Nasdaq-100(r) Correlations

RYVLX Fund

USD 566.96 2.77 0.49%

The current 90-days correlation between Nasdaq 100 2x and Nasdaq 100 2x Strategy is 1.0 (i.e., No risk reduction). The correlation of Nasdaq-100(r) 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(r) Correlation With Market

Modest diversification

The correlation between Nasdaq 100 2x Strategy and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 2x 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 Nasdaq 100 2x 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 bureau of economic analysis.

Moving together with Nasdaq-100(r) Mutual Fund

0.71	RYAKX	Russell 2000 15x	Pair Corr
0.69	RYAHX	Mid Cap 15x	Pair Corr
0.66	RYATX	Nasdaq 100 Fund	Pair Corr
0.74	RYANX	Nova Fund Class	Pair Corr
0.78	RYAZX	Sp Smallcap 600	Pair Corr
0.73	RYAWX	Sp 500 Pure	Pair Corr
0.68	RYDHX	Dow Jones Industrial	Pair Corr
0.69	RYDCX	Mid Cap 15x	Pair Corr
0.67	RYDKX	Dow Jones Industrial	Pair Corr
0.73	RYCHX	Technology Fund Class	Pair Corr
0.97	RYCCX	Nasdaq 100 2x	Pair Corr
0.63	RYCNX	Transportation Fund Class	Pair Corr
0.71	RYCMX	Russell 2000 15x	Pair Corr

Moving against Nasdaq-100(r) Mutual Fund

0.79	RYAIX	Inverse Nasdaq 100	Pair Corr
0.73	RYARX	Inverse Sp 500	Pair Corr
0.7	RYAFX	Inverse Russell 2000	Pair Corr
0.57	RYALX	Inverse Nasdaq 100	Pair Corr
0.56	RYAPX	Inverse Nasdaq 100	Pair Corr
0.51	RYACX	Inverse Nasdaq 100	Pair Corr
0.42	RYAQX	Inverse Government Long	Pair Corr
0.73	RYCBX	Inverse Sp 500	Pair Corr
0.7	RYCQX	Inverse Russell 2000	Pair Corr
0.62	RYCWX	Inverse Dow 2x	Pair Corr
0.51	RYCDX	Rydex Inverse Nasdaq Steady Growth	Pair Corr

Related Correlations Analysis

	RYCCX	DXQLX	UOPSX	RYVYX	RYLDX
RYCCX		0.33	0.63	0.96	0.77	RYCCX
DXQLX	0.33		0.76	0.5	0.03	DXQLX
UOPSX	0.63	0.76		0.81	0.24	UOPSX
RYVYX	0.96	0.5	0.81		0.65	RYVYX
RYLDX	0.77	0.03	0.24	0.65		RYLDX
	RYCCX	DXQLX	UOPSX	RYVYX	RYLDX

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Risk-Adjusted Indicators

There is a big difference between Nasdaq-100(r) Mutual Fund performing well and Nasdaq-100(r) 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(r)'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
RYCCX	1.94	0.05	0.01	0.14	2.84	(1.99)	3.32	(4.84)	13.87
DXQLX	1.58	0.23	0.06	(0.97)	1.99	(1.72)	3.14	(4.08)	10.80
UOPSX	1.82	0.17	0.06	0.31	2.28	(1.99)	3.31	(3.61)	12.66
RYVYX	1.91	0.10	0.02	0.25	2.63	(1.99)	3.33	(4.83)	12.68
RYLDX	1.28	0.10	0.06	0.18	1.45	(1.49)	2.30	(1.97)	12.35

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