Europe 125x Correlations

RYEUX Fund

USD 113.87 0.68 0.59%

The current 90-days correlation between Europe 125x Strategy and Fidelity Real Estate is 0.52 (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

Very weak diversification

The correlation between Europe 125x Strategy and DJI is 0.45 (i.e., Very weak 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 employment.

Moving together with Europe Mutual Fund

0.86	RYABX	Government Long Bond	Pair Corr
0.67	RYAFX	Inverse Russell 2000	Pair Corr
1.0	RYAEX	Europe 125x Strategy	Pair Corr
0.78	RYAUX	Utilities Fund Class	Pair Corr
1.0	RYCEX	Europe 125x Strategy	Pair Corr
0.83	RYCGX	Government Long Bond	Pair Corr

Moving against Europe Mutual Fund

0.75	RYAZX	Sp Smallcap 600	Pair Corr
0.67	RYAQX	Inverse Government Long	Pair Corr
0.64	RYAKX	Russell 2000 15x	Pair Corr
0.57	RYBHX	Sp Midcap 400	Pair Corr
0.57	RYDCX	Mid Cap 15x	Pair Corr
0.56	RYAHX	Mid Cap 15x	Pair Corr
0.51	RYATX	Nasdaq 100 Fund	Pair Corr
0.47	RYAVX	Sp Midcap 400	Pair Corr
0.42	RYANX	Nova Fund Class	Pair Corr
0.39	RYAWX	Sp 500 Pure	Pair Corr
0.31	RYECX	Energy Fund Class	Pair Corr
0.75	RYCNX	Transportation Fund Class	Pair Corr
0.66	RYELX	Electronics Fund Class	Pair Corr
0.65	RYCMX	Russell 2000 15x	Pair Corr
0.61	RYESX	Energy Services	Pair Corr
0.55	RYCCX	Nasdaq 100 2x	Pair Corr
0.53	RYCKX	Sp Midcap 400	Pair Corr
0.51	RYCOX	Nasdaq 100 Fund	Pair Corr
0.47	RYCHX	Technology Fund Class	Pair Corr

Related Correlations Analysis

	FIKMX	PAREX	SAREX	REINX	RRSCX	DFREX	VGSIX	SEIRX
FIKMX		0.8	0.81	0.82	0.74	0.84	0.83	0.72	FIKMX
PAREX	0.8		0.96	0.96	0.92	0.96	0.95	0.95	PAREX
SAREX	0.81	0.96		0.99	0.95	1.0	0.99	0.98	SAREX
REINX	0.82	0.96	0.99		0.96	1.0	0.99	0.97	REINX
RRSCX	0.74	0.92	0.95	0.96		0.95	0.97	0.94	RRSCX
DFREX	0.84	0.96	1.0	1.0	0.95		0.99	0.97	DFREX
VGSIX	0.83	0.95	0.99	0.99	0.97	0.99		0.96	VGSIX
SEIRX	0.72	0.95	0.98	0.97	0.94	0.97	0.96		SEIRX
	FIKMX	PAREX	SAREX	REINX	RRSCX	DFREX	VGSIX	SEIRX

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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
FIKMX	0.26	0.03	0.20	0.08	0.30	(0.30)	0.59	(0.49)	1.36
PAREX	1.02	(0.08)	0.00	(0.19)	0.00	0.00	1.65	(2.30)	6.34
SAREX	0.92	(0.02)	0.00	(0.10)	0.00	0.00	1.64	(1.86)	4.54
REINX	0.90	(0.01)	0.00	(0.08)	0.00	0.00	1.61	(1.78)	4.62
RRSCX	0.75	(0.02)	0.00	(0.09)	0.00	0.00	1.56	(1.56)	4.16
DFREX	0.90	(0.01)	0.00	(0.08)	0.00	0.00	1.65	(1.87)	4.48
VGSIX	0.92	0.00	0.00	(0.07)	0.00	0.00	1.73	(1.97)	4.57
SEIRX	0.94	(0.04)	0.00	(0.12)	0.00	0.00	1.69	(2.42)	4.42

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