Basic Materials Fund Volatility
| RYBCX Fund | USD 66.38 1.40 2.15% |
Over the last 3 months, Basic Materials Fund maintains moderate price volatility. Basic Materials Fund posts a Sharpe ratio of 0.0405, suggesting positive return efficiency over the last 3 months. The current volatility backdrop is described by 26 technical indicators.
Sharpe Ratio = 0.0405
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| Cash | Small Risk | RYBCX | High Risk | Huge Risk |
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Basic Materials Fund posted a Market Risk Adjusted Performance of 0.1%, a Risk of 1.99, and a Risk Adjusted Performance of 0.1% for the reported period. BASIC MATERIALS reflects approximately 3% of its established trend range based on monthly averages. Portfolio-level outcomes depend on how the asset interacts with other holdings. Portfolio outcomes depend on how BASIC MATERIALS interacts with existing holdings over time. Evaluating BASIC MATERIALS against its trend range supports more grounded portfolio decisions.
Key indicators related to BASIC MATERIALS's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Understanding BASIC MATERIALS's historical volatility sets realistic expectations for BASIC MATERIALS's future price range. Investors use volatility estimates to size positions, set stop-loss levels, and price the cost of hedging BASIC MATERIALS exposure. Volatility analysis for BASIC MATERIALS is most actionable when combined with directional views. High financial distress probability for BASIC MATERIALS amplifies the risk of extreme downside scenarios.
BASIC |
Volatility Strategy
Basic Materials Fund return fluctuations can modify its marginal contribution to total portfolio variance. Allocation size and correlation determine overall impact. Current statistical measures show total volatility near 1.99% with a beta coefficient of 1.41, indicating sensitivity relative to the broader market benchmark. Risk-adjusted efficiency, represented by a Sharpe ratio of 0.0405, evaluates return per unit of total risk. An alpha value of 0.2 reflects performance relative to systematic market exposure. Expected return estimates near 0.0806% are derived from historical distribution modeling and help frame forward-looking return assumptions within a portfolio context. Volatility effects depend on underlying market structure and exposure characteristics.
Main indicators related to BASIC MATERIALS's market risk premium analysis include:
Beta 1.41 | Alpha 0.2 | Risk 1.99 | Sharpe Ratio 0.0405 | Expected Return 0.0806 |
Moving together with BASIC Mutual Fund
| 1.0 | RYBAX | Basic Materials | PairCorr |
| 0.95 | RYBMX | Basic Materials | PairCorr |
| 0.9 | RYBHX | Sampp Midcap 400 | PairCorr |
| 1.0 | RYBIX | Basic Materials | PairCorr |
| 0.7 | RYBOX | Biotechnology Fund Class | PairCorr |
| 0.81 | RYAEX | Europe 125x Strategy | PairCorr |
| 0.82 | RYAZX | Sampp Smallcap 600 Steady Growth | PairCorr |
| 0.83 | RYAWX | Sampp 500 Pure | PairCorr |
| 0.7 | RYAVX | Sampp Midcap 400 | PairCorr |
| 0.87 | RYDCX | Mid Cap 15x | PairCorr |
| 0.81 | RYCEX | Europe 125x Strategy | PairCorr |
| 0.71 | RYCMX | Russell 2000 15x | PairCorr |
Moving against BASIC Mutual Fund
| 0.92 | RYAGX | Inverse Mid Cap | PairCorr |
| 0.78 | RYAFX | Inverse Russell 2000 | PairCorr |
| 0.51 | RYAQX | Inverse Government Long | PairCorr |
Sensitivity To Market
Basic Materials Fund exhibits a beta of 1.41, representing its market-relative sensitivity based on regression modeling. Beta quantifies systematic risk by measuring the slope of asset returns against benchmark returns. Overall return volatility is approximately 1.99%.Volatility metrics for Basic Materials Fund describe how stable or unstable returns have been over the selected window. Current downside deviation is about 2.61%. Portfolio turnover and allocation changes can alter fund volatility over time.
3 Months Beta |Analyze Basic Materials Demand TrendCheck current 90 days BASIC MATERIALS correlation with market (Dow Jones Industrial)Downside Risk
For BASIC, standard deviation measures the dispersion of daily prices from the mean over a chosen time horizon. Volatile instruments show high standard deviation; stable instruments show low. Standard deviation for BASIC provides a measure of daily price dispersion around the mean. Standard deviation for BASIC allows comparison of risk levels across different time horizons.
Standard Deviation | 1.99 |
Distinguishing between standard deviation and downside deviation sharpens the risk picture for BASIC MATERIALS. Upside risk is measured by BASIC MATERIALS's standard deviation, while downside risk is captured by downside deviation of BASIC MATERIALS's returns. Standard deviation and downside deviation for BASIC MATERIALS measure different things — total dispersion vs. loss-only dispersion. Semi-deviation and downside deviation focus on the loss risk embedded in BASIC MATERIALS's returns. Basic Materials Fund posted a Downside Deviation of 2.61, a Downside Variance of 6.81, and a Maximum Drawdown of 8.25 for the reported period.
Mutual Fund Volatility Analysis
For investors tracking BASIC MATERIALS, understanding volatility is essential to managing portfolio risk. It indicates how dramatically BASIC MATERIALS's price swings over a specific time horizon. For traders and investors in BASIC MATERIALS, volatility is both a risk factor and a source of opportunity. Sharp price movements in BASIC MATERIALS's can be triggered by earnings surprises, macroeconomic data, or sector trends.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. Basic Materials Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Projected Return Density Against Market
Assuming a 90-day horizon BASIC MATERIALS has a beta of 1.4119 indicating as the benchmark fluctuates upward, the fund is expected to outperform it on average. However, if the benchmark returns are projected to be negative, BASIC MATERIALS will likely underperform.Investors in BASIC MATERIALS face systematic risk from overall mutual fund market trends and unsystematic risk from company or sector-specific developments. Diversification reduces specific exposure, but macro-driven volatility persists. Beta remains a common sensitivity metric. Basic Materials Fund posted a Downside Deviation of 2.61, a Mean Deviation of 1.46, and a Semi Deviation of 2.41 for the reported period.
Predicted Return Distribution |
| Density |
What Drives BASIC MATERIALS's Price Volatility?
Industry Dynamics
BASIC MATERIALS's volatility can rise when competitive dynamics or demand conditions shift across the Rydex Funds sector.Political and Economic Environment
Changes in fiscal policy, rates, and growth expectations affect market-wide risk premiums and spill into BASIC MATERIALS's trading.BASIC MATERIALS's Company-Specific Factors
Event risk around earnings, forecasts, and operating performance can create abrupt price dispersion in BASIC MATERIALS.Mutual Fund Risk Measures
Assuming a 90-day horizon the coefficient of variation of BASIC MATERIALS is 2471.63. The daily returns are distributed with a variance of 3.97 and standard deviation of 1.99. The mean deviation of Basic Materials Fund is currently at 1.54. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.82
α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | 1.41 | |
σ | Overall volatility | 1.99 | |
Ir | Information ratio | 0.09 |
Mutual Fund Return Volatility
BASIC MATERIALS return volatility captures the typical daily swing in fund returns relative to the mean over the selected period. The fund has volatility of 1.9929% on return distribution over a 90-day investment horizon. Meanwhile, Dow Jones Industrial has volatility of 0.8467% on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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
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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 | |||
| BGRWX | 0.64 | -0.10 | 0.00 | -0.18 | 0.00 | 0.86 | 3.44 | |||
| JMCRX | 0.87 | 0.12 | 0.10 | 0.05 | 1.02 | 2.16 | 5.33 | |||
| ICHKX | 0.68 | 0.01 | 0.00 | -0.03 | 0.00 | 1.27 | 5.01 | |||
| EMSLX | 0.96 | 0.14 | 0.12 | 0.50 | 1.40 | 2.05 | 6.33 | |||
| LVAMX | 0.51 | 0.06 | 0.12 | 0.04 | 0.64 | 0.99 | 3.62 | |||
| NOM | 1.14 | -0.08 | 0.00 | -1.59 | 0.00 | 2.65 | 7.05 | |||
| FSEBX | 0.69 | 0.02 | 0.00 | -0.03 | 0.00 | 1.17 | 4.30 | |||
| RYHHX | 0.20 | -0.03 | 0.00 | -0.19 | 0.00 | 0.41 | 1.72 | |||
| ZSCCX | 0.96 | -0.02 | 0.04 | 0.02 | 1.21 | 1.97 | 5.31 |
Risk Metrics, Assumptions & Methodology
NAV dispersion for BASIC MATERIALS measures the spread of periodic returns around the mean, reflecting exposure variability. Higher dispersion implies a wider range of plausible outcomes for any given holding period.
Data shown for Basic Materials Fund is aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Source publication timing can introduce delays. Volatility and downside metrics are estimated from historical return dispersion.
This content is curated and reviewed by:
Rifka Kats - Member of Macroaxis Editorial BoardBASIC MATERIALS Investment Opportunity
Basic Materials Fund is about 2.34 times more volatile than Dow Jones Industrial based on recent return behavior. The higher-risk profile should usually be reviewed beside Sharpe Ratio, downside risk, and catalyst strength before the position is sized up.You can use Basic Materials Fund to enhance the returns of the portfolio. This directional read frames the latest price swing through a simple momentum and follow-through lens. It is most useful when combined with broader risk controls and position-sizing discipline. an unexpected upward trend. Watch out for market signals. Check odds of BASIC MATERIALS to be traded at $79.66 in 90 days.Weak diversification
For the present investment horizon, the measured correlation between BASIC MATERIALS and Dow Jones stands at 0.5, or Weak diversification. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.
BASIC MATERIALS Additional Risk Indicators
Risk analysis around Basic Materials Fund becomes more useful when investors review secondary indicators that can confirm, refine, or challenge the basic volatility picture. The stronger process compares similar securities with comparable growth and valuation context before ranking one as more or less risky.
| Risk Adjusted Performance | 0.061 | |||
| Market Risk Adjusted Performance | 0.0947 | |||
| Mean Deviation | 1.46 | |||
| Semi Deviation | 2.41 | |||
| Downside Deviation | 2.61 | |||
| Coefficient Of Variation | 1489.8 | |||
| Standard Deviation | 1.93 |
BASIC MATERIALS Suggested Diversification Pairs
Pair analysis around Basic Materials Fund matters because it can turn one security idea into a more market-neutral structure. A disciplined pair strategy still requires monitoring because correlation can weaken when market regimes change.
While pairing positions reduces portfolio risk, some forms of risk persist no matter which instruments are combined. No matter how well a pair is constructed around BASIC MATERIALS, market-wide risk remains. What pair trading can address is BASIC MATERIALS's unsystematic risk - the portion driven by company or sector-specific factors rather than broad market forces.