Utilities Fund Correlations

RYCUX Fund

USD 45.06 0.08 0.18%

The current 90-days correlation between Utilities Fund Class and Blrc Sgy Mnp is 0.07 (i.e., Significant diversification). The correlation of Utilities 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.

Utilities Fund Correlation With Market

Weak diversification

The correlation between Utilities Fund Class and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Utilities 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 Utilities 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 private.

Moving together with Utilities Mutual Fund

0.86	RYABX	Government Long Bond	Pair Corr
1.0	RYAUX	Utilities Fund Class	Pair Corr
0.86	RYCGX	Government Long Bond	Pair Corr

Moving against Utilities Mutual Fund

0.86	RYBKX	Banking Fund Class	Pair Corr
0.8	RYBOX	Biotechnology Fund Class	Pair Corr
0.69	RYBCX	Basic Materials Steady Growth	Pair Corr
0.69	RYBAX	Basic Materials Steady Growth	Pair Corr
0.69	RYBMX	Basic Materials Steady Growth	Pair Corr
0.69	RYBIX	Basic Materials Steady Growth	Pair Corr
0.66	RYAEX	Europe 125x Strategy	Pair Corr
0.64	RYBHX	Sp Midcap 400	Pair Corr
0.61	RYAHX	Mid Cap 15x	Pair Corr
0.42	RYAKX	Russell 2000 15x	Pair Corr
0.89	RYAQX	Inverse Government Long	Pair Corr
0.78	RYCFX	Biotechnology Fund Class	Pair Corr
0.73	RYDHX	Dow Jones Industrial	Pair Corr
0.72	RYDKX	Dow Jones Industrial	Pair Corr
0.69	RYATX	Nasdaq 100 Fund	Pair Corr
0.62	RYCEX	Europe 125x Strategy	Pair Corr
0.58	RYDCX	Mid Cap 15x	Pair Corr
0.56	RYAVX	Sp Midcap 400	Pair Corr
0.55	RYANX	Nova Fund Class	Pair Corr
0.51	RYAZX	Sp Smallcap 600	Pair Corr
0.46	RYEAX	Energy Fund Class	Pair Corr
0.44	RYECX	Energy Fund Class	Pair Corr
0.37	RYAWX	Sp 500 Pure	Pair Corr
0.79	RYCNX	Transportation Fund Class	Pair Corr
0.75	RYCYX	Dow 2x Strategy	Pair Corr
0.74	RYCVX	Dow 2x Strategy	Pair Corr
0.67	RYCOX	Nasdaq 100 Fund	Pair Corr
0.67	RYCTX	Sp 500 2x	Pair Corr
0.63	RYCAX	Consumer Products	Pair Corr

Related Correlations Analysis

	MDMTX	PRFHX	LCCMX	NSIOX	TFBIX	OWMBX
MDMTX		0.8	-0.21	0.83	0.74	0.42	MDMTX
PRFHX	0.8		0.19	0.87	0.91	0.74	PRFHX
LCCMX	-0.21	0.19		0.24	0.41	0.68	LCCMX
NSIOX	0.83	0.87	0.24		0.93	0.68	NSIOX
TFBIX	0.74	0.91	0.41	0.93		0.86	TFBIX
OWMBX	0.42	0.74	0.68	0.68	0.86		OWMBX
	MDMTX	PRFHX	LCCMX	NSIOX	TFBIX	OWMBX

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

TFBIX	+ 0.93	NSIOX
TFBIX	+ 0.91	PRFHX
NSIOX	+ 0.87	PRFHX
OWMBX	+ 0.86	TFBIX
NSIOX	+ 0.83	MDMTX
PRFHX	+ 0.8	MDMTX

High negative correlations

LCCMX

- 0.21

MDMTX

Risk-Adjusted Indicators

There is a big difference between Utilities Mutual Fund performing well and Utilities 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 Utilities 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MDMTX	0.08	0.00	(0.48)	0.00	(0.15)	0.19	(0.10)	0.86
PRFHX	0.09	0.02	(0.43)	6.20	(0.14)	0.27	(0.09)	0.81
LCCMX	0.14	0.03	(0.31)	1.63	(0.37)	0.12	(0.25)	2.58
NSIOX	0.07	0.01	(0.45)	1.72	(0.15)	0.20	(0.10)	0.61
TFBIX	0.07	0.00	(0.45)	0.00	(0.14)	0.20	(0.10)	0.60
OWMBX	0.06	0.01	(0.82)	0.67	(0.11)	0.17	(0.09)	0.26

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