Financial Services Correlations

RYFNX Fund

USD 95.14 0.33 0.35%

The correlation of Financial Services 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.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Financial Mutual Fund

0.96	VFAIX	Vanguard Financials Index	Pair Corr
0.68	FRBCX	Regional Bank	Pair Corr
0.68	JRGRX	Regional Bank	Pair Corr
0.89	PRISX	T Rowe Price	Pair Corr
0.96	FSLBX	Brokerage And Investment Steady Growth	Pair Corr
0.89	FIDSX	Financial Services	Pair Corr
0.84	FIDCX	Financial Industries	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr
0.69	T	ATT Inc	Pair Corr
0.62	DIS	Walt Disney	Pair Corr
0.66	BA	Boeing	Pair Corr
0.75	HD	Home Depot	Pair Corr

Moving against Financial Mutual Fund

0.44	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.44	SMPIX	Semiconductor Ultrasector	Pair Corr
0.61	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.6	JNJ	Johnson Johnson	Pair Corr
0.6	KO	Coca Cola	Pair Corr
0.51	IBM	International Business	Pair Corr
0.49	DD	Dupont De Nemours	Pair Corr
0.43	MMM	3M Company	Pair Corr
0.43	MRK	Merck Company	Pair Corr
0.41	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	DNCGX	SSAGX	DPIGX	JGBZX	RFBAX	USGFX	SNGYX
DNCGX		0.6	0.78	0.97	0.62	0.92	0.91	DNCGX
SSAGX	0.6		0.86	0.6	0.9	0.77	0.8	SSAGX
DPIGX	0.78	0.86		0.82	0.8	0.91	0.91	DPIGX
JGBZX	0.97	0.6	0.82		0.63	0.94	0.92	JGBZX
RFBAX	0.62	0.9	0.8	0.63		0.75	0.74	RFBAX
USGFX	0.92	0.77	0.91	0.94	0.75		0.95	USGFX
SNGYX	0.91	0.8	0.91	0.92	0.74	0.95		SNGYX
	DNCGX	SSAGX	DPIGX	JGBZX	RFBAX	USGFX	SNGYX

Risk-Adjusted Indicators

There is a big difference between Financial Mutual Fund performing well and Financial Services 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 Financial Services' 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
DNCGX	0.13	0.00	(0.36)	(0.17)	0.12	(0.16)	0.24	(0.24)	0.63
SSAGX	0.05	0.01	0.00	1.00	0.00	0.00	0.10	(0.10)	0.51
DPIGX	0.08	(0.01)	(0.50)	(1.86)	0.06	(0.13)	0.21	(0.10)	0.52
JGBZX	0.15	0.00	(0.29)	2.38	0.16	(0.18)	0.31	(0.31)	1.03
RFBAX	0.07	0.00	(0.29)	(0.03)	0.00	(0.21)	0.19	(0.19)	0.58
USGFX	0.14	(0.01)	(0.30)	(0.80)	0.15	(0.17)	0.33	(0.25)	0.91
SNGYX	0.13	0.00	(0.36)	0.05	0.08	(0.18)	0.29	(0.19)	0.77

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Financial Services Correlations

Moving together with Financial Mutual Fund

Moving against Financial Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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