Transportation Fund Correlations

RYPIX Fund

USD 63.63 0.84 1.30%

The current 90-days correlation between Transportation Fund and Health Care Fund is 0.52 (i.e., Very weak diversification). The correlation of Transportation 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.

Transportation Fund Correlation With Market

Poor diversification

The correlation between Transportation Fund Investor and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transportation Fund Investor 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 Transportation Fund Investor. 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 gross domestic product.

Moving together with Transportation Mutual Fund

0.68	B	Barnes Group	Pair Corr
0.89	G	Genpact Limited	Pair Corr
0.67	J	Jacobs Solutions	Pair Corr
0.95	R	Ryder System	Pair Corr
0.93	AL	Air Lease	Pair Corr
0.88	AZ	A2Z Smart Technologies	Pair Corr
0.77	BE	Bloom Energy Corp	Pair Corr
0.88	BR	Broadridge Financial	Pair Corr
0.71	BV	BrightView Holdings	Pair Corr
0.94	CR	Crane Company	Pair Corr
0.87	CW	Curtiss Wright	Pair Corr
0.67	DE	Deere Company	Pair Corr
0.78	HI	Hillenbrand	Pair Corr
0.87	IR	Ingersoll Rand	Pair Corr
0.86	KC	Kingsoft Cloud Holdings	Pair Corr
0.86	LZ	LegalZoom	Pair Corr
0.74	NL	NL Industries	Pair Corr
0.72	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr
0.92	OC	Owens Corning	Pair Corr
0.96	PH	Parker Hannifin	Pair Corr
0.81	PL	Planet Labs PBC Earnings Call Tomorrow	Pair Corr
0.93	SQ	Block Inc	Pair Corr
0.86	TT	Trane Technologies plc	Pair Corr

Moving against Transportation Mutual Fund

0.77	CP	Canadian Pacific Railway	Pair Corr
0.64	MG	Mistras Group	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.51	HY	Hyster Yale Materials	Pair Corr
0.48	GP	GreenPower Motor	Pair Corr
0.37	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.83	CODI-PA	Compass Diversified	Pair Corr
0.79	VCIG	VCI Global Limited	Pair Corr
0.72	ST	Sensata Technologies	Pair Corr
0.7	RR	Richtech Robotics Class	Pair Corr
0.68	CODI-PB	Compass Diversified	Pair Corr
0.61	SB	Safe Bulkers	Pair Corr
0.57	DLHC	DLH Holdings Corp Earnings Call Today	Pair Corr
0.46	OP	Oceanpal	Pair Corr
0.45	CODI-PC	Compass Diversified	Pair Corr

Related Correlations Analysis

	RYHIX	RYFIX	RYTIX	RYKIX	RYRIX
RYHIX		-0.69	-0.65	-0.7	-0.41	RYHIX
RYFIX	-0.69		0.91	0.96	0.72	RYFIX
RYTIX	-0.65	0.91		0.85	0.86	RYTIX
RYKIX	-0.7	0.96	0.85		0.63	RYKIX
RYRIX	-0.41	0.72	0.86	0.63		RYRIX
	RYHIX	RYFIX	RYTIX	RYKIX	RYRIX

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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

RYKIX	+ 0.96	RYFIX
RYTIX	+ 0.91	RYFIX
RYRIX	+ 0.86	RYTIX
RYKIX	+ 0.85	RYTIX
RYRIX	+ 0.72	RYFIX
RYRIX	+ 0.63	RYKIX

High negative correlations

RYKIX	- 0.7	RYHIX
RYFIX	- 0.69	RYHIX
RYTIX	- 0.65	RYHIX
RYRIX	- 0.41	RYHIX

Risk-Adjusted Indicators

There is a big difference between Transportation Mutual Fund performing well and Transportation 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 Transportation 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
RYHIX	0.57	(0.15)	0.00	(0.14)	0.00	0.00	0.97	(1.22)	3.55
RYFIX	0.68	0.04	0.07	0.15	0.53	(0.82)	1.30	(1.08)	5.68
RYTIX	0.90	0.04	0.04	0.14	1.23	(0.87)	2.21	(2.31)	5.37
RYKIX	1.11	0.25	0.12	(1.74)	0.85	(1.45)	2.45	(1.98)	12.77
RYRIX	0.67	0.09	0.06	0.25	0.46	(0.79)	1.55	(1.13)	3.21

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