Nasdaq-100(r) Correlations

RYVYX Fund

USD 737.77 3.04 0.41%

The current 90-days correlation between Nasdaq 100 2x and Touchstone Ultra Short is -0.09 (i.e., Good 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

Significant diversification

The correlation between Nasdaq 100 2x Strategy and DJI is 0.05 (i.e., Significant 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 population.

Moving together with Nasdaq-100(r) Mutual Fund

0.91	RYCCX	Nasdaq 100 2x	Pair Corr
0.86	RYNCX	Nova Fund Class	Pair Corr
0.65	RYRLX	Russell 2000 2x	Pair Corr
0.96	RYTIX	Technology Fund Investor	Pair Corr
1.0	RYVLX	Nasdaq 100 2x	Pair Corr
0.9	UOPIX	Ultra Nasdaq 100	Pair Corr
0.9	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.9	RMQHX	Monthly Rebalance	Pair Corr
1.0	RMQAX	Monthly Rebalance	Pair Corr
0.9	RMQCX	Monthly Rebalance	Pair Corr
0.91	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.76	XDSMX	Dreyfus Strategic	Pair Corr
0.75	XNXJX	Nuveen New Jersey	Pair Corr
0.76	NXJ	Nuveen New Jersey	Pair Corr

Moving against Nasdaq-100(r) Mutual Fund

0.99	RYVNX	Inverse Nasdaq-100(r)	Pair Corr
0.9	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.86	RYCBX	Inverse Sp 500	Pair Corr
0.85	RYWWX	Inverse Emerging Markets	Pair Corr
0.77	RYIUX	Inverse Russell 2000	Pair Corr
0.56	RYLCX	Leisure Fund Class	Pair Corr
0.55	RYAQX	Inverse Government Long	Pair Corr
0.43	RYCRX	Real Estate Fund	Pair Corr
0.4	RYILX	Rydex Sers Fds	Pair Corr
0.9	RYVTX	Inverse Nasdaq-100(r)	Pair Corr
0.5	RYWDX	Weakening Dollar	Pair Corr
0.31	PCF	Putnam High Income	Pair Corr

Related Correlations Analysis

	TSDCX	SWSFX	ASTIX	VMSSX	FUMBX	OWSBX	DIAYX
TSDCX		0.87	0.7	0.93	0.86	0.87	0.82	TSDCX
SWSFX	0.87		0.77	0.81	0.75	0.83	0.78	SWSFX
ASTIX	0.7	0.77		0.71	0.61	0.72	0.82	ASTIX
VMSSX	0.93	0.81	0.71		0.86	0.86	0.82	VMSSX
FUMBX	0.86	0.75	0.61	0.86		0.95	0.7	FUMBX
OWSBX	0.87	0.83	0.72	0.86	0.95		0.78	OWSBX
DIAYX	0.82	0.78	0.82	0.82	0.7	0.78		DIAYX
	TSDCX	SWSFX	ASTIX	VMSSX	FUMBX	OWSBX	DIAYX

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
TSDCX	0.04	0.00	0.00	0.00	0.00	0.00	0.11	(0.11)	0.44
SWSFX	0.04	0.00	(0.50)	0.72	0.00	(0.17)	0.10	(0.10)	0.49
ASTIX	0.29	0.01	(0.03)	0.08	0.37	(0.32)	0.67	(0.66)	2.14
VMSSX	0.08	0.01	(0.19)	7.13	0.00	(0.26)	0.22	(0.22)	0.66
FUMBX	0.08	0.00	(0.37)	(0.44)	0.00	(0.13)	0.19	(0.19)	0.48
OWSBX	0.06	0.01	(0.45)	(0.97)	0.00	(0.11)	0.10	(0.10)	0.39
DIAYX	0.30	0.05	0.00	1.32	0.19	(0.32)	0.65	(0.48)	1.85

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