Rydex Sers Correlations

RYILX Fund  USD 48.63  0.10  0.21%   
The current 90-days correlation between Rydex Sers Fds and Basic Materials Fund is 0.07 (i.e., Significant diversification). The correlation of Rydex Sers 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.

Rydex Sers Correlation With Market

Good diversification

The correlation between Rydex Sers Fds and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rydex Sers Fds 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 Rydex Sers Fds. 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 bureau of economic analysis.

Moving against Rydex Mutual Fund

  0.87RYABX Government Long BondPairCorr
  0.63RYAEX Europe 125x StrategyPairCorr
  0.61RYCEX Europe 125x StrategyPairCorr
  0.48RYAUX Utilities Fund ClassPairCorr
  0.45RYCFX Biotechnology Fund ClassPairCorr
  0.41RYBOX Biotechnology Fund ClassPairCorr
  0.4RYBMX Basic MaterialsPairCorr
  0.4RYBIX Basic MaterialsPairCorr
  0.39RYBCX Basic MaterialsPairCorr
  0.39RYBAX Basic MaterialsPairCorr
  0.36RYALX Inverse Nasdaq 100PairCorr
  0.36RYAPX Inverse Nasdaq 100PairCorr
  0.35RYBHX Sp Midcap 400PairCorr
  0.34RYAGX Inverse Mid Cap Steady GrowthPairCorr
  0.33RYACX Inverse Nasdaq 100PairCorr
  0.31RYAIX Inverse Nasdaq 100PairCorr
  0.9RYCGX Government Long BondPairCorr
  0.9RYGBX Government Long BondPairCorr
  0.67RYCRX Real Estate FundPairCorr
  0.65RYFTX Emerging Markets BondPairCorr
  0.63RYEUX Europe 125x StrategyPairCorr
  0.62RYCIX Consumer ProductsPairCorr
  0.59RYCAX Consumer ProductsPairCorr
  0.55RYCPX Consumer ProductsPairCorr

Related Correlations Analysis

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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   
RYBAXRYBCX
RYBMXRYBCX
RYBIXRYBCX
RYBMXRYBAX
RYBIXRYBAX
RYBIXRYBMX
  
High negative correlations   
RYABXRYBKX
RYAIXRYBKX
RYACXRYBKX

Risk-Adjusted Indicators

There is a big difference between Rydex Mutual Fund performing well and Rydex Sers 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 Rydex Sers' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RYBCX  1.41 (0.32) 0.00 (0.26) 0.00 
 1.68 
 33.38 
RYBAX  1.32 (0.30) 0.00 (0.25) 0.00 
 1.68 
 29.01 
RYBKX  1.09  0.00  0.02  0.03  1.39 
 2.40 
 14.68 
RYBMX  1.30 (0.29) 0.00 (0.25) 0.00 
 1.67 
 28.12 
RYBHX  1.39 (0.21) 0.00 (0.14) 0.00 
 1.76 
 29.80 
RYBIX  1.25 (0.28) 0.00 (0.24) 0.00 
 1.68 
 26.03 
RYBOX  1.62 (0.32) 0.00 (0.21) 0.00 
 1.52 
 33.76 
RYABX  0.83 (0.20) 0.00  4.15  0.00 
 1.55 
 5.15 
RYACX  0.83 (0.23) 0.00 (17.72) 0.00 
 1.59 
 9.08 
RYAIX  0.79 (0.20) 0.00 (67.30) 0.00 
 1.61 
 7.35