Nasdaq-100 Fund Correlations

RYATX Fund

USD 87.49 0.09 0.10%

The current 90-days correlation between Nasdaq 100 Fund and Guggenheim Managed Futures is 0.73 (i.e., Poor diversification). The correlation of Nasdaq-100 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.

Nasdaq-100 Fund Correlation With Market

Significant diversification

The correlation between Nasdaq 100 Fund Class and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 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 Nasdaq 100 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 manufacturing.

Moving together with Nasdaq-100 Mutual Fund

0.63	RYAKX	Russell 2000 15x	Pair Corr
0.76	RYAEX	Europe 125x Strategy	Pair Corr
0.61	RYAUX	Utilities Fund Class	Pair Corr
0.98	RYANX	Nova Fund Class	Pair Corr
0.84	RYDHX	Dow Jones Industrial	Pair Corr
0.84	RYDKX	Dow Jones Industrial	Pair Corr
0.68	RYCEX	Europe 125x Strategy	Pair Corr
0.92	RYCHX	Technology Fund Class	Pair Corr
0.89	RYCCX	Nasdaq 100 2x	Pair Corr
0.76	RYCNX	Transportation Fund Class	Pair Corr

Moving against Nasdaq-100 Mutual Fund

1.0	RYACX	Inverse Nasdaq 100	Pair Corr
1.0	RYAIX	Inverse Nasdaq 100	Pair Corr
1.0	RYAPX	Inverse Nasdaq 100	Pair Corr
0.97	RYARX	Inverse Sp 500	Pair Corr
0.9	RYALX	Inverse Nasdaq 100	Pair Corr
0.65	RYAFX	Inverse Russell 2000	Pair Corr
0.33	RYAQX	Inverse Government Long	Pair Corr
0.32	RYAVX	Sp Midcap 400	Pair Corr
0.98	RYCBX	Inverse Sp 500	Pair Corr
0.91	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.83	RYCZX	Inverse Dow 2x	Pair Corr
0.82	RYCWX	Inverse Dow 2x	Pair Corr
0.68	RYCIX	Consumer Products	Pair Corr
0.63	RYCAX	Consumer Products	Pair Corr
0.63	RYCPX	Consumer Products	Pair Corr
0.53	RYCRX	Real Estate Fund Potential Growth	Pair Corr

Related Correlations Analysis

	RYIFX	SLFYX	GFIRX	AUNCX	FIFGX	EVOIX	AUNYX	GPMFX
RYIFX		0.58	0.87	0.68	0.38	0.92	0.74	0.84	RYIFX
SLFYX	0.58		0.77	0.42	0.69	0.65	0.53	0.43	SLFYX
GFIRX	0.87	0.77		0.72	0.63	0.81	0.8	0.69	GFIRX
AUNCX	0.68	0.42	0.72		0.42	0.61	0.98	0.6	AUNCX
FIFGX	0.38	0.69	0.63	0.42		0.24	0.45	0.2	FIFGX
EVOIX	0.92	0.65	0.81	0.61	0.24		0.69	0.81	EVOIX
AUNYX	0.74	0.53	0.8	0.98	0.45	0.69		0.63	AUNYX
GPMFX	0.84	0.43	0.69	0.6	0.2	0.81	0.63		GPMFX
	RYIFX	SLFYX	GFIRX	AUNCX	FIFGX	EVOIX	AUNYX	GPMFX

Risk-Adjusted Indicators

There is a big difference between Nasdaq-100 Mutual Fund performing well and Nasdaq-100 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 Nasdaq-100 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
RYIFX	0.57	0.08	0.02	1.93	0.67	(0.61)	1.23	(1.21)	4.42
SLFYX	0.19	0.02	(0.17)	0.57	0.08	(0.25)	0.37	(0.36)	0.98
GFIRX	0.35	0.08	0.02	(16.16)	0.35	(0.41)	0.89	(0.57)	2.43
AUNCX	0.08	0.01	(0.50)	3.13	0.00	(0.16)	0.28	(0.09)	0.56
FIFGX	0.74	0.04	(0.01)	0.23	0.88	(0.74)	1.33	(1.35)	3.63
EVOIX	0.48	0.08	0.03	0.99	0.54	(0.54)	1.07	(1.05)	3.60
AUNYX	0.09	0.01	(0.47)	1.20	0.00	(0.16)	0.28	(0.09)	0.56
GPMFX	0.61	0.02	0.00	0.10	0.78	(0.63)	1.30	(1.42)	3.61

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