Inverse Russell Correlations

Mutual Funds . USA . 
Fund . Inverse Russell 2000
RYIUX Fund  USD 6.68  0.29  4.54%   
The current 90-days correlation between Inverse Russell 2000 and Old Westbury Fixed is -0.15 (i.e., Good diversification). The correlation of Inverse Russell 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 Russell Correlation With Market

Very good diversification

The correlation between Inverse Russell 2000 and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Russell 2000 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 Russell 2000. 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 Inverse Mutual Fund

  0.99RYAFX Inverse Russell 2000PairCorr
  0.88RYARX Inverse Sp 500PairCorr
  0.86RYCBX Inverse Sp 500PairCorr

Moving against Inverse Mutual Fund

  0.99RYAKX Russell 2000 15xPairCorr
  0.97RYAHX Mid Cap 15xPairCorr
  0.97RYAZX Sp Smallcap 600PairCorr
  0.97RYDCX Mid Cap 15xPairCorr
  0.95RYBKX Banking Fund ClassPairCorr
  0.91RYDHX Dow Jones IndustrialPairCorr
  0.9RYDKX Dow Jones IndustrialPairCorr
  0.85RYANX Nova Fund ClassPairCorr
  0.84RYAWX Sp 500 PurePairCorr
  0.82RYAVX Sp Midcap 400PairCorr
  0.77RYATX Nasdaq 100 FundPairCorr
  0.59RYBHX Sp Midcap 400PairCorr
  0.53RYEAX Energy Fund ClassPairCorr
  0.52RYECX Energy Fund ClassPairCorr
  0.41RYAUX Utilities Fund ClassPairCorr
  0.99RYCMX Russell 2000 15xPairCorr
  0.95RYCSX TelecommunicationsPairCorr
  0.95RYFNX Financial ServicesPairCorr
  0.95RYFIX Financial ServicesPairCorr
  0.91RYDAX Dow Jones IndustrialPairCorr
  0.89RYCHX Technology Fund ClassPairCorr
  0.89RYCVX Dow 2x StrategyPairCorr
  0.87RYCYX Dow 2x StrategyPairCorr
  0.87RYCTX Sp 500 2xPairCorr
  0.86RYCNX Transportation Fund ClassPairCorr

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   
FHYIX
+ 0.99
TBGAX
MDMTX
+ 0.98
TBGAX
FHYIX
+ 0.98
MDMTX
GHVIX
+ 0.94
ARTFX
GHVIX
+ 0.71
TBGAX
MDMTX
+ 0.71
GHVIX
  
High negative correlations   
MWCSX
- 0.18
ARTFX
GHVIX
- 0.17
MWCSX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Russell 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 Russell'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.

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