Inverse Mid-cap Correlations

RYAGX Fund

USD 41.30 0.13 0.32%

The current 90-days correlation between Inverse Mid Cap and Us Government Securities is -0.11 (i.e., Good diversification). The correlation of Inverse Mid-cap 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 Mid-cap Correlation With Market

Pay attention - limited upside

The correlation between Inverse Mid Cap Strategy and DJI is -0.77 (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 Mid Cap 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 Inverse Mid Cap 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 price.

Moving together with Inverse Mutual Fund

0.86	RYACX	Inverse Nasdaq 100	Pair Corr
0.93	RYALX	Inverse Nasdaq 100	Pair Corr
0.65	RYCGX	Government Long Bond	Pair Corr
0.93	RYCBX	Inverse Sp 500	Pair Corr
0.92	RYCDX	Rydex Inverse Nasdaq	Pair Corr
1.0	RYCLX	Inverse Mid Cap Potential Growth	Pair Corr
0.65	RYGBX	Government Long Bond	Pair Corr
0.9	PSTIX	Stocksplus Tr Short	Pair Corr
0.95	PBRIX	Federated Prudent Bear	Pair Corr
0.95	BEARX	Federated Prudent Bear	Pair Corr
0.95	PBRCX	Federated Prudent Bear	Pair Corr
0.96	PSSCX	Pimco Stocksplus	Pair Corr
0.96	PSSAX	Pimco Stocksplus	Pair Corr
0.96	PSNNX	Pimco Stocksplus Short	Pair Corr
0.97	GRZZX	Grizzly Short	Pair Corr
0.88	RYURX	Inverse Sp 500	Pair Corr
0.95	RYUCX	Inverse Sp 500	Pair Corr

Moving against Inverse Mutual Fund

0.99	RYRUX	Russell 2000 2x	Pair Corr
0.98	RYWCX	Sp Smallcap 600	Pair Corr
0.96	RYSVX	Sp Smallcap 600	Pair Corr
0.94	RYLGX	Sp 500 Pure	Pair Corr
0.94	RYTTX	Sp 500 2x	Pair Corr
0.92	RYATX	Nasdaq 100 Fund	Pair Corr
0.92	RYCOX	Nasdaq 100 Fund	Pair Corr
0.92	RYHOX	Nasdaq 100 Fund	Pair Corr
0.92	RYVLX	Nasdaq 100 2x Steady Growth	Pair Corr
0.91	RYESX	Energy Services	Pair Corr
0.84	RYLDX	Dow 2x Strategy	Pair Corr
0.66	RYENX	Energy Fund Class	Pair Corr
0.62	RYAQX	Inverse Government Long	Pair Corr
0.84	CISGX	Touchstone Sands Capital	Pair Corr

Related Correlations Analysis

	RGVCX	MSTPX	TWACX	FCSCX	TIMTX	GANPX	LTXFX	USGDX
RGVCX		0.69	0.94	0.95	0.68	0.89	0.88	0.98	RGVCX
MSTPX	0.69		0.64	0.63	0.91	0.84	0.89	0.74	MSTPX
TWACX	0.94	0.64		0.97	0.6	0.9	0.85	0.89	TWACX
FCSCX	0.95	0.63	0.97		0.61	0.91	0.86	0.88	FCSCX
TIMTX	0.68	0.91	0.6	0.61		0.76	0.9	0.72	TIMTX
GANPX	0.89	0.84	0.9	0.91	0.76		0.95	0.87	GANPX
LTXFX	0.88	0.89	0.85	0.86	0.9	0.95		0.88	LTXFX
USGDX	0.98	0.74	0.89	0.88	0.72	0.87	0.88		USGDX
	RGVCX	MSTPX	TWACX	FCSCX	TIMTX	GANPX	LTXFX	USGDX

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Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Mid-cap 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 Mid-cap'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
RGVCX	0.25	0.02	0.05	1.47	0.23	(0.29)	0.51	(0.50)	1.38
MSTPX	0.14	(0.01)	0.00	0.56	0.00	0.00	0.20	(0.30)	0.91
TWACX	0.09	0.01	0.02	(0.16)	0.00	(0.14)	0.22	(0.11)	0.45
FCSCX	0.06	0.01	0.05	0.76	0.00	(0.18)	0.13	(0.13)	0.66
TIMTX	0.17	(0.02)	0.00	(1.79)	0.00	0.00	0.29	(0.38)	1.03
GANPX	0.06	0.00	(0.03)	0.06	0.00	(0.12)	0.10	(0.10)	0.48
LTXFX	0.10	0.00	(0.03)	(0.43)	0.12	(0.14)	0.26	(0.20)	0.65
USGDX	0.68	0.03	0.03	2.82	0.78	(0.78)	1.45	(1.45)	3.93

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