Inverse Government Correlations
| RYAQX Fund | USD 186.69 2.70 1.43% |
The current 90-days correlation between Inverse Government Long and Jhancock Global Equity is -0.27 (i.e., Very good diversification). The correlation of Inverse Government 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 Government Correlation With Market
Good diversification
The correlation between Inverse Government Long and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Government Long and DJI in the same portfolio, assuming nothing else is changed.
Inverse |
Moving against Inverse Mutual Fund
| 0.96 | RYABX | Government Long Bond | PairCorr |
| 0.31 | RYAGX | Inverse Mid Cap | PairCorr |
| 0.97 | RYCGX | Government Long Bond | PairCorr |
| 0.86 | RYGBX | Government Long Bond | PairCorr |
| 0.31 | RYCQX | Inverse Russell 2000 | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Inverse Mutual Fund performing well and Inverse Government 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 Government'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JGECX | 0.45 | 0.01 | (0.03) | 0.10 | 0.43 | 1.10 | 2.45 | |||
| ANAGX | 0.14 | 0.01 | (0.37) | 0.27 | 0.00 | 0.29 | 0.72 | |||
| ARTRX | 0.54 | 0.02 | 0.00 | 0.12 | 0.44 | 1.32 | 3.38 | |||
| DBIWX | 0.23 | 0.02 | (0.14) | 0.17 | 0.00 | 0.56 | 1.28 | |||
| LFLCX | 0.20 | 0.03 | (0.21) | 0.39 | 0.00 | 0.43 | 0.87 | |||
| ANAZX | 0.14 | 0.01 | (0.35) | 0.25 | 0.00 | 0.29 | 0.72 | |||
| GMADX | 0.50 | 0.05 | 0.06 | 0.16 | 0.39 | 1.30 | 2.68 |