Inverse Sp Correlations

RYUCX Fund

USD 17.92 0.07 0.39%

The current 90-days correlation between Inverse Sp 500 and The Gabelli Healthcare is -0.51 (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 -0.82 (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 main economic indicators.

Moving together with Inverse Mutual Fund

0.79	RYABX	Government Long Bond Steady Growth	Pair Corr
0.98	RYACX	Inverse Nasdaq 100	Pair Corr
0.98	RYAIX	Inverse Nasdaq 100	Pair Corr
0.98	RYALX	Inverse Nasdaq 100	Pair Corr
0.91	RYAFX	Inverse Russell 2000	Pair Corr
0.68	RYAEX	Europe 125x Strategy	Pair Corr
0.95	RYAGX	Inverse Mid Cap Potential Growth	Pair Corr
1.0	RYARX	Inverse Sp 500	Pair Corr
0.98	RYAPX	Inverse Nasdaq 100	Pair Corr
0.68	RYCEX	Europe 125x Strategy	Pair Corr
0.8	RYCGX	Government Long Bond	Pair Corr
1.0	RYCBX	Inverse Sp 500	Pair Corr
0.98	RYCDX	Rydex Inverse Nasdaq	Pair Corr

Moving against Inverse Mutual Fund

1.0	RYANX	Nova Fund Class	Pair Corr
0.98	RYATX	Nasdaq 100 Fund	Pair Corr
0.98	RYAWX	Sp 500 Pure	Pair Corr
0.96	RYDHX	Dow Jones Industrial	Pair Corr
0.94	RYAHX	Mid Cap 15x	Pair Corr
0.94	RYDCX	Mid Cap 15x	Pair Corr
0.93	RYBHX	Sp Midcap 400	Pair Corr
0.92	RYAVX	Sp Midcap 400	Pair Corr
0.9	RYAKX	Russell 2000 15x Steady Growth	Pair Corr
0.85	RYBKX	Banking Fund Class	Pair Corr
0.85	RYAZX	Sp Smallcap 600	Pair Corr
0.81	RYAQX	Inverse Government Long	Pair Corr
0.74	RYBAX	Basic Materials	Pair Corr
0.74	RYBMX	Basic Materials	Pair Corr
0.74	RYBIX	Basic Materials	Pair Corr
0.73	RYBCX	Basic Materials	Pair Corr
0.69	RYAUX	Utilities Fund Class	Pair Corr
1.0	RYCTX	Sp 500 2x	Pair Corr
0.98	RYCHX	Technology Fund Class	Pair Corr
0.98	RYCCX	Nasdaq 100 2x	Pair Corr
0.98	RYCOX	Nasdaq 100 Fund	Pair Corr
0.96	RYDKX	Dow Jones Industrial	Pair Corr
0.96	RYDAX	Dow Jones Industrial	Pair Corr
0.95	RYCVX	Dow 2x Strategy Steady Growth	Pair Corr
0.95	RYCYX	Dow 2x Strategy Steady Growth	Pair Corr
0.95	RYCSX	Telecommunications	Pair Corr
0.9	RYCNX	Transportation Fund Class	Pair Corr
0.9	RYCMX	Russell 2000 15x	Pair Corr
0.74	RYEAX	Energy Fund Class	Pair Corr
0.73	RYECX	Energy Fund Class	Pair Corr

Related Correlations Analysis

	XXGRX	AHSCX	THQ	DLHIX	BGHDX	HIAHX	BHSRX	SBHIX
XXGRX		0.55	0.73	0.94	0.8	0.97	0.96	0.81	XXGRX
AHSCX	0.55		0.35	0.57	0.55	0.51	0.6	0.69	AHSCX
THQ	0.73	0.35		0.81	0.83	0.81	0.79	0.4	THQ
DLHIX	0.94	0.57	0.81		0.9	0.97	0.97	0.8	DLHIX
BGHDX	0.8	0.55	0.83	0.9		0.84	0.85	0.64	BGHDX
HIAHX	0.97	0.51	0.81	0.97	0.84		0.98	0.77	HIAHX
BHSRX	0.96	0.6	0.79	0.97	0.85	0.98		0.84	BHSRX
SBHIX	0.81	0.69	0.4	0.8	0.64	0.77	0.84		SBHIX
	XXGRX	AHSCX	THQ	DLHIX	BGHDX	HIAHX	BHSRX	SBHIX

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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
XXGRX	0.62	(0.18)	0.00	(0.15)	0.00	0.00	1.01	(1.19)	2.74
AHSCX	0.57	(0.06)	(0.16)	0.00	0.75	(0.56)	0.82	(1.25)	4.55
THQ	0.82	(0.10)	0.00	(0.02)	0.00	0.00	1.41	(1.67)	5.19
DLHIX	0.64	(0.20)	0.00	(0.16)	0.00	0.00	0.99	(1.45)	4.38
BGHDX	0.81	(0.13)	0.00	(0.09)	0.00	0.00	1.34	(1.69)	6.08
HIAHX	0.64	(0.20)	0.00	(0.19)	0.00	0.00	0.91	(1.34)	3.83
BHSRX	0.59	(0.14)	0.00	(0.11)	0.00	0.00	0.91	(1.31)	3.39
SBHIX	0.62	(0.15)	0.00	(0.14)	0.00	0.00	1.00	(1.27)	4.23

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