Inverse High Correlations

RYIHX Fund

USD 49.05 0.07 0.14%

The correlation of Inverse High 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 High Correlation With Market

Very good diversification

The correlation between Inverse High Yield and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse High Yield 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 High Yield. 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 rate.

Moving together with Inverse Mutual Fund

0.87

RYAQX

Inverse Government Long

Pair Corr

Moving against Inverse Mutual Fund

0.86	RYABX	Government Long Bond	Pair Corr
0.69	RYAEX	Europe 125x Strategy	Pair Corr
0.67	RYCEX	Europe 125x Strategy	Pair Corr
0.47	RYCFX	Biotechnology Fund Class	Pair Corr
0.4	RYBOX	Biotechnology Fund Class	Pair Corr
0.35	RYACX	Inverse Nasdaq 100	Pair Corr
0.35	RYAIX	Inverse Nasdaq 100	Pair Corr
0.35	RYALX	Inverse Nasdaq 100	Pair Corr
0.35	RYAPX	Inverse Nasdaq 100	Pair Corr
0.34	RYARX	Inverse Sp 500	Pair Corr
0.32	RYAGX	Inverse Mid Cap	Pair Corr
0.31	RYAFX	Inverse Russell 2000	Pair Corr
0.96	RYFTX	Emerging Markets Bond	Pair Corr
0.86	RYCGX	Government Long Bond	Pair Corr
0.86	RYGBX	Government Long Bond	Pair Corr
0.81	RYCPX	Consumer Products	Pair Corr
0.76	RYCAX	Consumer Products	Pair Corr
0.75	RYCIX	Consumer Products	Pair Corr
0.69	RYEUX	Europe 125x Strategy	Pair Corr
0.6	RYCRX	Real Estate Fund	Pair Corr

Related Correlations Analysis

	HUMXX	FISAX	SMAAX	RYAQX	SNGYX	SIGVX	DIPXX
HUMXX		0.0	0.0	0.0	0.0	0.0	0.0	HUMXX
FISAX	0.0		0.6	-0.61	0.67	-0.06	-0.39	FISAX
SMAAX	0.0	0.6		-0.79	0.8	-0.25	-0.46	SMAAX
RYAQX	0.0	-0.61	-0.79		-0.95	0.64	0.79	RYAQX
SNGYX	0.0	0.67	0.8	-0.95		-0.58	-0.79	SNGYX
SIGVX	0.0	-0.06	-0.25	0.64	-0.58		0.67	SIGVX
DIPXX	0.0	-0.39	-0.46	0.79	-0.79	0.67		DIPXX
	HUMXX	FISAX	SMAAX	RYAQX	SNGYX	SIGVX	DIPXX

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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

SNGYX	+ 0.8	SMAAX
DIPXX	+ 0.79	RYAQX
SNGYX	+ 0.67	FISAX
DIPXX	+ 0.67	SIGVX
SIGVX	+ 0.64	RYAQX
SMAAX	+ 0.6	FISAX

High negative correlations

SNGYX	- 0.95	RYAQX
DIPXX	- 0.79	SNGYX
RYAQX	- 0.79	SMAAX
RYAQX	- 0.61	FISAX
SIGVX	- 0.58	SNGYX
DIPXX	- 0.46	SMAAX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse High 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 High'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
HUMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FISAX	0.06	(0.01)	0.00	0.47	0.00	0.00	0.13	(0.13)	0.66
SMAAX	0.12	(0.01)	(0.41)	(0.15)	0.18	(0.17)	0.20	(0.30)	0.99
RYAQX	0.60	0.12	0.00	(1.26)	0.59	(0.71)	1.52	(1.17)	5.23
SNGYX	0.16	(0.03)	0.00	9.37	0.00	0.00	0.29	(0.29)	0.96
SIGVX	0.04	0.00	(0.91)	0.00	0.00	(0.15)	0.10	(0.10)	0.51
DIPXX	0.03	0.01	0.00	(2.12)	0.00	0.00	0.00	0.00	1.01

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