Nasdaq-100 Fund Correlations

RYATX Fund

USD 69.41 1.46 2.15%

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

Poor diversification

The correlation between Nasdaq 100 Fund Class and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 Fund Class 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 Fund Class. 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 estimate.

Moving together with Nasdaq-100 Mutual Fund

0.83	RYBKX	Banking Fund Class	Pair Corr
0.84	RYBHX	Sp Midcap 400	Pair Corr
0.94	RYAKX	Russell 2000 15x	Pair Corr
0.91	RYAHX	Mid Cap 15x	Pair Corr
0.98	RYANX	Nova Fund Class	Pair Corr
0.86	RYAZX	Sp Smallcap 600	Pair Corr
0.95	RYAWX	Sp 500 Pure	Pair Corr
0.84	RYAVX	Sp Midcap 400	Pair Corr
0.8	RYDHX	Dow Jones Industrial	Pair Corr
0.91	RYDCX	Mid Cap 15x	Pair Corr
0.81	RYDKX	Dow Jones Industrial	Pair Corr
0.99	RYCHX	Technology Fund Class	Pair Corr
1.0	RYCCX	Nasdaq 100 2x	Pair Corr
0.91	RYCNX	Transportation Fund Class	Pair Corr
0.94	RYCMX	Russell 2000 15x	Pair Corr

Moving against Nasdaq-100 Mutual Fund

1.0	RYACX	Inverse Nasdaq 100	Pair Corr
1.0	RYAIX	Inverse Nasdaq 100	Pair Corr
1.0	RYALX	Inverse Nasdaq 100	Pair Corr
0.99	RYARX	Inverse Sp 500	Pair Corr
0.94	RYAFX	Inverse Russell 2000	Pair Corr
0.75	RYAGX	Inverse Mid Cap	Pair Corr
0.52	RYABX	Government Long Bond	Pair Corr
0.51	RYAEX	Europe 125x Strategy	Pair Corr
1.0	RYAPX	Inverse Nasdaq 100	Pair Corr
0.51	RYCEX	Europe 125x Strategy	Pair Corr
0.49	RYCGX	Government Long Bond	Pair Corr
1.0	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.98	RYCBX	Inverse Sp 500	Pair Corr
0.94	RYCQX	Inverse Russell 2000	Pair Corr
0.84	RYCWX	Inverse Dow 2x	Pair Corr
0.72	RYCLX	Inverse Mid Cap	Pair Corr
0.35	RYCAX	Consumer Products	Pair Corr

Related Correlations Analysis

	RYCOX	RYHOX	RYVLX	RYLDX	ASERX
RYCOX		1.0	1.0	0.83	0.98	RYCOX
RYHOX	1.0		1.0	0.84	0.98	RYHOX
RYVLX	1.0	1.0		0.82	0.98	RYVLX
RYLDX	0.83	0.84	0.82		0.79	RYLDX
ASERX	0.98	0.98	0.98	0.79		ASERX
	RYCOX	RYHOX	RYVLX	RYLDX	ASERX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Nasdaq-100 Mutual Fund performing well and Nasdaq-100 Fund 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 Fund'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RYCOX	1.09	(0.11)	(0.14)	1.66	(2.78)	6.16
RYHOX	1.09	(0.10)	(0.14)	1.67	(2.79)	6.12
RYVLX	2.18	(0.22)	(0.15)	3.33	(5.55)	12.22
RYLDX	1.41	(0.04)	(0.06)	2.81	(3.31)	7.38
ASERX	1.13	(0.17)	(0.17)	2.25	(2.58)	6.32

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC