Nasdaq-100(r) Correlations

RYCCX Fund

USD 485.39 8.41 1.70%

The current 90-days correlation between Nasdaq 100 2x and Basic Materials Fund is 0.5 (i.e., Very weak diversification). The correlation of Nasdaq-100(r) 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(r) Correlation With Market

Poor diversification

The correlation between Nasdaq 100 2x Strategy and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 2x 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 Nasdaq 100 2x 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 private.

Moving together with Nasdaq-100(r) Mutual Fund

0.72	RYBHX	Sp Midcap 400	Pair Corr
0.86	RYBOX	Biotechnology Fund Class	Pair Corr
0.76	RYABX	Government Long Bond	Pair Corr
0.79	RYAKX	Russell 2000 15x	Pair Corr
0.78	RYAEX	Europe 125x Strategy	Pair Corr
0.77	RYAUX	Utilities Fund Class	Pair Corr
1.0	RYATX	Nasdaq 100 Fund	Pair Corr
0.99	RYANX	Nova Fund Class	Pair Corr
0.93	RYDHX	Dow Jones Industrial	Pair Corr
0.93	RYDKX	Dow Jones Industrial	Pair Corr
0.86	RYCFX	Biotechnology Fund Class	Pair Corr
0.78	RYCEX	Europe 125x Strategy	Pair Corr
0.97	RYCHX	Technology Fund Class	Pair Corr
0.76	RYCGX	Government Long Bond	Pair Corr
0.86	RYCNX	Transportation Fund Class	Pair Corr
0.78	RYCMX	Russell 2000 15x	Pair Corr

Moving against Nasdaq-100(r) Mutual Fund

1.0	RYACX	Inverse Nasdaq 100	Pair Corr
1.0	RYAIX	Inverse Nasdaq 100	Pair Corr
1.0	RYALX	Inverse Nasdaq 100	Pair Corr
1.0	RYAPX	Inverse Nasdaq 100	Pair Corr
0.98	RYARX	Inverse Sp 500	Pair Corr
0.78	RYAFX	Inverse Russell 2000	Pair Corr
0.71	RYAQX	Inverse Government Long	Pair Corr
1.0	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.98	RYCBX	Inverse Sp 500 Steady Growth	Pair Corr
0.92	RYCWX	Inverse Dow 2x	Pair Corr
0.92	RYCZX	Inverse Dow 2x	Pair Corr
0.86	RYCAX	Consumer Products	Pair Corr
0.86	RYCPX	Consumer Products	Pair Corr
0.85	RYCIX	Consumer Products	Pair Corr
0.77	RYCQX	Inverse Russell 2000	Pair Corr
0.48	RYFNX	Financial Services	Pair Corr

Related Correlations Analysis

	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX
RYBCX		1.0	0.14	1.0	0.46	1.0	0.43	0.67	-0.47	-0.47	RYBCX
RYBAX	1.0		0.14	1.0	0.47	1.0	0.44	0.68	-0.49	-0.48	RYBAX
RYBKX	0.14	0.14		0.14	0.45	0.14	-0.19	-0.16	0.06	0.06	RYBKX
RYBMX	1.0	1.0	0.14		0.47	1.0	0.44	0.68	-0.49	-0.48	RYBMX
RYBHX	0.46	0.47	0.45	0.47		0.47	0.6	0.56	-0.71	-0.72	RYBHX
RYBIX	1.0	1.0	0.14	1.0	0.47		0.45	0.68	-0.49	-0.49	RYBIX
RYBOX	0.43	0.44	-0.19	0.44	0.6	0.45		0.73	-0.87	-0.87	RYBOX
RYABX	0.67	0.68	-0.16	0.68	0.56	0.68	0.73		-0.77	-0.77	RYABX
RYACX	-0.47	-0.49	0.06	-0.49	-0.71	-0.49	-0.87	-0.77		1.0	RYACX
RYAIX	-0.47	-0.48	0.06	-0.48	-0.72	-0.49	-0.87	-0.77	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
RYBMX	+ 1.0	RYBCX
RYBIX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBAX
RYBIX	+ 1.0	RYBAX
RYBIX	+ 1.0	RYBMX

High negative correlations

RYAIX	- 0.87	RYBOX
RYACX	- 0.87	RYBOX
RYAIX	- 0.77	RYABX
RYACX	- 0.77	RYABX
RYAIX	- 0.72	RYBHX
RYACX	- 0.71	RYBHX

Risk-Adjusted Indicators

There is a big difference between Nasdaq-100(r) Mutual Fund performing well and Nasdaq-100(r) 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(r)'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	0.88	0.01	0.00	0.07	1.02	(0.93)	1.84	(1.95)	5.70
RYBAX	0.88	0.01	0.00	0.08	1.02	(0.91)	1.83	(1.94)	5.72
RYBKX	0.75	(0.06)	(0.04)	0.02	1.08	(0.89)	1.93	(1.34)	7.67
RYBMX	0.88	0.01	0.00	0.08	1.02	(0.91)	1.83	(1.94)	5.69
RYBHX	0.72	(0.05)	(0.05)	0.02	0.83	(0.82)	1.69	(1.10)	4.85
RYBIX	0.88	0.01	0.00	0.08	1.02	(0.91)	1.83	(1.94)	5.70
RYBOX	0.84	0.19	0.19	0.30	0.67	(0.96)	2.20	(1.46)	4.40
RYABX	0.56	0.04	(0.04)	1.88	0.55	(0.67)	1.28	(0.97)	3.17
RYACX	0.73	0.01	0.00	0.06	0.00	0.00	1.93	(1.48)	5.73
RYAIX	0.73	0.01	0.00	0.06	0.00	0.00	1.93	(1.47)	5.74

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