Europe 125x Correlations

RYCEX Fund

USD 89.28 0.54 0.60%

The current 90-days correlation between Europe 125x Strategy and Rmb Mendon Financial is 0.4 (i.e., Very 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

Significant diversification

The correlation between Europe 125x Strategy and DJI is 0.02 (i.e., Significant 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

0.64	RYBOX	Biotechnology Fund Class	Pair Corr
0.84	RYABX	Government Long Bond	Pair Corr
0.61	RYAFX	Inverse Russell 2000	Pair Corr
1.0	RYAEX	Europe 125x Strategy	Pair Corr
0.64	RYAGX	Inverse Mid Cap	Pair Corr
0.76	RYAUX	Utilities Fund Class	Pair Corr
0.62	RYCFX	Biotechnology Fund Class	Pair Corr
0.87	RYCGX	Government Long Bond	Pair Corr
0.7	RYCAX	Consumer Products	Pair Corr
0.62	RYCPX	Consumer Products	Pair Corr

Moving against Europe Mutual Fund

0.78	RYAQX	Inverse Government Long	Pair Corr
0.77	RYAZX	Sp Smallcap 600	Pair Corr
0.68	RYBHX	Sp Midcap 400	Pair Corr
0.59	RYAKX	Russell 2000 15x	Pair Corr
0.55	RYAVX	Sp Midcap 400	Pair Corr
0.54	RYDCX	Mid Cap 15x	Pair Corr
0.53	RYAHX	Mid Cap 15x	Pair Corr
0.47	RYECX	Energy Fund Class	Pair Corr
0.45	RYATX	Nasdaq 100 Fund	Pair Corr
0.45	RYANX	Nova Fund Class	Pair Corr
0.44	RYEAX	Energy Fund Class	Pair Corr
0.43	RYAWX	Sp 500 Pure	Pair Corr
0.76	RYCNX	Transportation Fund Class	Pair Corr
0.71	RYESX	Energy Services	Pair Corr
0.68	RYCKX	Sp Midcap 400	Pair Corr
0.63	RYELX	Electronics Fund Class	Pair Corr
0.6	RYCMX	Russell 2000 15x	Pair Corr
0.49	RYCCX	Nasdaq 100 2x	Pair Corr
0.48	RYCTX	Sp 500 2x	Pair Corr
0.46	RYCOX	Nasdaq 100 Fund	Pair Corr

Related Correlations Analysis

	RMBKX	FNPIX	GCFSX	XFINX	PGFMX	FIDAX	SBFAX	DVFYX
RMBKX		0.78	0.23	0.52	0.48	0.93	0.79	0.65	RMBKX
FNPIX	0.78		0.62	0.64	0.85	0.84	0.99	0.95	FNPIX
GCFSX	0.23	0.62		0.31	0.92	0.36	0.59	0.68	GCFSX
XFINX	0.52	0.64	0.31		0.46	0.56	0.69	0.59	XFINX
PGFMX	0.48	0.85	0.92	0.46		0.59	0.82	0.88	PGFMX
FIDAX	0.93	0.84	0.36	0.56	0.59		0.83	0.73	FIDAX
SBFAX	0.79	0.99	0.59	0.69	0.82	0.83		0.94	SBFAX
DVFYX	0.65	0.95	0.68	0.59	0.88	0.73	0.94		DVFYX
	RMBKX	FNPIX	GCFSX	XFINX	PGFMX	FIDAX	SBFAX	DVFYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
RMBKX	1.08	(0.07)	0.00	(3.16)	0.00	0.00	2.19	(2.09)	6.79
FNPIX	1.27	0.06	0.02	0.01	1.87	(1.25)	2.66	(3.48)	9.08
GCFSX	0.73	0.12	0.12	0.14	0.88	(0.81)	1.80	(1.39)	4.68
XFINX	0.14	(0.02)	0.00	0.36	0.00	0.00	0.28	(0.64)	1.27
PGFMX	0.37	0.02	0.08	0.01	0.43	(0.43)	0.85	(0.66)	2.21
FIDAX	0.84	0.00	0.03	0.00	1.34	(0.81)	2.02	(2.24)	6.35
SBFAX	0.79	0.01	0.00	(0.02)	0.00	0.00	1.69	(1.92)	5.22
DVFYX	0.85	0.07	0.05	0.03	1.27	(0.82)	1.65	(2.39)	6.47

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