Europe 125x Correlations

RYAEX Fund

USD 112.38 0.20 0.18%

The current 90-days correlation between Europe 125x Strategy and Nasdaq 100 2x Strategy is -0.21 (i.e., Very good diversification). The correlation of Europe 125x 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.

Europe 125x Correlation With Market

Weak diversification

The correlation between Europe 125x Strategy and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europe 125x 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 Europe 125x 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 income.

Moving together with Europe Mutual Fund

0.78	RYABX	Government Long Bond	Pair Corr
0.61	RYACX	Inverse Nasdaq 100	Pair Corr
0.61	RYALX	Inverse Nasdaq 100	Pair Corr
0.62	RYAFX	Inverse Russell 2000	Pair Corr
0.63	RYAGX	Inverse Mid Cap	Pair Corr
0.61	RYARX	Inverse Sp 500	Pair Corr
0.61	RYAPX	Inverse Nasdaq 100	Pair Corr
0.97	RYCEX	Europe 125x Strategy	Pair Corr
0.79	RYCGX	Government Long Bond	Pair Corr
0.68	RYCBX	Inverse Sp 500	Pair Corr
0.68	RYCAX	Consumer Products	Pair Corr
0.64	RYCDX	Rydex Inverse Nasdaq	Pair Corr

Moving against Europe Mutual Fund

0.87	RYBKX	Banking Fund Class	Pair Corr
0.81	RYAQX	Inverse Government Long	Pair Corr
0.72	RYAVX	Sp Midcap 400	Pair Corr
0.71	RYDHX	Dow Jones Industrial	Pair Corr
0.71	RYDKX	Dow Jones Industrial	Pair Corr
0.69	RYANX	Nova Fund Class	Pair Corr
0.69	RYAWX	Sp 500 Pure	Pair Corr
0.67	RYAHX	Mid Cap 15x	Pair Corr
0.66	RYATX	Nasdaq 100 Fund	Pair Corr
0.64	RYAKX	Russell 2000 15x	Pair Corr
0.64	RYDCX	Mid Cap 15x	Pair Corr
0.57	RYAZX	Sp Smallcap 600	Pair Corr
0.49	RYBHX	Sp Midcap 400	Pair Corr
0.35	RYAUX	Utilities Fund Class	Pair Corr
0.86	RYFNX	Financial Services	Pair Corr
0.86	RYFIX	Financial Services	Pair Corr
0.79	RYCNX	Transportation Fund Class	Pair Corr
0.75	RYCSX	Telecommunications	Pair Corr
0.71	RYDAX	Dow Jones Industrial	Pair Corr
0.69	RYCVX	Dow 2x Strategy	Pair Corr
0.67	RYCYX	Dow 2x Strategy	Pair Corr
0.66	RYCOX	Nasdaq 100 Fund	Pair Corr

Related Correlations Analysis

	RYVYX	RYVLX	RYCCX	UOPIX	UOPSX	RMQHX	RMQAX	DXQLX	INPSX
RYVYX		0.92	0.92	0.92	0.92	1.0	1.0	1.0	0.89	RYVYX
RYVLX	0.92		1.0	1.0	1.0	0.92	0.92	0.92	0.93	RYVLX
RYCCX	0.92	1.0		1.0	1.0	0.92	0.92	0.92	0.93	RYCCX
UOPIX	0.92	1.0	1.0		1.0	0.92	0.92	0.92	0.93	UOPIX
UOPSX	0.92	1.0	1.0	1.0		0.92	0.92	0.92	0.93	UOPSX
RMQHX	1.0	0.92	0.92	0.92	0.92		1.0	1.0	0.9	RMQHX
RMQAX	1.0	0.92	0.92	0.92	0.92	1.0		1.0	0.9	RMQAX
DXQLX	1.0	0.92	0.92	0.92	0.92	1.0	1.0		0.9	DXQLX
INPSX	0.89	0.93	0.93	0.93	0.93	0.9	0.9	0.9		INPSX
	RYVYX	RYVLX	RYCCX	UOPIX	UOPSX	RMQHX	RMQAX	DXQLX	INPSX

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Risk-Adjusted Indicators

There is a big difference between Europe Mutual Fund performing well and Europe 125x 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 Europe 125x'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
RYVYX	1.63	0.14	0.01	(0.47)	2.41	(1.54)	3.08	(4.83)	10.29
RYVLX	1.62	(0.06)	0.01	0.06	2.40	(1.54)	3.08	(4.83)	10.29
RYCCX	1.62	(0.06)	0.01	0.06	2.41	(1.53)	3.08	(4.84)	10.29
UOPIX	1.62	(0.06)	0.01	0.06	2.40	(1.53)	3.10	(4.81)	10.25
UOPSX	1.62	(0.06)	0.01	0.06	2.40	(1.53)	3.10	(4.80)	10.25
RMQHX	1.60	0.14	0.02	(0.67)	2.34	(1.52)	3.11	(4.61)	10.04
RMQAX	1.60	0.14	0.02	(0.67)	2.34	(1.52)	3.11	(4.61)	10.04
DXQLX	1.41	0.13	0.01	(0.49)	2.05	(1.34)	2.69	(4.08)	8.79
INPSX	1.16	0.20	0.14	0.22	1.45	(1.28)	2.56	(2.41)	8.12

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