Inverse Nasdaq-100 Correlations
| RYALX Fund | USD 13.19 0.21 1.57% |
The correlation of Inverse Nasdaq-100 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 Nasdaq-100 Correlation With Market
Good diversification
The correlation between Inverse Nasdaq 100 Strategy and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Nasdaq 100 Strategy and DJI in the same portfolio, assuming nothing else is changed.
Inverse |
Moving together with Inverse Mutual Fund
| 0.89 | RYACX | Inverse Nasdaq 100 | PairCorr |
| 1.0 | RYAIX | Inverse Nasdaq 100 | PairCorr |
| 0.7 | RYARX | Inverse Sp 500 | PairCorr |
| 1.0 | RYAPX | Inverse Nasdaq 100 | PairCorr |
| 0.85 | RYCBX | Inverse Sp 500 | PairCorr |
| 0.99 | RYCDX | Rydex Inverse Nasdaq | PairCorr |
Moving against Inverse Mutual Fund
| 0.53 | RYBKX | Banking Fund Class | PairCorr |
| 0.43 | RYAKX | Russell 2000 15x | PairCorr |
| 0.39 | RYAHX | Mid Cap 15x | PairCorr |
| 0.86 | RYANX | Nova Fund Class | PairCorr |
| 0.84 | RYAWX | Sp 500 Pure | PairCorr |
| 0.66 | RYAZX | Sp Smallcap 600 | PairCorr |
| 0.47 | RYCHX | Technology Fund Class | PairCorr |
| 0.38 | RYDCX | Mid Cap 15x | PairCorr |
| 0.31 | RYDHX | Dow Jones Industrial | PairCorr |
| 0.8 | RYCNX | Transportation Fund Class | PairCorr |
| 0.69 | RYCCX | Nasdaq 100 2x | PairCorr |
| 0.42 | RYCMX | Russell 2000 15x | PairCorr |
| 0.31 | RYCTX | Sp 500 2x | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | LCCXX | ||
| 0.0 | 0.1 | 0.0 | 0.4 | 0.72 | 0.0 | DVPXX | ||
| 0.0 | 0.1 | 0.0 | 0.84 | 0.64 | 0.0 | TWARX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
| 0.0 | 0.4 | 0.84 | 0.0 | 0.79 | 0.0 | DPIGX | ||
| 0.0 | 0.72 | 0.64 | 0.0 | 0.79 | 0.0 | SSAGX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HUMXX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Inverse Mutual Fund performing well and Inverse Nasdaq-100 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 Nasdaq-100'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LCCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DVPXX | 0.03 | 0.01 | 0.00 | (0.26) | 0.00 | 0.00 | 1.01 | |||
| TWARX | 0.07 | 0.00 | (0.01) | 0.36 | 0.01 | 0.22 | 0.67 | |||
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DPIGX | 0.05 | 0.00 | 0.01 | 0.32 | 0.00 | 0.21 | 0.42 | |||
| SSAGX | 0.04 | 0.00 | 0.04 | 0.08 | 0.00 | 0.10 | 0.51 | |||
| HUMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |