Inverse Dow Correlations

RYCWX Fund

USD 146.70 0.08 0.05%

The current 90-days correlation between Inverse Dow 2x and Aqr Risk Balanced Modities is -0.19 (i.e., Good diversification). The correlation of Inverse Dow 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 Dow Correlation With Market

Pay attention - limited upside

The correlation between Inverse Dow 2x and DJI is -0.86 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Dow 2x 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 Dow 2x. 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 housing.

Moving together with Inverse Mutual Fund

0.82	RYACX	Inverse Nasdaq 100	Pair Corr
0.82	RYAIX	Inverse Nasdaq 100	Pair Corr
0.82	RYALX	Inverse Nasdaq 100	Pair Corr
0.78	RYAFX	Inverse Russell 2000	Pair Corr
0.89	RYARX	Inverse Sp 500	Pair Corr
0.82	RYAPX	Inverse Nasdaq 100	Pair Corr
0.92	RYCBX	Inverse Sp 500	Pair Corr
0.84	RYCDX	Rydex Inverse Nasdaq	Pair Corr

Moving against Inverse Mutual Fund

0.96	RYBKX	Banking Fund Class	Pair Corr
0.85	RYAHX	Mid Cap 15x	Pair Corr
0.8	RYAKX	Russell 2000 15x	Pair Corr
0.63	RYBHX	Sp Midcap 400	Pair Corr
0.43	RYBAX	Basic Materials	Pair Corr
0.43	RYBMX	Basic Materials	Pair Corr
0.41	RYBCX	Basic Materials	Pair Corr
0.41	RYBIX	Basic Materials	Pair Corr
0.32	RYBOX	Biotechnology Fund Class	Pair Corr
1.0	RYDHX	Dow Jones Industrial	Pair Corr
1.0	RYDKX	Dow Jones Industrial	Pair Corr
0.92	RYAWX	Sp 500 Pure	Pair Corr
0.91	RYANX	Nova Fund Class	Pair Corr
0.86	RYAVX	Sp Midcap 400	Pair Corr
0.84	RYDCX	Mid Cap 15x	Pair Corr
0.75	RYATX	Nasdaq 100 Fund	Pair Corr
0.69	RYAZX	Sp Smallcap 600	Pair Corr
0.52	RYECX	Energy Fund Class	Pair Corr
0.51	RYEAX	Energy Fund Class	Pair Corr
1.0	RYCVX	Dow 2x Strategy	Pair Corr
1.0	RYCYX	Dow 2x Strategy	Pair Corr
0.85	RYCHX	Technology Fund Class	Pair Corr
0.81	RYCCX	Nasdaq 100 2x	Pair Corr
0.79	RYCMX	Russell 2000 15x	Pair Corr
0.73	RYCOX	Nasdaq 100 Fund	Pair Corr
0.7	RYCNX	Transportation Fund Class	Pair Corr
0.58	RYCKX	Sp Midcap 400	Pair Corr

Related Correlations Analysis

	ARCIX	CWFIX	GUCPX	TAHFX	ARTFX	PHDTX	PBBIX
ARCIX		0.83	0.58	0.75	0.78	0.76	0.67	ARCIX
CWFIX	0.83		0.89	0.83	0.93	0.97	0.89	CWFIX
GUCPX	0.58	0.89		0.63	0.79	0.85	0.77	GUCPX
TAHFX	0.75	0.83	0.63		0.91	0.86	0.9	TAHFX
ARTFX	0.78	0.93	0.79	0.91		0.94	0.97	ARTFX
PHDTX	0.76	0.97	0.85	0.86	0.94		0.95	PHDTX
PBBIX	0.67	0.89	0.77	0.9	0.97	0.95		PBBIX
	ARCIX	CWFIX	GUCPX	TAHFX	ARTFX	PHDTX	PBBIX

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Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Dow 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 Dow'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
ARCIX	0.57	0.11	0.20	0.59	0.66	(0.61)	1.22	(1.24)	4.94
CWFIX	0.08	0.01	0.62	(0.89)	0.00	(0.12)	0.11	(0.11)	0.53
GUCPX	0.17	0.02	0.51	(0.44)	0.00	(0.21)	0.40	(0.30)	1.09
TAHFX	0.16	0.00	0.25	(0.09)	0.19	(0.22)	0.49	(0.25)	1.24
ARTFX	0.13	(0.01)	0.35	0.12	0.12	(0.20)	0.44	(0.22)	0.89
PHDTX	0.11	0.00	0.32	(0.17)	0.10	(0.15)	0.22	(0.23)	0.79
PBBIX	0.17	(0.02)	0.00	0.30	0.00	0.00	0.50	(0.29)	1.19

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