Nasdaq-100 Fund Correlations

RYHOX Fund

USD 76.92 0.07 0.09%

The current 90-days correlation between Nasdaq 100 Fund and HUMANA INC is 0.08 (i.e., Significant diversification). The correlation of Nasdaq-100 Fund 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 Fund Correlation With Market

Good diversification

The correlation between Nasdaq 100 Fund Class and DJI is -0.07 (i.e., Good 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-100 Mutual Fund

0.66	RYBCX	Basic Materials	Pair Corr
0.73	RYBAX	Basic Materials	Pair Corr
0.81	RYBKX	Banking Fund Class	Pair Corr
0.67	RYBMX	Basic Materials	Pair Corr
0.91	RYBHX	Sp Midcap 400	Pair Corr
0.67	RYBIX	Basic Materials	Pair Corr
0.83	RYAKX	Russell 2000 15x	Pair Corr
0.89	RYAHX	Mid Cap 15x	Pair Corr
0.83	RYAQX	Inverse Government Long	Pair Corr
1.0	RYATX	Nasdaq 100 Fund	Pair Corr
0.93	RYANX	Nova Fund Class	Pair Corr
0.76	RYAZX	Sp Smallcap 600	Pair Corr
0.93	RYAWX	Sp 500 Pure	Pair Corr
0.88	RYAVX	Sp Midcap 400	Pair Corr
0.91	RYDHX	Dow Jones Industrial	Pair Corr
0.89	RYDCX	Mid Cap 15x	Pair Corr
0.91	RYDKX	Dow Jones Industrial	Pair Corr
0.93	RYCHX	Technology Fund Class	Pair Corr
0.92	RYCCX	Nasdaq 100 2x	Pair Corr
0.89	RYCNX	Transportation Fund Class	Pair Corr
0.82	RYCMX	Russell 2000 15x	Pair Corr

Moving against Nasdaq-100 Mutual Fund

1.0	RYACX	Inverse Nasdaq 100	Pair Corr
1.0	RYALX	Inverse Nasdaq 100	Pair Corr
1.0	RYAPX	Inverse Nasdaq 100	Pair Corr
0.98	RYARX	Inverse Sp 500	Pair Corr
0.92	RYAIX	Inverse Nasdaq 100	Pair Corr
0.89	RYAGX	Inverse Mid Cap	Pair Corr
0.83	RYABX	Government Long Bond	Pair Corr
0.83	RYAFX	Inverse Russell 2000	Pair Corr
0.67	RYAEX	Europe 125x Strategy	Pair Corr
0.42	RYBOX	Biotechnology Fund Class	Pair Corr
1.0	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.92	RYCBX	Inverse Sp 500	Pair Corr
0.91	RYCWX	Inverse Dow 2x	Pair Corr
0.89	RYCLX	Inverse Mid Cap	Pair Corr
0.87	RYCZX	Inverse Dow 2x	Pair Corr
0.83	RYCQX	Inverse Russell 2000	Pair Corr
0.82	RYCGX	Government Long Bond	Pair Corr
0.66	RYCPX	Consumer Products	Pair Corr
0.65	RYCEX	Europe 125x Strategy	Pair Corr
0.64	RYCAX	Consumer Products	Pair Corr
0.64	RYCIX	Consumer Products	Pair Corr
0.44	RYCFX	Biotechnology Fund Class	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	AAEVX	RRTLX
444859BR2		0.0	0.21	-0.63	-0.02	-0.58	0.24	-0.31	-0.73	-0.49	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.21	0.0		-0.51	-0.43	-0.41	-0.02	0.09	-0.38	-0.5	BRRAY
MSTSX	-0.63	0.0	-0.51		0.33	0.69	0.02	-0.12	0.86	0.88	MSTSX
ABHYX	-0.02	0.0	-0.43	0.33		0.56	-0.02	-0.22	0.12	0.45	ABHYX
LBHIX	-0.58	0.0	-0.41	0.69	0.56		-0.21	0.13	0.68	0.71	LBHIX
SCAXF	0.24	0.0	-0.02	0.02	-0.02	-0.21		-0.75	-0.32	-0.01	SCAXF
VIASP	-0.31	0.0	0.09	-0.12	-0.22	0.13	-0.75		0.31	-0.04	VIASP
AAEVX	-0.73	0.0	-0.38	0.86	0.12	0.68	-0.32	0.31		0.84	AAEVX
RRTLX	-0.49	0.0	-0.5	0.88	0.45	0.71	-0.01	-0.04	0.84		RRTLX
	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	AAEVX	RRTLX

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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

RRTLX	+ 0.88	MSTSX
AAEVX	+ 0.86	MSTSX
RRTLX	+ 0.84	AAEVX
RRTLX	+ 0.71	LBHIX
LBHIX	+ 0.69	MSTSX
AAEVX	+ 0.68	LBHIX

High negative correlations

VIASP	- 0.75	SCAXF
AAEVX	- 0.73	444859BR2
MSTSX	- 0.63	444859BR2
LBHIX	- 0.58	444859BR2
MSTSX	- 0.51	BRRAY
RRTLX	- 0.5	BRRAY

Risk-Adjusted Indicators

There is a big difference between Nasdaq-100 Mutual Fund performing well and Nasdaq-100 Fund 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 Fund'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
444859BR2	1.31	(0.03)	0.00	0.36	0.00	0.00	5.93	(4.50)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	0.04	(0.11)	(0.30)	0.52	(0.59)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.20)	0.08	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.32)	0.44	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.11	0.01	(3.65)	1.04	(0.83)	2.28	(1.15)	7.18
AAEVX	0.51	0.06	(0.07)	(0.73)	0.55	(0.61)	1.07	(0.77)	3.24
RRTLX	0.24	0.00	(0.27)	0.99	0.26	(0.27)	0.56	(0.56)	1.37

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