Precious Metals Correlations

RYMNX Fund

USD 188.94 5.54 3.02%

The current 90-days correlation between Precious Metals and Columbia Diversified Equity is 0.02 (i.e., Significant diversification). The correlation of Precious Metals 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.

Precious Metals Correlation With Market

Average diversification

The correlation between Precious Metals Fund and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precious Metals Fund 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 Precious Metals Fund. 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 Precious Mutual Fund

0.86	RYBCX	Basic Materials	Pair Corr
0.86	RYBAX	Basic Materials	Pair Corr
0.66	RYBKX	Banking Fund Class	Pair Corr
0.86	RYBMX	Basic Materials	Pair Corr
0.86	RYBIX	Basic Materials	Pair Corr
0.81	RYAKX	Russell 2000 15x	Pair Corr
0.67	RYAHX	Mid Cap 15x	Pair Corr
0.69	RYAUX	Utilities Fund Class	Pair Corr
0.75	RYATX	Nasdaq 100 Fund	Pair Corr
0.78	RYANX	Nova Fund Class	Pair Corr
0.83	RYAZX	Sp Smallcap 600	Pair Corr
0.72	RYDHX	Dow Jones Industrial	Pair Corr
0.66	RYDCX	Mid Cap 15x	Pair Corr
0.71	RYDKX	Dow Jones Industrial	Pair Corr
0.85	RYCFX	Biotechnology Fund Class Steady Growth	Pair Corr
0.71	RYCHX	Technology Fund Class	Pair Corr
0.73	RYCCX	Nasdaq 100 2x	Pair Corr
0.71	RYCNX	Transportation Fund Class	Pair Corr
0.83	RYCMX	Russell 2000 15x	Pair Corr

Moving against Precious Mutual Fund

0.8	RYAFX	Inverse Russell 2000	Pair Corr
0.73	RYAIX	Inverse Nasdaq 100	Pair Corr
0.71	RYACX	Inverse Nasdaq 100	Pair Corr
0.71	RYALX	Inverse Nasdaq 100	Pair Corr
0.61	RYAGX	Inverse Mid Cap	Pair Corr
0.75	RYARX	Inverse Sp 500	Pair Corr
0.71	RYAPX	Inverse Nasdaq 100	Pair Corr
0.76	RYCBX	Inverse Sp 500	Pair Corr
0.72	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.68	RYCWX	Inverse Dow 2x	Pair Corr
0.41	RYCLX	Inverse Mid Cap	Pair Corr

Related Correlations Analysis

	CDEYX	BIAUX	VSTCX	LBWAX	MBLAX	QDARX	JPDVX
CDEYX		0.95	0.94	0.99	0.98	0.9	0.98	CDEYX
BIAUX	0.95		0.99	0.96	0.94	0.91	0.94	BIAUX
VSTCX	0.94	0.99		0.95	0.94	0.85	0.93	VSTCX
LBWAX	0.99	0.96	0.95		0.98	0.89	0.98	LBWAX
MBLAX	0.98	0.94	0.94	0.98		0.88	0.98	MBLAX
QDARX	0.9	0.91	0.85	0.89	0.88		0.92	QDARX
JPDVX	0.98	0.94	0.93	0.98	0.98	0.92		JPDVX
	CDEYX	BIAUX	VSTCX	LBWAX	MBLAX	QDARX	JPDVX

Risk-Adjusted Indicators

There is a big difference between Precious Mutual Fund performing well and Precious Metals 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 Precious Metals' 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
CDEYX	0.46	0.13	0.04	(1.19)	0.34	(0.51)	1.01	(0.82)	2.30
BIAUX	0.86	0.06	0.11	0.15	0.72	(0.99)	2.10	(1.53)	4.63
VSTCX	0.81	0.04	0.09	0.13	0.72	(0.93)	1.92	(1.48)	4.10
LBWAX	0.50	0.14	0.06	(1.33)	0.37	(0.58)	1.14	(0.88)	2.63
MBLAX	0.20	0.05	(0.17)	(2.76)	0.00	(0.23)	0.47	(0.39)	1.15
QDARX	0.06	0.02	(0.68)	(1.37)	0.00	(0.10)	0.16	(0.08)	0.40
JPDVX	0.32	0.10	(0.03)	(0.98)	0.07	(0.38)	0.74	(0.55)	1.67

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