Europe 125x Correlations
| RYCEX Fund | USD 79.79 0.24 0.30% |
The current 90-days correlation between Europe 125x Strategy and Principal Fds Money is -0.09 (i.e., 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
Significant diversification
The correlation between Europe 125x Strategy and DJI is 0.03 (i.e., Significant 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.
Europe |
Moving together with Europe Mutual Fund
| 0.67 | RYBCX | Basic Materials | PairCorr |
| 0.67 | RYBAX | Basic Materials | PairCorr |
| 0.67 | RYBMX | Basic Materials | PairCorr |
| 0.68 | RYBIX | Basic Materials | PairCorr |
| 0.68 | RYBOX | Biotechnology Fund Class | PairCorr |
| 0.69 | RYABX | Government Long Bond | PairCorr |
| 1.0 | RYAEX | Europe 125x Strategy | PairCorr |
| 0.67 | RYCFX | Biotechnology Fund Class | PairCorr |
| 0.7 | RYCGX | Government Long Bond | PairCorr |
| 0.62 | RYCAX | Consumer Products | PairCorr |
Moving against Europe Mutual Fund
| 0.71 | RYAQX | Inverse Government Long | PairCorr |
| 0.47 | RYAWX | Sp 500 Pure | PairCorr |
| 0.45 | RYBKX | Banking Fund Class | PairCorr |
| 0.33 | RYAZX | Sp Smallcap 600 | PairCorr |
| 0.61 | RYCNX | Transportation Fund Class | PairCorr |
| 0.32 | RYFNX | Financial Services | PairCorr |
| 0.32 | RYFIX | Financial Services | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.67 | 0.0 | 0.0 | 0.26 | PCSXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEYXX | ||
| 0.67 | 0.0 | 0.0 | 0.0 | 0.0 | 0.21 | QCMMIX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HUCXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JRSXX | ||
| 0.26 | 0.0 | 0.0 | 0.21 | 0.0 | 0.0 | SWGXX | ||
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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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCSXX | 0.03 | 0.01 | 0.00 | (1.06) | 0.00 | 0.00 | 1.01 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AEYXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QCMMIX | 0.02 | 0.01 | 0.00 | (5.61) | 0.00 | 0.03 | 0.03 | |||
| HUCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JRSXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SWGXX | 0.03 | 0.01 | 0.00 | (0.31) | 0.00 | 0.00 | 1.01 |