smallcap 600	Pair Corr
0.74	RYAVX	Sp Midcap 400	Pair Corr
0.8	RYDHX	Dow Jones Industrial	Pair Corr
0.66	RYDCX	Mid Cap 15x	Pair Corr
0.75	RYDKX	Dow Jones Industrial	Pair Corr
0.65	RYCEX	Europe 125x Strategy	Pair Corr
0.61	RYCMX	Russell 2000 15x	Pair Corr

Moving against Transportation Mutual Fund

0.74	RYAFX	Inverse Russell 2000	Pair Corr
0.65	RYARX	Inverse Sp 500	Pair Corr
0.63	RYACX	Inverse Nasdaq 100	Pair Corr
0.63	RYALX	Inverse Nasdaq 100	Pair Corr
0.63	RYAGX	Inverse Mid Cap	Pair Corr
0.54	RYAIX	Inverse Nasdaq 100	Pair Corr
0.53	RYAPX	Inverse Nasdaq 100	Pair Corr
0.38	RYAUX	Utilities Fund Class	Pair Corr
0.76	RYCQX	Inverse Russell 2000	Pair Corr
0.63	RYCWX	Inverse Dow 2x	Pair Corr
0.59	RYCZX	Inverse Dow 2x	Pair Corr
0.58	RYCBX	Inverse Sp 500	Pair Corr
0.49	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.38	RYCUX	Utilities Fund Class	Pair Corr
0.34	RYCGX	Government Long Bond	Pair Corr

Related Correlations Analysis

	MRHYX	AHYMX	ACHFX	RIMOX	CYBAX	FHYIX	GHVIX
MRHYX		0.76	0.88	0.83	0.88	0.32	0.92	MRHYX
AHYMX	0.76		0.82	0.85	0.81	0.61	0.8	AHYMX
ACHFX	0.88	0.82		0.85	0.92	0.51	0.91	ACHFX
RIMOX	0.83	0.85	0.85		0.88	0.48	0.89	RIMOX
CYBAX	0.88	0.81	0.92	0.88		0.47	0.95	CYBAX
FHYIX	0.32	0.61	0.51	0.48	0.47		0.51	FHYIX
GHVIX	0.92	0.8	0.91	0.89	0.95	0.51		GHVIX
	MRHYX	AHYMX	ACHFX	RIMOX	CYBAX	FHYIX	GHVIX

Risk-Adjusted Indicators

There is a big difference between Transportation Mutual Fund performing well and Transportation 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 Transportation 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
MRHYX	0.09	(0.01)	(0.32)	0.01	0.02	(0.17)	0.24	(0.24)	0.59
AHYMX	0.09	0.00	(0.50)	(0.02)	0.00	(0.16)	0.22	(0.11)	0.67
ACHFX	0.13	0.00	(0.26)	0.04	0.06	(0.21)	0.35	(0.23)	1.04
RIMOX	0.06	0.01	(0.65)	2.14	0.00	(0.09)	0.20	(0.10)	0.30
CYBAX	0.11	0.00	(0.39)	1.86	0.03	(0.15)	0.32	(0.24)	0.80
FHYIX	0.10	0.01	(0.32)	(13.75)	0.00	(0.19)	0.23	(0.22)	0.67
GHVIX	0.12	0.01	(0.31)	0.23	0.05	(0.15)	0.28	(0.22)	0.78

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