Nasdaq-100(r) Correlations

Mutual Funds . USA . 
Fund . Nasdaq 100 2x Strategy
RYCCX Fund  USD 352.01  3.75  1.08%   
The current 90-days correlation between Nasdaq 100 2x and Ffcdax is -0.05 (i.e., Good diversification). 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

Poor diversification

The correlation between Nasdaq 100 2x Strategy 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 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 main economic indicators.

Moving together with Nasdaq-100(r) Mutual Fund

  0.81RYBKX Banking Fund ClassPairCorr
  0.86RYBHX Sp Midcap 400PairCorr
  0.95RYAKX Russell 2000 15xPairCorr
  0.91RYAHX Mid Cap 15xPairCorr
  1.0RYATX Nasdaq 100 FundPairCorr
  0.97RYANX Nova Fund ClassPairCorr
  0.88RYAZX Sp Smallcap 600PairCorr
  0.93RYAWX Sp 500 PurePairCorr
  0.84RYAVX Sp Midcap 400PairCorr
  0.78RYDHX Dow Jones IndustrialPairCorr
  0.91RYDCX Mid Cap 15xPairCorr
  0.79RYDKX Dow Jones IndustrialPairCorr
  0.98RYCHX Technology Fund ClassPairCorr
  0.93RYCNX Transportation Fund ClassPairCorr
  0.95RYCMX Russell 2000 15xPairCorr

Moving against Nasdaq-100(r) Mutual Fund

  1.0RYACX Inverse Nasdaq 100PairCorr
  1.0RYAIX Inverse Nasdaq 100PairCorr
  1.0RYALX Inverse Nasdaq 100PairCorr
  1.0RYAPX Inverse Nasdaq 100PairCorr
  0.98RYARX Inverse Sp 500PairCorr
  0.95RYAFX Inverse Russell 2000PairCorr
  0.74RYAGX Inverse Mid Cap Potential GrowthPairCorr
  0.56RYAEX Europe 125x Strategy Potential GrowthPairCorr
  0.55RYABX Government Long BondPairCorr
  1.0RYCDX Rydex Inverse NasdaqPairCorr
  0.97RYCBX Inverse Sp 500PairCorr
  0.95RYCQX Inverse Russell 2000 Potential GrowthPairCorr
  0.81RYCWX Inverse Dow 2xPairCorr
  0.77RYCZX Inverse Dow 2xPairCorr
  0.71RYCLX Inverse Mid Cap Potential GrowthPairCorr
  0.55RYCEX Europe 125x StrategyPairCorr
  0.52RYCGX Government Long BondPairCorr
  0.52RYGBX Government Long BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY