Inverse Dow Correlations

RYCZX Fund

USD 114.22 0.81 0.70%

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

Good diversification

The correlation between Inverse Dow 2x and DJI is -0.01 (i.e., Good diversification) 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 nation.

Moving together with Inverse Mutual Fund

1.0	RYAIX	Inverse Nasdaq 100 Steady Growth	Pair Corr
1.0	RYALX	Inverse Nasdaq 100 Steady Growth	Pair Corr
1.0	RYAFX	Inverse Russell 2000 Steady Growth	Pair Corr
1.0	RYAPX	Inverse Nasdaq 100 Steady Growth	Pair Corr
1.0	RYCGX	Government Long Bond Steady Growth	Pair Corr
1.0	RYCBX	Inverse Sp 500 Steady Growth	Pair Corr
0.99	RYCAX	Consumer Products Trending	Pair Corr
1.0	RYCDX	Rydex Inverse Nasdaq Steady Growth	Pair Corr

Moving against Inverse Mutual Fund

0.36	RYAZX	Sp Smallcap 600	Pair Corr
0.31	RYAKX	Russell 2000 15x	Pair Corr
0.37	RYCNX	Transportation Fund Class	Pair Corr
0.32	RYCMX	Russell 2000 15x	Pair Corr

Related Correlations Analysis

	PCNBX	FCSKX	VAADX	FCVSX	GCV	NCIDX	GACCX	ARBOX
PCNBX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PCNBX
FCSKX	0.0		0.8	0.9	0.57	0.68	0.73	0.62	FCSKX
VAADX	0.0	0.8		0.62	0.66	0.96	0.71	0.55	VAADX
FCVSX	0.0	0.9	0.62		0.38	0.44	0.5	0.38	FCVSX
GCV	0.0	0.57	0.66	0.38		0.7	0.83	0.68	GCV
NCIDX	0.0	0.68	0.96	0.44	0.7		0.73	0.59	NCIDX
GACCX	0.0	0.73	0.71	0.5	0.83	0.73		0.86	GACCX
ARBOX	0.0	0.62	0.55	0.38	0.68	0.59	0.86		ARBOX
	PCNBX	FCSKX	VAADX	FCVSX	GCV	NCIDX	GACCX	ARBOX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NCIDX	+ 0.96	VAADX
FCVSX	+ 0.9	FCSKX
ARBOX	+ 0.86	GACCX
GACCX	+ 0.83	GCV
VAADX	+ 0.8	FCSKX
GACCX	+ 0.73	FCSKX

High negative correlations

ARBOX	- 0.0	PCNBX
GACCX	- 0.0	PCNBX
NCIDX	- 0.0	PCNBX
GCV	- 0.0	PCNBX
FCVSX	- 0.0	PCNBX
VAADX	- 0.0	PCNBX

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
PCNBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCSKX	0.47	(0.04)	0.00	(0.09)	0.00	0.00	0.76	(0.90)	3.46
VAADX	0.59	0.01	0.01	0.18	0.82	(0.58)	1.13	(1.21)	3.84
FCVSX	0.67	(0.09)	0.00	(0.21)	0.00	0.00	0.99	(1.51)	5.06
GCV	0.92	0.05	0.04	0.09	1.11	(1.02)	1.83	(1.55)	5.96
NCIDX	0.49	0.01	0.01	0.34	0.65	(0.50)	0.90	(0.86)	3.13
GACCX	0.49	0.05	0.06	0.11	0.61	(0.52)	1.15	(0.93)	3.13
ARBOX	0.06	0.00	0.00	(0.22)	0.00	0.00	0.09	(0.09)	1.33

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