Electronics Fund Correlations

RYELX Fund

USD 433.32 3.53 0.82%

The current 90-days correlation between Electronics Fund Class and Yuanbao American Depositary is -0.13 (i.e., Good diversification). The correlation of Electronics 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.

Electronics Fund Correlation With Market

Good diversification

The correlation between Electronics Fund Class and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electronics 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 Electronics 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 bureau of economic analysis.

Moving together with Electronics Mutual Fund

0.66	VVPR	VivoPower International Tech Boost	Pair Corr
0.96	DBD	Diebold Nixdorf,	Pair Corr
0.62	GENVR	Gen Digital Contingent	Pair Corr
0.64	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.77	BULLW	Webull Warrants Trending	Pair Corr
0.62	JNPR	Juniper Networks	Pair Corr
0.73	MIND	Mind Technology	Pair Corr
0.93	HPE-PC	Hewlett Packard Ente	Pair Corr
0.65	DAICW	CID HoldCo, Warrants	Pair Corr
0.9	CORZZ	Core Scientific, Tranche	Pair Corr
0.71	RZLVW	Rezolve AI Limited	Pair Corr
0.85	SATX	SatixFy Communications	Pair Corr
0.92	STRF	MicroStrategy Incorporated	Pair Corr
0.96	RYBCX	Basic Materials	Pair Corr
0.96	RYBAX	Basic Materials	Pair Corr
0.96	RYBKX	Banking Fund Class	Pair Corr

Moving against Electronics Mutual Fund

0.87	VSTE	Vast Renewables	Pair Corr
0.84	HPAIW	Helport AI Limited	Pair Corr
0.83	VISL	Vislink Technologies	Pair Corr
0.67	APCXW	AppTech Payments Corp	Pair Corr
0.59	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.41	DVLT	Datavault AI Symbol Change	Pair Corr
0.38	VBIX	Viewbix Common Stock	Pair Corr
0.35	BULLZ	Webull Incentive	Pair Corr
0.91	SMTK	SmartKem, Common Stock	Pair Corr
0.85	NOVA	Sunnova Energy Inter	Pair Corr
0.74	APCX	Apptech Corp	Pair Corr
0.53	ODYS	Odysightai Common Stock	Pair Corr
0.51	AXIL	AXIL Brands, Trending	Pair Corr
0.4	SLNHP	Soluna Holdings Preferred	Pair Corr
0.98	RYAFX	Inverse Russell 2000	Pair Corr
0.97	RYACX	Inverse Nasdaq 100	Pair Corr

Related Correlations Analysis

	YB	VBIX	DVLT	VVPR	EXOD	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX
YB		-0.17	-0.54	-0.19	-0.04	0.2	0.2	0.1	0.2	-0.11	YB
VBIX	-0.17		0.32	0.08	0.27	-0.33	-0.33	-0.38	-0.33	-0.27	VBIX
DVLT	-0.54	0.32		0.0	0.03	-0.4	-0.4	-0.35	-0.4	-0.21	DVLT
VVPR	-0.19	0.08	0.0		-0.44	0.69	0.69	0.64	0.69	0.75	VVPR
EXOD	-0.04	0.27	0.03	-0.44		-0.61	-0.61	-0.48	-0.61	-0.53	EXOD
RYBCX	0.2	-0.33	-0.4	0.69	-0.61		1.0	0.93	1.0	0.88	RYBCX
RYBAX	0.2	-0.33	-0.4	0.69	-0.61	1.0		0.93	1.0	0.88	RYBAX
RYBKX	0.1	-0.38	-0.35	0.64	-0.48	0.93	0.93		0.93	0.93	RYBKX
RYBMX	0.2	-0.33	-0.4	0.69	-0.61	1.0	1.0	0.93		0.88	RYBMX
RYBHX	-0.11	-0.27	-0.21	0.75	-0.53	0.88	0.88	0.93	0.88		RYBHX
	YB	VBIX	DVLT	VVPR	EXOD	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX

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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

RYBAX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBAX
RYBKX	+ 0.93	RYBCX
RYBKX	+ 0.93	RYBAX
RYBMX	+ 0.93	RYBKX

High negative correlations

RYBMX	- 0.61	EXOD
RYBAX	- 0.61	EXOD
RYBCX	- 0.61	EXOD
DVLT	- 0.54	YB
RYBHX	- 0.53	EXOD
RYBKX	- 0.48	EXOD

Risk-Adjusted Indicators

There is a big difference between Electronics Mutual Fund performing well and Electronics 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 Electronics 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
YB	3.76	1.07	0.27	4.66	3.01	(4.85)	14.01	(6.02)	27.13
VBIX	7.96	(0.07)	0.00	0.09	12.24	(8.38)	14.34	(20.18)	88.20
DVLT	5.15	(0.01)	0.00	0.12	5.83	(6.44)	12.33	(9.89)	33.36
VVPR	7.94	1.85	0.18	(19.07)	8.43	(9.98)	22.54	(11.48)	62.08
EXOD	6.56	0.03	0.00	0.18	8.48	(6.66)	16.85	(10.55)	43.33
RYBCX	0.70	0.18	0.06	(5.68)	0.52	(0.74)	1.63	(1.08)	3.95
RYBAX	0.70	0.19	0.06	(6.02)	0.52	(0.72)	1.64	(1.07)	3.92
RYBKX	0.96	0.40	0.22	(2.36)	0.70	(1.10)	2.14	(1.22)	6.95
RYBMX	0.70	0.19	0.06	(5.97)	0.52	(0.74)	1.63	(1.08)	3.93
RYBHX	0.82	0.11	0.10	0.23	0.72	(0.94)	2.08	(1.55)	5.80

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