Inverse Nasdaq-100 Correlations

RYAPX Fund

USD 112.67 0.45 0.40%

The current 90-days correlation between Inverse Nasdaq 100 and Basic Materials Fund is 0.21 (i.e., Modest diversification). The correlation of Inverse Nasdaq-100 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-100 Correlation With Market

Good diversification

The correlation between Inverse Nasdaq 100 Strategy 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 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 metropolitan statistical area.

Moving together with Inverse Mutual Fund

1.0	RYACX	Inverse Nasdaq 100	Pair Corr
1.0	RYAIX	Inverse Nasdaq 100	Pair Corr
0.9	RYALX	Inverse Nasdaq 100	Pair Corr
0.67	RYAFX	Inverse Russell 2000	Pair Corr
0.97	RYARX	Inverse Sp 500	Pair Corr
0.98	RYCBX	Inverse Sp 500	Pair Corr
0.61	RYCAX	Consumer Products	Pair Corr
0.9	RYCDX	Rydex Inverse Nasdaq	Pair Corr

Moving against Inverse Mutual Fund

0.76	RYAEX	Europe 125x Strategy	Pair Corr
0.65	RYAKX	Russell 2000 15x	Pair Corr
0.58	RYBOX	Biotechnology Fund Class	Pair Corr
0.47	RYABX	Government Long Bond	Pair Corr
0.42	RYBHX	Sp Midcap 400	Pair Corr
1.0	RYATX	Nasdaq 100 Fund	Pair Corr
0.98	RYANX	Nova Fund Class	Pair Corr
0.83	RYDHX	Dow Jones Industrial	Pair Corr
0.83	RYDKX	Dow Jones Industrial	Pair Corr
0.68	RYCEX	Europe 125x Strategy	Pair Corr
0.6	RYAUX	Utilities Fund Class	Pair Corr
0.56	RYCFX	Biotechnology Fund Class	Pair Corr
0.39	RYEAX	Energy Fund Class	Pair Corr
0.38	RYECX	Energy Fund Class	Pair Corr
0.93	RYCHX	Technology Fund Class	Pair Corr
0.91	RYCVX	Dow 2x Strategy	Pair Corr
0.9	RYCOX	Nasdaq 100 Fund	Pair Corr
0.89	RYCCX	Nasdaq 100 2x	Pair Corr
0.82	RYCYX	Dow 2x Strategy	Pair Corr
0.78	RYCNX	Transportation Fund Class	Pair Corr
0.61	RYCKX	Sp Midcap 400	Pair Corr
0.46	RYCGX	Government Long Bond	Pair Corr

Related Correlations Analysis

	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX
RYBCX		1.0	0.3	0.84	0.46	1.0	0.17	0.18	-0.11	-0.1	RYBCX
RYBAX	1.0		0.3	0.84	0.47	1.0	0.19	0.18	-0.12	-0.12	RYBAX
RYBKX	0.3	0.3		0.28	0.49	0.3	-0.03	-0.51	-0.01	0.0	RYBKX
RYBMX	0.84	0.84	0.28		0.29	0.84	0.19	0.23	-0.29	-0.28	RYBMX
RYBHX	0.46	0.47	0.49	0.29		0.47	0.37	0.19	-0.42	-0.42	RYBHX
RYBIX	1.0	1.0	0.3	0.84	0.47		0.2	0.19	-0.13	-0.12	RYBIX
RYBOX	0.17	0.19	-0.03	0.19	0.37	0.2		0.27	-0.59	-0.57	RYBOX
RYABX	0.18	0.18	-0.51	0.23	0.19	0.19	0.27		-0.47	-0.47	RYABX
RYACX	-0.11	-0.12	-0.01	-0.29	-0.42	-0.13	-0.59	-0.47		1.0	RYACX
RYAIX	-0.1	-0.12	0.0	-0.28	-0.42	-0.12	-0.57	-0.47	1.0		RYAIX
	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX

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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
RYBIX	+ 1.0	RYBCX
RYBIX	+ 1.0	RYBAX
RYAIX	+ 1.0	RYACX
RYBMX	+ 0.84	RYBCX
RYBMX	+ 0.84	RYBAX

High negative correlations

RYACX	- 0.59	RYBOX
RYAIX	- 0.57	RYBOX
RYABX	- 0.51	RYBKX
RYAIX	- 0.47	RYABX
RYACX	- 0.47	RYABX
RYAIX	- 0.42	RYBHX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Nasdaq-100 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-100'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
RYBCX	1.02	0.03	0.02	0.09	1.22	(1.07)	2.07	(2.00)	5.70
RYBAX	1.02	0.03	0.03	0.10	1.21	(1.04)	2.06	(2.01)	5.72
RYBKX	0.80	0.06	0.00	0.71	1.21	(0.85)	1.97	(1.60)	6.50
RYBMX	1.01	0.09	0.03	0.36	1.20	(1.02)	2.07	(2.00)	5.69
RYBHX	0.78	(0.03)	(0.02)	0.04	0.90	(0.86)	1.85	(1.37)	4.56
RYBIX	1.02	0.03	0.03	0.10	1.21	(1.04)	2.08	(2.00)	5.70
RYBOX	0.88	0.28	0.20	(3.34)	0.70	(0.99)	2.11	(1.46)	5.04
RYABX	0.53	0.03	(0.04)	0.18	0.58	(0.58)	1.10	(1.23)	3.27
RYACX	0.76	(0.13)	0.00	3.39	0.00	0.00	2.07	(1.80)	6.15
RYAIX	0.77	(0.12)	0.00	2.99	0.00	0.00	2.06	(1.79)	6.15

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