Inverse Nasdaq-100 Correlations

RYAPX Fund

USD 144.62 2.65 1.87%

The current 90-days correlation between Inverse Nasdaq 100 and Alphacentric Lifesci Healthcare is 0.04 (i.e., Significant diversification). The correlation of Inverse Nasdaq-100 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 Nasdaq-100 Correlation With Market

Excellent diversification

The correlation between Inverse Nasdaq 100 Strategy and DJI is -0.7 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Nasdaq 100 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 Nasdaq 100 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 american community survey.

Moving together with Inverse Mutual Fund

0.93	RYACX	Inverse Nasdaq 100	Pair Corr
1.0	RYALX	Inverse Nasdaq 100	Pair Corr
0.94	RYCLX	Inverse Mid Cap	Pair Corr
0.93	PSTIX	Stocksplus Tr Short	Pair Corr
0.99	PBRIX	Federated Prudent Bear	Pair Corr
0.99	BEARX	Federated Prudent Bear	Pair Corr
0.99	PBRCX	Federated Prudent Bear	Pair Corr
0.99	PSSCX	Pimco Stocksplus	Pair Corr
0.99	PSSAX	Pimco Stocksplus	Pair Corr
0.99	PSNNX	Pimco Stocksplus Short	Pair Corr
0.95	GRZZX	Grizzly Short	Pair Corr
0.99	RYURX	Inverse Sp 500	Pair Corr
0.99	RYUCX	Inverse Sp 500	Pair Corr
0.87	GAAKX	Gmo Alternative Allo	Pair Corr
0.9	GAAGX	Gmo Alternative Allo	Pair Corr
0.68	GPBFX	Gmo E Plus	Pair Corr

Moving against Inverse Mutual Fund

1.0	RYATX	Nasdaq 100 Fund	Pair Corr
1.0	RYCOX	Nasdaq 100 Fund	Pair Corr
1.0	RYHOX	Nasdaq 100 Fund	Pair Corr
0.98	RYTTX	Sp 500 2x	Pair Corr
0.95	RYLGX	Sp 500 Pure	Pair Corr
0.93	RYWCX	Sp Smallcap 600	Pair Corr
0.88	RYSVX	Sp Smallcap 600	Pair Corr
0.79	RYESX	Energy Services	Pair Corr
0.56	RYAQX	Inverse Government Long	Pair Corr
0.49	RYENX	Energy Fund Class	Pair Corr
0.41	RYMAX	Telecommunications	Pair Corr
0.85	GPMFX	Guidepath Managed Futures	Pair Corr
0.52	PQTAX	Pimco Trends Managed	Pair Corr
0.52	PQTNX	Pimco Trends Managed	Pair Corr
0.52	PQTIX	Aa Pimco Tr	Pair Corr
0.4	PGLSX	Global Multi Strategy	Pair Corr

Related Correlations Analysis

	LYFCX	HCPIX	LOGSX	XXGRX	SHSAX	HIAHX	FHCCX	SUHIX
LYFCX		0.9	0.82	0.88	0.88	0.72	-0.21	0.91	LYFCX
HCPIX	0.9		0.76	0.79	0.94	0.71	-0.32	0.97	HCPIX
LOGSX	0.82	0.76		0.91	0.73	0.55	-0.03	0.75	LOGSX
XXGRX	0.88	0.79	0.91		0.79	0.66	-0.16	0.8	XXGRX
SHSAX	0.88	0.94	0.73	0.79		0.89	-0.18	0.99	SHSAX
HIAHX	0.72	0.71	0.55	0.66	0.89		0.05	0.85	HIAHX
FHCCX	-0.21	-0.32	-0.03	-0.16	-0.18	0.05		-0.21	FHCCX
SUHIX	0.91	0.97	0.75	0.8	0.99	0.85	-0.21		SUHIX
	LYFCX	HCPIX	LOGSX	XXGRX	SHSAX	HIAHX	FHCCX	SUHIX

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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

SUHIX	+ 0.99	SHSAX
SUHIX	+ 0.97	HCPIX
SHSAX	+ 0.94	HCPIX
SUHIX	+ 0.91	LYFCX
XXGRX	+ 0.91	LOGSX
HCPIX	+ 0.9	LYFCX

High negative correlations

FHCCX	- 0.32	HCPIX
SUHIX	- 0.21	FHCCX
FHCCX	- 0.21	LYFCX
FHCCX	- 0.18	SHSAX
FHCCX	- 0.16	XXGRX
FHCCX	- 0.03	LOGSX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Nasdaq-100 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 Nasdaq-100'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
LYFCX	0.62	0.01	0.01	(0.04)	0.74	(0.64)	1.17	(1.20)	3.17
HCPIX	0.98	0.12	0.11	0.15	0.93	(1.10)	1.88	(1.61)	5.22
LOGSX	0.69	(0.01)	0.00	0.10	0.00	0.00	1.18	(1.52)	3.69
XXGRX	0.78	(0.01)	(0.01)	0.04	0.91	(0.86)	1.51	(1.62)	4.62
SHSAX	0.63	0.05	0.07	0.08	0.62	(0.71)	1.33	(0.95)	3.73
HIAHX	0.69	0.01	0.02	0.02	0.76	(0.84)	1.39	(1.18)	4.43
FHCCX	1.01	(0.22)	0.00	(0.27)	0.00	0.00	1.46	(1.44)	15.50
SUHIX	0.65	0.05	0.07	0.08	0.65	(0.74)	1.29	(1.14)	3.73

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