Russell 2000 Correlations
RYMKX Fund | USD 64.08 0.49 0.77% |
The current 90-days correlation between Russell 2000 15x and Gmo High Yield is 0.14 (i.e., Average diversification). The correlation of Russell 2000 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.
Russell 2000 Correlation With Market
Significant diversification
The correlation between Russell 2000 15x and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Russell 2000 15x and DJI in the same portfolio, assuming nothing else is changed.
Russell |
Moving together with Russell Mutual Fund
0.89 | RYVYX | Nasdaq 100 2x | PairCorr |
0.89 | RYVLX | Nasdaq 100 2x | PairCorr |
0.89 | RYCCX | Nasdaq 100 2x | PairCorr |
0.89 | UOPIX | Ultra Nasdaq 100 | PairCorr |
0.89 | UOPSX | Ultranasdaq 100 Profund | PairCorr |
0.89 | RMQHX | Monthly Rebalance | PairCorr |
0.89 | RMQAX | Monthly Rebalance | PairCorr |
0.89 | RMQCX | Monthly Rebalance | PairCorr |
0.9 | DXQLX | Direxion Monthly Nasdaq | PairCorr |
0.93 | INPSX | Internet Ultrasector | PairCorr |
0.91 | KSOCX | Kinetics Small Cap | PairCorr |
0.85 | KMKCX | Kinetics Market Oppo | PairCorr |
0.91 | WWNPX | Kinetics Paradigm | PairCorr |
0.9 | LSHUX | Horizon Spin Off | PairCorr |
0.91 | KNPAX | Kinetics Paradigm | PairCorr |
0.91 | KNPYX | Kinetics Paradigm | PairCorr |
0.85 | KSCYX | Kinetics Small Cap | PairCorr |
0.91 | KSCOX | Kinetics Small Cap | PairCorr |
0.91 | KNPCX | Kinetics Paradigm | PairCorr |
0.69 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.79 | DIS | Walt Disney | PairCorr |
0.8 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.75 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.84 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.86 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Russell Mutual Fund
0.74 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
0.73 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
0.36 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
0.91 | 0.91 | 0.87 | 0.92 | 0.85 | GMOZX | ||
0.91 | 0.95 | 0.98 | 0.97 | 0.89 | ACHFX | ||
0.91 | 0.95 | 0.88 | 0.95 | 0.89 | CYBAX | ||
0.87 | 0.98 | 0.88 | 0.94 | 0.86 | FHYLX | ||
0.92 | 0.97 | 0.95 | 0.94 | 0.91 | PYICX | ||
0.85 | 0.89 | 0.89 | 0.86 | 0.91 | VWEHX | ||
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Risk-Adjusted Indicators
There is a big difference between Russell Mutual Fund performing well and Russell 2000 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 Russell 2000'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GMOZX | 0.13 | 0.01 | (0.52) | 0.22 | 0.00 | 0.28 | 0.72 | |||
ACHFX | 0.11 | 0.01 | (0.67) | 0.23 | 0.00 | 0.23 | 0.81 | |||
CYBAX | 0.09 | 0.00 | (0.93) | 0.19 | 0.00 | 0.20 | 0.68 | |||
FHYLX | 0.13 | 0.00 | (0.53) | 0.17 | 0.00 | 0.31 | 0.78 | |||
PYICX | 0.10 | 0.00 | (0.73) | 0.15 | 0.00 | 0.22 | 0.67 | |||
VWEHX | 0.09 | 0.00 | (0.57) | 0.16 | 0.00 | 0.18 | 0.73 |