Inverse Mid-cap Correlations

RYAGX Fund

USD 45.04 0.74 1.62%

The current 90-days correlation between Inverse Mid Cap and Eic Value Fund is -0.12 (i.e., Good diversification). The correlation of Inverse Mid-cap 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.

Inverse Mid-cap Correlation With Market

Good diversification

The correlation between Inverse Mid Cap Strategy and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Mid Cap 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 Inverse Mid Cap 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 price.

Moving together with Inverse Mutual Fund

0.77	RYABX	Government Long Bond	Pair Corr
0.92	RYACX	Inverse Nasdaq 100	Pair Corr
0.8	RYAIX	Inverse Nasdaq 100	Pair Corr
0.92	RYALX	Inverse Nasdaq 100	Pair Corr
0.98	RYAFX	Inverse Russell 2000	Pair Corr
0.95	RYARX	Inverse Sp 500	Pair Corr
0.92	RYAPX	Inverse Nasdaq 100	Pair Corr
0.64	RYCGX	Government Long Bond	Pair Corr
0.76	RYCBX	Inverse Sp 500	Pair Corr
0.92	RYCDX	Rydex Inverse Nasdaq	Pair Corr

Moving against Inverse Mutual Fund

1.0	RYAHX	Mid Cap 15x	Pair Corr
1.0	RYDCX	Mid Cap 15x	Pair Corr
0.98	RYBHX	Sp Midcap 400	Pair Corr
0.98	RYAKX	Russell 2000 15x	Pair Corr
0.98	RYAVX	Sp Midcap 400	Pair Corr
0.95	RYANX	Nova Fund Class	Pair Corr
0.94	RYAWX	Sp 500 Pure	Pair Corr
0.93	RYATX	Nasdaq 100 Fund	Pair Corr
0.89	RYBKX	Banking Fund Class	Pair Corr
0.79	RYAZX	Sp Smallcap 600	Pair Corr
0.74	RYDHX	Dow Jones Industrial	Pair Corr
0.66	RYBAX	Basic Materials	Pair Corr
0.66	RYBMX	Basic Materials	Pair Corr
0.66	RYBIX	Basic Materials	Pair Corr
0.65	RYBCX	Basic Materials	Pair Corr
0.64	RYAQX	Inverse Government Long	Pair Corr
0.36	RYAUX	Utilities Fund Class	Pair Corr
0.97	RYCVX	Dow 2x Strategy	Pair Corr
0.97	RYCYX	Dow 2x Strategy	Pair Corr
0.82	RYCMX	Russell 2000 15x	Pair Corr
0.8	RYCHX	Technology Fund Class	Pair Corr
0.79	RYCCX	Nasdaq 100 2x	Pair Corr
0.79	RYCOX	Nasdaq 100 Fund	Pair Corr
0.78	RYCTX	Sp 500 2x	Pair Corr
0.77	RYECX	Energy Fund Class	Pair Corr
0.76	RYCKX	Sp Midcap 400	Pair Corr
0.74	RYDKX	Dow Jones Industrial	Pair Corr
0.74	RYDAX	Dow Jones Industrial	Pair Corr
0.73	RYCNX	Transportation Fund Class	Pair Corr
0.69	RYCSX	Telecommunications	Pair Corr

Related Correlations Analysis

	EICVX	ARCHX	USCAX	TWBIX	LMUSX	IPSAX	SILLX
EICVX		0.73	0.84	0.79	0.9	0.91	0.89	EICVX
ARCHX	0.73		0.58	0.92	0.67	0.76	0.77	ARCHX
USCAX	0.84	0.58		0.78	0.87	0.86	0.89	USCAX
TWBIX	0.79	0.92	0.78		0.79	0.85	0.87	TWBIX
LMUSX	0.9	0.67	0.87	0.79		0.99	0.98	LMUSX
IPSAX	0.91	0.76	0.86	0.85	0.99		0.99	IPSAX
SILLX	0.89	0.77	0.89	0.87	0.98	0.99		SILLX
	EICVX	ARCHX	USCAX	TWBIX	LMUSX	IPSAX	SILLX

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Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Mid-cap 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 Inverse Mid-cap'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
EICVX	0.48	0.00	(0.10)	0.12	0.37	(0.56)	1.09	(0.71)	2.12
ARCHX	0.35	(0.02)	(0.20)	0.07	0.36	(0.40)	0.67	(0.71)	1.69
USCAX	0.96	(0.06)	0.01	0.08	0.92	(1.15)	2.26	(1.70)	7.45
TWBIX	0.36	(0.03)	(0.17)	0.06	0.45	(0.39)	0.78	(0.92)	2.38
LMUSX	0.62	0.03	0.02	0.15	0.72	(0.71)	1.52	(1.49)	4.15
IPSAX	0.39	(0.01)	(0.12)	0.10	0.43	(0.44)	0.75	(0.74)	2.42
SILLX	0.58	(0.01)	(0.05)	0.10	0.72	(0.63)	1.44	(1.31)	3.90

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