Dow 2x Correlations

Mutual Funds . USA . 
Fund . Dow 2x Strategy
RYCYX Fund  USD 157.38  2.89  1.87%   
The current 90-days correlation between Dow 2x Strategy and Dow 2x Strategy is 1.0 (i.e., No risk reduction). The correlation of Dow 2x 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.

Dow 2x Correlation With Market

Significant diversification

The correlation between Dow 2x Strategy and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dow 2x 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 Dow 2x 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 manufacturing.

Moving together with Dow Mutual Fund

  0.65RYBCX Basic MaterialsPairCorr
  0.66RYBAX Basic MaterialsPairCorr
  0.87RYBKX Banking Fund ClassPairCorr
  0.66RYBMX Basic MaterialsPairCorr
  0.95RYBHX Sp Midcap 400PairCorr
  0.66RYBIX Basic MaterialsPairCorr
  0.97RYAHX Mid Cap 15xPairCorr
  0.65RYAQX Inverse Government LongPairCorr
  0.93RYATX Nasdaq 100 FundPairCorr
  0.76RYAZX Sp Smallcap 600PairCorr
  0.95RYAWX Sp 500 PurePairCorr
  0.94RYAVX Sp Midcap 400PairCorr
  0.79RYDHX Dow Jones IndustrialPairCorr
  0.79RYDKX Dow Jones IndustrialPairCorr
  0.65RYEAX Energy Fund ClassPairCorr
  0.74RYECX Energy Fund ClassPairCorr
  0.82RYCHX Technology Fund ClassPairCorr
  0.8RYCCX Nasdaq 100 2xPairCorr
  0.74RYCNX Transportation Fund ClassPairCorr
  0.8RYCMX Russell 2000 15xPairCorr
  0.93RYCOX Nasdaq 100 FundPairCorr
  0.76RYCKX Sp Midcap 400PairCorr
  1.0RYCVX Dow 2x StrategyPairCorr

Moving against Dow Mutual Fund

  0.97RYAGX Inverse Mid CapPairCorr
  0.96RYARX Inverse Sp 500PairCorr
  0.93RYAFX Inverse Russell 2000PairCorr
  0.92RYACX Inverse Nasdaq 100PairCorr
  0.92RYALX Inverse Nasdaq 100PairCorr
  0.92RYAPX Inverse Nasdaq 100PairCorr
  0.8RYAIX Inverse Nasdaq 100PairCorr
  0.76RYABX Government Long BondPairCorr
  0.58RYAEX Europe 125x StrategyPairCorr
  0.58RYCEX Europe 125x StrategyPairCorr
  0.38RYBOX Biotechnology Fund ClassPairCorr
  1.0RYCWX Inverse Dow 2xPairCorr
  0.97RYCLX Inverse Mid CapPairCorr
  0.96RYCBX Inverse Sp 500PairCorr
  0.93RYCQX Inverse Russell 2000PairCorr
  0.92RYCDX Rydex Inverse NasdaqPairCorr
  0.78RYCZX Inverse Dow 2xPairCorr
  0.76RYGBX Government Long BondPairCorr
  0.69RYEUX Europe 125x StrategyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dow Mutual Fund performing well and Dow 2x 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 Dow 2x'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.

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