Nasdaq 100 Correlations

RYCOX Fund

USD 57.73 0.93 1.64%

The current 90-days correlation between Nasdaq 100 Fund and Nasdaq 100 2x Strategy is 0.93 (i.e., Almost no diversification). The correlation of 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.

Nasdaq 100 Correlation With Market

Average diversification

The correlation between Nasdaq 100 Fund Class and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 Fund Class 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 Fund Class. 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 persons.

Moving together with Nasdaq Mutual Fund

0.79	RYBCX	Basic Materials	Pair Corr
0.79	RYBAX	Basic Materials	Pair Corr
0.79	RYBMX	Basic Materials	Pair Corr
0.91	RYBHX	Sp Midcap 400	Pair Corr
0.79	RYBIX	Basic Materials	Pair Corr
0.81	RYBOX	Biotechnology Fund Class	Pair Corr
0.76	RYABX	Government Long Bond	Pair Corr
0.79	RYAKX	Russell 2000 15x	Pair Corr
0.76	RYAHX	Mid Cap 15x	Pair Corr
0.69	RYAUX	Utilities Fund Class	Pair Corr
0.98	RYATX	Nasdaq 100 Fund	Pair Corr
0.9	RYAVX	Sp Midcap 400	Pair Corr
0.85	RYDHX	Dow Jones Industrial	Pair Corr
0.77	RYDCX	Mid Cap 15x	Pair Corr
0.87	RYDKX	Dow Jones Industrial	Pair Corr
0.81	RYCFX	Biotechnology Fund Class	Pair Corr
0.74	RYCHX	Technology Fund Class	Pair Corr
0.78	RYCGX	Government Long Bond	Pair Corr
0.86	RYCAX	Consumer Products	Pair Corr
0.77	RYCCX	Nasdaq 100 2x	Pair Corr
0.79	RYCMX	Russell 2000 15x	Pair Corr

Moving against Nasdaq Mutual Fund

0.79	RYAFX	Inverse Russell 2000	Pair Corr
0.56	RYAGX	Inverse Mid Cap	Pair Corr
0.49	RYARX	Inverse Sp 500	Pair Corr
0.77	RYAQX	Inverse Government Long	Pair Corr
0.74	RYCWX	Inverse Dow 2x	Pair Corr
0.74	RYCQX	Inverse Russell 2000	Pair Corr
0.5	RYCLX	Inverse Mid Cap	Pair Corr
0.49	RYCBX	Inverse Sp 500	Pair Corr

Related Correlations Analysis

	RYCCX	RYNCX	RYCMX	RYATX	RYHOX
RYCCX		0.9	0.83	0.87	0.87	RYCCX
RYNCX	0.9		0.8	0.64	0.64	RYNCX
RYCMX	0.83	0.8		0.85	0.84	RYCMX
RYATX	0.87	0.64	0.85		1.0	RYATX
RYHOX	0.87	0.64	0.84	1.0		RYHOX
	RYCCX	RYNCX	RYCMX	RYATX	RYHOX

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Risk-Adjusted Indicators

There is a big difference between Nasdaq Mutual Fund performing well and 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 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
RYCCX	1.80	(0.01)	0.00	(0.02)	2.86	(1.70)	3.32	(4.84)	13.87
RYNCX	0.86	0.03	0.02	0.07	1.30	(0.85)	1.82	(2.00)	8.24
RYCMX	1.39	0.03	0.01	0.03	1.84	(1.42)	2.69	(2.45)	15.39
RYATX	0.97	(0.06)	0.00	(0.20)	0.00	0.00	1.67	(2.40)	10.76
RYHOX	0.96	(0.06)	0.00	(0.18)	0.00	0.00	1.85	(2.40)	10.76

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