Nasdaq-100 Fund Correlations

RYCOX Fund

USD 66.92 1.31 1.92%

The current 90-days correlation between Nasdaq 100 Fund and Optimum Large Cap is 0.61 (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 0.02 (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 metropolitan statistical area.

Moving together with Nasdaq-100 Mutual Fund

0.72	RYBHX	Sp Midcap 400	Pair Corr
0.8	RYATX	Nasdaq 100 Fund	Pair Corr
0.75	RYANX	Nova Fund Class	Pair Corr
0.67	RYDHX	Dow Jones Industrial	Pair Corr
0.67	RYDKX	Dow Jones Industrial	Pair Corr
0.73	RYCHX	Technology Fund Class	Pair Corr
0.82	RYCCX	Nasdaq 100 2x	Pair Corr

Moving against Nasdaq-100 Mutual Fund

1.0	RYAPX	Inverse Nasdaq 100	Pair Corr
0.83	RYACX	Inverse Nasdaq 100	Pair Corr
0.82	RYALX	Inverse Nasdaq 100	Pair Corr
0.72	RYAIX	Inverse Nasdaq 100	Pair Corr
0.68	RYARX	Inverse Sp 500	Pair Corr
0.49	RYAFX	Inverse Russell 2000	Pair Corr
0.99	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.8	RYCBX	Inverse Sp 500	Pair Corr
0.75	RYCZX	Inverse Dow 2x	Pair Corr
0.47	RYCQX	Inverse Russell 2000	Pair Corr
0.39	RYCAX	Consumer Products	Pair Corr

Related Correlations Analysis

	OILGX	FCVSX	EAPCX	ACINX	HSVRX	PRASX	AUEIX	CHTTX	NOMIX	SSDQX
OILGX		0.29	-0.07	0.08	0.06	0.39	-0.04	-0.41	-0.17	0.13	OILGX
FCVSX	0.29		0.17	0.32	0.54	0.53	0.15	0.15	0.53	0.59	FCVSX
EAPCX	-0.07	0.17		-0.56	0.38	0.18	-0.43	0.4	0.24	0.65	EAPCX
ACINX	0.08	0.32	-0.56		0.1	0.38	0.7	0.19	0.3	0.16	ACINX
HSVRX	0.06	0.54	0.38	0.1		0.03	0.01	0.67	0.9	0.55	HSVRX
PRASX	0.39	0.53	0.18	0.38	0.03		0.07	-0.12	-0.02	0.67	PRASX
AUEIX	-0.04	0.15	-0.43	0.7	0.01	0.07		0.22	0.23	0.06	AUEIX
CHTTX	-0.41	0.15	0.4	0.19	0.67	-0.12	0.22		0.77	0.54	CHTTX
NOMIX	-0.17	0.53	0.24	0.3	0.9	-0.02	0.23	0.77		0.5	NOMIX
SSDQX	0.13	0.59	0.65	0.16	0.55	0.67	0.06	0.54	0.5		SSDQX
	OILGX	FCVSX	EAPCX	ACINX	HSVRX	PRASX	AUEIX	CHTTX	NOMIX	SSDQX

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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

NOMIX	+ 0.9	HSVRX
NOMIX	+ 0.77	CHTTX
AUEIX	+ 0.7	ACINX
CHTTX	+ 0.67	HSVRX
SSDQX	+ 0.67	PRASX
SSDQX	+ 0.65	EAPCX

High negative correlations

ACINX	- 0.56	EAPCX
AUEIX	- 0.43	EAPCX
CHTTX	- 0.41	OILGX
NOMIX	- 0.17	OILGX
CHTTX	- 0.12	PRASX
EAPCX	- 0.07	OILGX

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
OILGX	1.00	(0.14)	0.00	0.50	0.00	0.00	1.79	(2.26)	14.72
FCVSX	0.76	0.05	(0.02)	3.19	1.08	(0.75)	1.27	(1.99)	4.88
EAPCX	0.59	0.08	0.04	0.36	0.55	(0.70)	1.45	(1.00)	2.91
ACINX	0.68	(0.13)	0.00	(0.08)	0.00	0.00	1.02	(1.50)	3.66
HSVRX	0.84	(0.03)	(0.02)	0.04	1.13	(0.87)	2.08	(1.66)	5.53
PRASX	0.79	(0.05)	(0.06)	0.01	1.03	(0.85)	1.41	(1.54)	5.14
AUEIX	0.36	(0.04)	0.00	(0.03)	0.00	0.00	0.82	(0.91)	2.40
CHTTX	0.67	(0.01)	(0.02)	0.06	0.71	(0.71)	1.94	(1.25)	3.91
NOMIX	0.76	(0.04)	(0.03)	0.03	1.00	(0.76)	1.81	(1.60)	4.17
SSDQX	0.47	(0.02)	(0.04)	0.04	0.68	(0.49)	1.01	(1.01)	2.78

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