Dow 2x Correlations

RYCYX Fund

USD 147.27 1.26 0.86%

The current 90-days correlation between Dow 2x Strategy and Dow 2x Strategy is 1.0 (i.e., No risk reduction). The correlation of Dow 2x 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.

Dow 2x Correlation With Market

Good diversification

The correlation between Dow 2x Strategy and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dow 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 Dow 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 manufacturing.

Moving together with Dow Mutual Fund

0.94	RYBCX	Basic Materials	Pair Corr
0.94	RYBAX	Basic Materials	Pair Corr
0.94	RYBHX	Sp Midcap 400	Pair Corr
0.94	RYBIX	Basic Materials	Pair Corr
0.98	RYAHX	Mid Cap 15x	Pair Corr
0.63	RYAZX	Sp Smallcap 600	Pair Corr
0.63	RYAVX	Sp Midcap 400	Pair Corr
0.96	RYCCX	Nasdaq 100 2x	Pair Corr

Moving against Dow Mutual Fund

0.94	RYACX	Inverse Nasdaq 100	Pair Corr
0.57	RYAFX	Inverse Russell 2000	Pair Corr
0.51	RYARX	Inverse Sp 500	Pair Corr
0.47	RYAIX	Inverse Nasdaq 100	Pair Corr
0.47	RYALX	Inverse Nasdaq 100	Pair Corr
0.47	RYAGX	Inverse Mid Cap	Pair Corr
0.47	RYAPX	Inverse Nasdaq 100	Pair Corr
0.57	RYCQX	Inverse Russell 2000	Pair Corr
0.54	RYCWX	Inverse Dow 2x	Pair Corr
0.54	RYCZX	Inverse Dow 2x	Pair Corr
0.5	RYCBX	Inverse Sp 500	Pair Corr
0.48	RYCLX	Inverse Mid Cap	Pair Corr
0.45	RYCDX	Rydex Inverse Nasdaq	Pair Corr

Related Correlations Analysis

	RYLDX	RYCVX	RYCCX	UMPSX	RYVLX
RYLDX		1.0	0.96	0.97	0.96	RYLDX
RYCVX	1.0		0.96	0.97	0.96	RYCVX
RYCCX	0.96	0.96		0.94	1.0	RYCCX
UMPSX	0.97	0.97	0.94		0.94	UMPSX
RYVLX	0.96	0.96	1.0	0.94		RYVLX
	RYLDX	RYCVX	RYCCX	UMPSX	RYVLX

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Risk-Adjusted Indicators

There is a big difference between Dow Mutual Fund performing well and Dow 2x 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 Dow 2x'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
RYLDX	1.16	0.38	0.08	(0.88)	1.19	(1.37)	2.38	(1.93)	9.48
RYCVX	1.16	0.38	0.08	(0.88)	1.19	(1.37)	2.38	(1.93)	9.48
RYCCX	1.24	0.58	0.23	(2.80)	0.78	(1.43)	3.12	(1.92)	10.78
UMPSX	1.42	0.45	0.09	(0.95)	1.55	(1.61)	2.64	(2.48)	12.29
RYVLX	1.24	0.58	0.24	(2.82)	0.78	(1.43)	3.12	(1.91)	10.77

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