Inverse Nasdaq Correlations

RYAIX Fund

USD 127.52 0.72 0.56%

The current 90-days correlation between Inverse Nasdaq 100 and World Energy Fund is -0.32 (i.e., Very good diversification). The correlation of Inverse Nasdaq 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.

Inverse Nasdaq Correlation With Market

Excellent diversification

The correlation between Inverse Nasdaq 100 Strategy and DJI is -0.69 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Nasdaq 100 Strategy 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 Inverse Nasdaq 100 Strategy. 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 Inverse Mutual Fund

1.0	RYACX	Inverse Nasdaq 100	Pair Corr
0.79	RYALX	Inverse Nasdaq 100	Pair Corr
0.88	RYAFX	Inverse Russell 2000	Pair Corr
0.99	RYARX	Inverse Sp 500	Pair Corr
1.0	RYAPX	Inverse Nasdaq 100	Pair Corr
0.99	RYCBX	Inverse Sp 500	Pair Corr
0.64	RYCWX	Inverse Dow 2x	Pair Corr

Moving against Inverse Mutual Fund

1.0	RYATX	Nasdaq 100 Fund	Pair Corr
0.94	RYAWX	Sp 500 Pure	Pair Corr
0.9	RYAKX	Russell 2000 15x	Pair Corr
0.89	RYBKX	Banking Fund Class	Pair Corr
0.89	RYAHX	Mid Cap 15x	Pair Corr
0.89	RYDCX	Mid Cap 15x	Pair Corr
0.88	RYBHX	Sp Midcap 400	Pair Corr
0.87	RYAZX	Sp Smallcap 600	Pair Corr
0.86	RYBOX	Biotechnology Fund Class	Pair Corr
0.84	RYBCX	Basic Materials	Pair Corr
0.84	RYBAX	Basic Materials	Pair Corr
0.84	RYBMX	Basic Materials	Pair Corr
0.84	RYBIX	Basic Materials	Pair Corr
0.83	RYAUX	Utilities Fund Class	Pair Corr
0.73	RYAVX	Sp Midcap 400	Pair Corr
0.7	RYANX	Nova Fund Class	Pair Corr
0.63	RYDHX	Dow Jones Industrial	Pair Corr
0.63	RYDKX	Dow Jones Industrial	Pair Corr
0.58	RYCFX	Biotechnology Fund Class	Pair Corr
0.32	RYABX	Government Long Bond	Pair Corr
1.0	RYCCX	Nasdaq 100 2x	Pair Corr
1.0	RYCOX	Nasdaq 100 Fund	Pair Corr
0.97	RYELX	Electronics Fund Class	Pair Corr
0.92	RYCSX	Telecommunications Steady Growth	Pair Corr
0.91	RYCVX	Dow 2x Strategy	Pair Corr
0.91	RYCYX	Dow 2x Strategy	Pair Corr
0.91	RYFIX	Financial Services	Pair Corr
0.9	RYCMX	Russell 2000 15x	Pair Corr
0.9	RYFNX	Financial Services	Pair Corr

Related Correlations Analysis

	AIWEX	PSPFX	IGNAX	DNLAX	FIKAX	VENAX	PNRCX
AIWEX		0.54	0.71	0.84	0.89	0.89	0.8	AIWEX
PSPFX	0.54		0.94	0.61	0.64	0.59	0.85	PSPFX
IGNAX	0.71	0.94		0.78	0.8	0.77	0.94	IGNAX
DNLAX	0.84	0.61	0.78		0.89	0.92	0.83	DNLAX
FIKAX	0.89	0.64	0.8	0.89		0.99	0.86	FIKAX
VENAX	0.89	0.59	0.77	0.92	0.99		0.82	VENAX
PNRCX	0.8	0.85	0.94	0.83	0.86	0.82		PNRCX
	AIWEX	PSPFX	IGNAX	DNLAX	FIKAX	VENAX	PNRCX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Nasdaq 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 Inverse Nasdaq'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
AIWEX	0.79	0.09	0.02	0.30	0.95	(0.83)	1.91	(1.35)	4.76
PSPFX	0.70	0.23	0.18	1.09	0.34	(0.94)	1.78	(0.94)	4.02
IGNAX	0.69	0.13	0.11	0.35	0.42	(0.80)	1.87	(1.09)	3.34
DNLAX	0.77	0.08	0.05	0.25	0.67	(0.88)	1.50	(1.26)	4.20
FIKAX	0.87	0.15	0.07	0.72	0.78	(1.06)	1.84	(1.33)	4.13
VENAX	0.89	0.14	0.05	0.63	0.86	(1.01)	1.79	(1.54)	4.55
PNRCX	0.62	0.10	0.05	0.38	0.43	(0.74)	1.45	(1.00)	4.02

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