Europe 125x Correlations

RYCEX Fund

USD 88.09 1.07 1.23%

The current 90-days correlation between Europe 125x Strategy and Mirova Global Green is 0.36 (i.e., Weak diversification). The correlation of Europe 125x 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.

Europe 125x Correlation With Market

Modest diversification

The correlation between Europe 125x Strategy and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europe 125x 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 Europe 125x 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 income.

Moving together with EUROPE Mutual Fund

1.0	RYAEX	Europe 125x Strategy	Pair Corr
0.62	RYANX	Nova Fund Class	Pair Corr
0.69	RYAWX	Sp 500 Pure	Pair Corr

Moving against EUROPE Mutual Fund

0.31	RYAZX	Sp Smallcap 600	Pair Corr
0.33	RYCNX	Transportation Fund Class	Pair Corr

Related Correlations Analysis

	MGGNX	RGELX	MSTGX	GMADX	RPGIX	EQTYX	PRSAX	LBORX
MGGNX		0.68	0.51	0.37	0.37	0.69	0.85	0.79	MGGNX
RGELX	0.68		0.7	0.61	0.72	0.91	0.71	0.71	RGELX
MSTGX	0.51	0.7		0.84	0.72	0.87	0.82	0.68	MSTGX
GMADX	0.37	0.61	0.84		0.78	0.72	0.63	0.45	GMADX
RPGIX	0.37	0.72	0.72	0.78		0.76	0.58	0.49	RPGIX
EQTYX	0.69	0.91	0.87	0.72	0.76		0.84	0.84	EQTYX
PRSAX	0.85	0.71	0.82	0.63	0.58	0.84		0.84	PRSAX
LBORX	0.79	0.71	0.68	0.45	0.49	0.84	0.84		LBORX
	MGGNX	RGELX	MSTGX	GMADX	RPGIX	EQTYX	PRSAX	LBORX

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Risk-Adjusted Indicators

There is a big difference between EUROPE Mutual Fund performing well and Europe 125x 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 Europe 125x'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
MGGNX	0.19	0.01	0.00	0.10	0.15	(0.27)	0.35	(0.35)	1.05
RGELX	0.56	(0.02)	0.00	0.15	0.00	0.00	1.01	(1.76)	3.57
MSTGX	0.26	0.05	0.09	(5.09)	0.26	(0.32)	0.64	(0.42)	1.93
GMADX	0.61	0.06	0.04	0.12	1.23	(0.61)	1.00	(1.03)	11.02
RPGIX	0.67	0.01	0.01	0.02	0.89	(0.79)	1.49	(1.46)	4.29
EQTYX	0.45	0.02	0.01	(0.98)	0.62	(0.51)	0.79	(0.87)	3.16
PRSAX	0.18	0.01	0.04	0.58	0.03	(0.28)	0.41	(0.30)	1.21
LBORX	0.34	(0.01)	(0.02)	(0.04)	0.37	(0.46)	0.85	(0.62)	1.93

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