Nasdaq-100 Fund Correlations
RYOCX Fund | USD 87.16 0.14 0.16% |
The current 90-days correlation between Nasdaq 100 Fund and Bbh Intermediate Municipal is -0.19 (i.e., Good 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
Poor diversification
The correlation between Nasdaq 100 Fund Investor and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 Fund Investor and DJI in the same portfolio, assuming nothing else is changed.
NASDAQ-100 |
Moving together with NASDAQ-100 Mutual Fund
0.72 | RYBCX | Basic Materials | PairCorr |
0.73 | RYBAX | Basic Materials | PairCorr |
0.83 | RYBKX | Banking Fund Class | PairCorr |
0.73 | RYBMX | Basic Materials | PairCorr |
0.9 | RYBHX | Sp Midcap 400 | PairCorr |
0.73 | RYBIX | Basic Materials | PairCorr |
0.88 | RYAKX | Russell 2000 15x Steady Growth | PairCorr |
0.93 | RYAHX | Mid Cap 15x | PairCorr |
0.84 | RYAQX | Inverse Government Long | PairCorr |
1.0 | RYATX | Nasdaq 100 Fund | PairCorr |
0.99 | RYANX | Nova Fund Class | PairCorr |
0.81 | RYAZX | Sp Smallcap 600 | PairCorr |
0.98 | RYAWX | Sp 500 Pure | PairCorr |
0.91 | RYAVX | Sp Midcap 400 | PairCorr |
0.93 | RYDHX | Dow Jones Industrial | PairCorr |
0.93 | RYDCX | Mid Cap 15x | PairCorr |
0.93 | RYDKX | Dow Jones Industrial | PairCorr |
0.63 | RYEAX | Energy Fund Class | PairCorr |
0.62 | RYECX | Energy Fund Class | PairCorr |
0.99 | RYCHX | Technology Fund Class | PairCorr |
1.0 | RYCCX | Nasdaq 100 2x | PairCorr |
0.9 | RYCNX | Transportation Fund Class | PairCorr |
0.88 | RYCMX | Russell 2000 15x Steady Growth | PairCorr |
Moving against NASDAQ-100 Mutual Fund
1.0 | RYACX | Inverse Nasdaq 100 | PairCorr |
1.0 | RYAIX | Inverse Nasdaq 100 | PairCorr |
1.0 | RYALX | Inverse Nasdaq 100 | PairCorr |
1.0 | RYAPX | Inverse Nasdaq 100 | PairCorr |
0.99 | RYARX | Inverse Sp 500 | PairCorr |
0.93 | RYAGX | Inverse Mid Cap | PairCorr |
0.88 | RYAFX | Inverse Russell 2000 | PairCorr |
0.83 | RYABX | Government Long Bond | PairCorr |
0.67 | RYAEX | Europe 125x Strategy | PairCorr |
0.38 | RYBOX | Biotechnology Fund Class | PairCorr |
1.0 | RYCDX | Rydex Inverse Nasdaq Potential Growth | PairCorr |
0.98 | RYCBX | Inverse Sp 500 | PairCorr |
0.93 | RYCLX | Inverse Mid Cap | PairCorr |
0.93 | RYCWX | Inverse Dow 2x | PairCorr |
0.93 | RYCZX | Inverse Dow 2x | PairCorr |
0.88 | RYCQX | Inverse Russell 2000 | PairCorr |
0.83 | RYCGX | Government Long Bond | PairCorr |
0.67 | RYCEX | Europe 125x Strategy | PairCorr |
0.65 | RYCPX | Consumer Products | PairCorr |
0.64 | RYCAX | Consumer Products | PairCorr |
0.63 | RYCIX | Consumer Products | PairCorr |
0.39 | RYCFX | Biotechnology Fund Class | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BBINX | 0.11 | 0.00 | (0.44) | 0.10 | 0.16 | 0.29 | 1.07 | |||
APDOX | 0.14 | 0.03 | (0.54) | 0.48 | 0.00 | 0.39 | 0.78 | |||
LTEBX | 0.09 | 0.00 | (0.51) | 0.10 | 0.12 | 0.20 | 0.78 | |||
MGGYX | 0.20 | 0.00 | (0.43) | 0.10 | 0.20 | 0.34 | 0.91 | |||
GMDFX | 0.20 | 0.02 | (0.38) | 0.44 | 0.12 | 0.39 | 1.55 | |||
LSHEX | 1.41 | 0.73 | 0.44 | 0.66 | 0.92 | 3.44 | 8.17 | |||
VGCAX | 0.17 | 0.00 | (0.54) | 0.45 | 0.20 | 0.37 | 0.98 |