Mid-cap 15x Correlations

RYMDX Fund

USD 136.57 0.85 0.63%

The correlation of Mid-cap 15x 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.

Mid-cap 15x Correlation With Market

Very poor diversification

The correlation between Mid Cap 15x Strategy and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap 15x 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 Mid Cap 15x 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 banks.

Moving together with Mid-cap Mutual Fund

0.92	RYBCX	Basic Materials	Pair Corr
0.92	RYBAX	Basic Materials	Pair Corr
0.92	RYBHX	Sp Midcap 400	Pair Corr
0.92	RYBIX	Basic Materials	Pair Corr
0.92	RYAHX	Mid Cap 15x	Pair Corr
0.87	RYATX	Nasdaq 100 Fund	Pair Corr
0.95	RYAZX	Sp Smallcap 600	Pair Corr
0.94	RYAWX	Sp 500 Pure	Pair Corr
0.93	RYAVX	Sp Midcap 400	Pair Corr
0.71	RYEAX	Energy Fund Class	Pair Corr
0.85	RYCFX	Biotechnology Fund Class	Pair Corr
0.91	RYCHX	Technology Fund Class	Pair Corr
0.89	RYCCX	Nasdaq 100 2x	Pair Corr
0.97	RYCMX	Russell 2000 15x	Pair Corr
0.89	RYCOX	Nasdaq 100 Fund	Pair Corr
0.91	RYCKX	Sp Midcap 400	Pair Corr
0.98	RYCVX	Dow 2x Strategy	Pair Corr
0.98	RYCYX	Dow 2x Strategy	Pair Corr
0.84	RYCRX	Real Estate Fund	Pair Corr
0.93	RYCTX	Sp 500 2x	Pair Corr
0.98	RYFIX	Financial Services	Pair Corr
0.82	RYFTX	Emerging Markets Bond	Pair Corr
0.71	RYEIX	Energy Fund Investor	Pair Corr
0.89	RYELX	Electronics Fund Class	Pair Corr
0.65	RYENX	Energy Fund Class	Pair Corr
0.98	RYFAX	Financial Services	Pair Corr
0.89	RYHOX	Nasdaq 100 Fund	Pair Corr
0.85	RYHRX	Real Estate Fund	Pair Corr
0.91	RYICX	Internet Fund Class	Pair Corr

Moving against Mid-cap Mutual Fund

0.9	RYAGX	Inverse Mid Cap	Pair Corr
0.87	RYACX	Inverse Nasdaq 100	Pair Corr
0.99	RYCLX	Inverse Mid Cap	Pair Corr
0.98	RYCWX	Inverse Dow 2x Potential Growth	Pair Corr
0.93	RYIDX	Rydex Dynamic Fds Potential Growth	Pair Corr
0.88	RYILX	Rydex Sers Fds	Pair Corr

Related Correlations Analysis

	MCBXX	FIKBX	BTO	ICFAX	RMBLX
MCBXX		0.0	0.0	0.0	0.0	MCBXX
FIKBX	0.0		0.95	0.8	0.94	FIKBX
BTO	0.0	0.95		0.72	0.95	BTO
ICFAX	0.0	0.8	0.72		0.8	ICFAX
RMBLX	0.0	0.94	0.95	0.8		RMBLX
	MCBXX	FIKBX	BTO	ICFAX	RMBLX

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

BTO	+ 0.95	FIKBX
RMBLX	+ 0.95	BTO
RMBLX	+ 0.94	FIKBX
ICFAX	+ 0.8	FIKBX
RMBLX	+ 0.8	ICFAX
ICFAX	+ 0.72	BTO

High negative correlations

RMBLX	- 0.0	MCBXX
ICFAX	- 0.0	MCBXX
BTO	- 0.0	MCBXX
FIKBX	- 0.0	MCBXX

Risk-Adjusted Indicators

There is a big difference between Mid-cap Mutual Fund performing well and Mid-cap 15x 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 Mid-cap 15x'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
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.71	(0.01)	0.02	0.11	0.76	(0.75)	1.85	(1.33)	4.28
BTO	0.82	0.06	0.06	0.18	0.71	(0.97)	2.15	(1.44)	4.84
ICFAX	0.72	(0.01)	0.01	0.11	0.75	(0.83)	1.38	(1.24)	4.60
RMBLX	1.10	(0.02)	0.04	0.11	1.13	(1.18)	2.41	(2.38)	5.54

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