Mid-cap 15x Correlations

RYDCX Fund

USD 118.04 2.87 2.49%

The current 90-days correlation between Mid Cap 15x and Basic Materials Fund is 0.75 (i.e., Poor diversification). The correlation of Mid-cap 15x 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.

Mid-cap 15x Correlation With Market

Almost no diversification

The correlation between Mid Cap 15x Strategy and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap 15x 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 Mid Cap 15x 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 main economic indicators.

Moving together with Mid-cap Mutual Fund

0.65	RYBCX	Basic Materials	Pair Corr
0.65	RYBAX	Basic Materials	Pair Corr
0.9	RYBKX	Banking Fund Class	Pair Corr
0.65	RYBMX	Basic Materials	Pair Corr
0.97	RYBHX	Sp Midcap 400	Pair Corr
0.66	RYBIX	Basic Materials	Pair Corr
0.98	RYAKX	Russell 2000 15x	Pair Corr
1.0	RYAHX	Mid Cap 15x	Pair Corr
0.79	RYAQX	Inverse Government Long	Pair Corr
0.93	RYATX	Nasdaq 100 Fund	Pair Corr
0.95	RYANX	Nova Fund Class	Pair Corr
0.93	RYAWX	Sp 500 Pure	Pair Corr
0.99	RYAVX	Sp Midcap 400	Pair Corr
0.96	RYDHX	Dow Jones Industrial	Pair Corr
0.72	RYECX	Energy Fund Class	Pair Corr
0.93	RYCCX	Nasdaq 100 2x	Pair Corr
0.93	RYCOX	Nasdaq 100 Fund	Pair Corr
0.96	RYCVX	Dow 2x Strategy	Pair Corr
0.96	RYCYX	Dow 2x Strategy	Pair Corr
0.96	RYDAX	Dow Jones Industrial	Pair Corr
0.91	RYFIX	Financial Services	Pair Corr
0.73	RYEIX	Energy Fund Investor	Pair Corr

Moving against Mid-cap Mutual Fund

1.0	RYAGX	Inverse Mid Cap	Pair Corr
0.98	RYAFX	Inverse Russell 2000	Pair Corr
0.95	RYARX	Inverse Sp 500	Pair Corr
0.92	RYACX	Inverse Nasdaq 100	Pair Corr
0.92	RYALX	Inverse Nasdaq 100	Pair Corr
0.92	RYAPX	Inverse Nasdaq 100	Pair Corr
1.0	RYCLX	Inverse Mid Cap	Pair Corr
0.98	RYCQX	Inverse Russell 2000	Pair Corr
0.96	RYCWX	Inverse Dow 2x	Pair Corr
0.94	RYCBX	Inverse Sp 500	Pair Corr
0.92	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.77	RYGBX	Government Long Bond	Pair Corr
0.53	RYCAX	Consumer Products	Pair Corr
0.96	RYIDX	Rydex Dynamic Fds	Pair Corr
0.67	RYEUX	Europe 125x Strategy	Pair Corr

Related Correlations Analysis

	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX
RYBCX		1.0	0.37	1.0	0.65	1.0	-0.13	-0.53	-0.74	-0.74	RYBCX
RYBAX	1.0		0.38	1.0	0.65	1.0	-0.14	-0.55	-0.75	-0.75	RYBAX
RYBKX	0.37	0.38		0.38	0.79	0.39	-0.46	-0.84	-0.8	-0.79	RYBKX
RYBMX	1.0	1.0	0.38		0.65	1.0	-0.14	-0.54	-0.75	-0.75	RYBMX
RYBHX	0.65	0.65	0.79	0.65		0.66	-0.25	-0.67	-0.91	-0.91	RYBHX
RYBIX	1.0	1.0	0.39	1.0	0.66		-0.14	-0.55	-0.75	-0.75	RYBIX
RYBOX	-0.13	-0.14	-0.46	-0.14	-0.25	-0.14		0.55	0.35	0.34	RYBOX
RYABX	-0.53	-0.55	-0.84	-0.54	-0.67	-0.55	0.55		0.8	0.79	RYABX
RYACX	-0.74	-0.75	-0.8	-0.75	-0.91	-0.75	0.35	0.8		1.0	RYACX
RYAIX	-0.74	-0.75	-0.79	-0.75	-0.91	-0.75	0.34	0.79	1.0		RYAIX
	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX

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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

RYBAX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBCX
RYBIX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBAX
RYBIX	+ 1.0	RYBAX
RYBIX	+ 1.0	RYBMX

High negative correlations

RYAIX	- 0.91	RYBHX
RYACX	- 0.91	RYBHX
RYABX	- 0.84	RYBKX
RYACX	- 0.8	RYBKX
RYAIX	- 0.79	RYBKX
RYAIX	- 0.75	RYBIX

Risk-Adjusted Indicators

There is a big difference between Mid-cap Mutual Fund performing well and Mid-cap 15x 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 Mid-cap 15x'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
RYBCX	0.79	(0.03)	(0.05)	0.08	0.90	(0.87)	1.73	(1.38)	4.88
RYBAX	0.79	(0.03)	(0.05)	0.09	0.90	(0.87)	1.71	(1.38)	4.87
RYBKX	1.12	0.07	0.16	0.16	0.80	(1.44)	2.58	(1.99)	12.77
RYBMX	0.79	(0.03)	(0.05)	0.09	0.90	(0.87)	1.71	(1.38)	4.88
RYBHX	0.84	(0.03)	0.00	0.10	0.98	(0.87)	1.84	(1.38)	6.10
RYBIX	0.79	(0.03)	(0.05)	0.09	0.90	(0.87)	1.72	(1.37)	4.89
RYBOX	0.79	(0.19)	0.00	(0.10)	0.00	0.00	1.41	(1.75)	6.21
RYABX	0.73	(0.10)	0.00	0.41	0.00	0.00	1.55	(1.83)	5.15
RYACX	0.77	0.03	0.00	0.09	0.00	0.00	2.43	(1.55)	5.90
RYAIX	0.77	0.04	0.00	0.08	0.00	0.00	2.50	(1.57)	5.84

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