Inverse Sp Correlations

RYTMX Fund

USD 74.65 1.12 1.52%

The current 90-days correlation between Inverse Sp 500 and Calvert High Yield is -0.58 (i.e., Excellent diversification). The correlation of Inverse Sp 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.

Inverse Sp Correlation With Market

Pay attention - limited upside

The correlation between Inverse Sp 500 and DJI is -0.83 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Sp 500 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 Inverse Sp 500. 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 industry.

Moving together with Inverse Mutual Fund

0.93	RYACX	Inverse Nasdaq 100	Pair Corr
0.73	RYAFX	Inverse Russell 2000 Steady Growth	Pair Corr
1.0	RYCBX	Inverse Sp 500 Steady Growth	Pair Corr
0.95	RYCDX	Rydex Inverse Nasdaq Steady Growth	Pair Corr
0.71	RYCQX	Inverse Russell 2000 Steady Growth	Pair Corr
0.88	RYCZX	Inverse Dow 2x	Pair Corr

Moving against Inverse Mutual Fund

0.88	RYBHX	Sp Midcap 400	Pair Corr
0.87	RYDKX	Dow Jones Industrial	Pair Corr
0.86	RYDHX	Dow Jones Industrial	Pair Corr
0.82	RYATX	Nasdaq 100 Fund	Pair Corr
0.76	RYAHX	Mid Cap 15x	Pair Corr
0.76	RYDCX	Mid Cap 15x	Pair Corr
0.7	RYAZX	Sp Smallcap 600	Pair Corr
0.67	RYAEX	Europe 125x Strategy	Pair Corr
0.67	RYCEX	Europe 125x Strategy	Pair Corr
0.65	RYAVX	Sp Midcap 400	Pair Corr
0.5	RYAWX	Sp 500 Pure	Pair Corr
0.45	RYBIX	Basic Materials	Pair Corr
0.44	RYBAX	Basic Materials	Pair Corr
0.44	RYBMX	Basic Materials	Pair Corr
0.43	RYBCX	Basic Materials	Pair Corr
0.89	RYCVX	Dow 2x Strategy	Pair Corr
0.88	RYCKX	Sp Midcap 400	Pair Corr
0.87	RYCYX	Dow 2x Strategy	Pair Corr
0.86	RYDAX	Dow Jones Industrial	Pair Corr
0.82	RYHOX	Nasdaq 100 Fund	Pair Corr
0.8	RYCCX	Nasdaq 100 2x	Pair Corr
0.76	RYCOX	Nasdaq 100 Fund	Pair Corr
0.71	RYCMX	Russell 2000 15x	Pair Corr
0.68	RYEUX	Europe 125x Strategy	Pair Corr
0.62	RYIEX	Emerging Markets Bond	Pair Corr
0.55	RYFIX	Financial Services	Pair Corr
0.48	RYIIX	Internet Fund Investor	Pair Corr
0.4	RYEIX	Energy Fund Investor	Pair Corr

Related Correlations Analysis

	CYBAX	IPIMX	MZHIX	CAYCX	AHYMX	SCFFX	JYHRX	ACHFX
CYBAX		0.99	0.96	0.38	0.83	0.93	0.93	0.99	CYBAX
IPIMX	0.99		0.95	0.36	0.8	0.92	0.92	0.99	IPIMX
MZHIX	0.96	0.95		0.44	0.83	0.98	0.96	0.93	MZHIX
CAYCX	0.38	0.36	0.44		0.59	0.54	0.46	0.36	CAYCX
AHYMX	0.83	0.8	0.83	0.59		0.86	0.87	0.82	AHYMX
SCFFX	0.93	0.92	0.98	0.54	0.86		0.96	0.9	SCFFX
JYHRX	0.93	0.92	0.96	0.46	0.87	0.96		0.91	JYHRX
ACHFX	0.99	0.99	0.93	0.36	0.82	0.9	0.91		ACHFX
	CYBAX	IPIMX	MZHIX	CAYCX	AHYMX	SCFFX	JYHRX	ACHFX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Sp 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 Inverse Sp'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
CYBAX	0.11	0.01	(0.24)	0.10	0.00	(0.13)	0.32	(0.20)	0.80
IPIMX	0.13	0.01	(0.17)	0.11	0.00	(0.20)	0.45	(0.23)	0.91
MZHIX	0.12	0.00	(0.17)	0.05	0.07	(0.17)	0.25	(0.25)	0.63
CAYCX	0.09	0.02	(0.19)	2.96	0.00	(0.15)	0.21	(0.10)	0.73
AHYMX	0.08	0.00	(0.36)	0.38	0.00	(0.17)	0.22	(0.11)	0.67
SCFFX	0.08	0.00	(0.22)	0.06	0.00	(0.12)	0.20	(0.10)	0.41
JYHRX	0.09	0.00	(0.16)	0.07	0.00	(0.16)	0.15	(0.15)	0.91
ACHFX	0.12	0.01	(0.15)	0.12	0.00	(0.21)	0.35	(0.23)	1.04

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