Strengthening Dollar Correlations

RYSBX Fund

USD 63.13 0.15 0.24%

The current 90-days correlation between Strengthening Dollar and Hunter Small Cap is -0.3 (i.e., Very good diversification). The correlation of Strengthening Dollar 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.

Strengthening Dollar Correlation With Market

Good diversification

The correlation between Strengthening Dollar 2x and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strengthening Dollar 2x 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 Strengthening Dollar 2x. 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 labor statistics.

Moving together with Strengthening Mutual Fund

0.63	RYBKX	Banking Fund Class	Pair Corr
0.86	RYBHX	Sp Midcap 400	Pair Corr
0.82	RYAKX	Russell 2000 15x	Pair Corr
0.81	RYAHX	Mid Cap 15x	Pair Corr
0.73	RYAQX	Inverse Government Long	Pair Corr
0.75	RYATX	Nasdaq 100 Fund	Pair Corr
0.73	RYANX	Nova Fund Class	Pair Corr
0.86	RYAZX	Sp Smallcap 600	Pair Corr
0.75	RYAWX	Sp 500 Pure	Pair Corr
0.78	RYAVX	Sp Midcap 400	Pair Corr
0.82	RYDCX	Mid Cap 15x	Pair Corr
0.63	RYEAX	Energy Fund Class	Pair Corr
0.65	RYECX	Energy Fund Class	Pair Corr
0.74	RYCHX	Technology Fund Class	Pair Corr
0.77	RYCCX	Nasdaq 100 2x Steady Growth	Pair Corr
0.87	RYCNX	Transportation Fund Class	Pair Corr
0.84	RYCMX	Russell 2000 15x	Pair Corr

Moving against Strengthening Mutual Fund

0.86	RYAEX	Europe 125x Strategy Potential Growth	Pair Corr
0.86	RYCEX	Europe 125x Strategy Potential Growth	Pair Corr
0.84	RYAFX	Inverse Russell 2000 Potential Growth	Pair Corr
0.84	RYAGX	Inverse Mid Cap Potential Growth	Pair Corr
0.77	RYAIX	Inverse Nasdaq 100	Pair Corr
0.77	RYALX	Inverse Nasdaq 100	Pair Corr
0.77	RYAPX	Inverse Nasdaq 100	Pair Corr
0.74	RYABX	Government Long Bond	Pair Corr
0.73	RYARX	Inverse Sp 500	Pair Corr
0.6	RYACX	Inverse Nasdaq 100	Pair Corr
0.53	RYAUX	Utilities Fund Class	Pair Corr
0.34	RYBOX	Biotechnology Fund Class	Pair Corr
0.32	RYCFX	Biotechnology Fund Class	Pair Corr
0.86	RYEUX	Europe 125x Strategy Potential Growth	Pair Corr
0.85	RYCQX	Inverse Russell 2000 Potential Growth	Pair Corr
0.83	RYCLX	Inverse Mid Cap Potential Growth	Pair Corr
0.78	RYFTX	Emerging Markets Bond	Pair Corr
0.75	RYCGX	Government Long Bond	Pair Corr
0.75	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.74	RYGBX	Government Long Bond	Pair Corr
0.73	RYCBX	Inverse Sp 500	Pair Corr

Related Correlations Analysis

	HSCVX	OWSMX	LMBMX	PSBMX	ARTSX	QSERX	CIPNX	DFUKX
HSCVX		0.81	0.92	0.98	0.84	0.93	0.98	-0.22	HSCVX
OWSMX	0.81		0.7	0.77	0.66	0.73	0.8	0.23	OWSMX
LMBMX	0.92	0.7		0.94	0.88	0.99	0.92	-0.22	LMBMX
PSBMX	0.98	0.77	0.94		0.83	0.94	0.97	-0.31	PSBMX
ARTSX	0.84	0.66	0.88	0.83		0.89	0.84	-0.21	ARTSX
QSERX	0.93	0.73	0.99	0.94	0.89		0.92	-0.15	QSERX
CIPNX	0.98	0.8	0.92	0.97	0.84	0.92		-0.2	CIPNX
DFUKX	-0.22	0.23	-0.22	-0.31	-0.21	-0.15	-0.2		DFUKX
	HSCVX	OWSMX	LMBMX	PSBMX	ARTSX	QSERX	CIPNX	DFUKX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

QSERX	+ 0.99	LMBMX
PSBMX	+ 0.98	HSCVX
CIPNX	+ 0.98	HSCVX
CIPNX	+ 0.97	PSBMX
PSBMX	+ 0.94	LMBMX
QSERX	+ 0.94	PSBMX

High negative correlations

DFUKX	- 0.31	PSBMX
DFUKX	- 0.22	LMBMX
DFUKX	- 0.22	HSCVX
DFUKX	- 0.21	ARTSX
DFUKX	- 0.2	CIPNX
DFUKX	- 0.15	QSERX

Risk-Adjusted Indicators

There is a big difference between Strengthening Mutual Fund performing well and Strengthening Dollar 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 Strengthening Dollar'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
HSCVX	0.78	(0.08)	0.00	(0.09)	0.00	0.00	1.45	(1.75)	3.38
OWSMX	0.62	(0.01)	(0.01)	(0.01)	0.76	(0.67)	1.19	(1.33)	3.89
LMBMX	1.01	(0.12)	0.00	(1.91)	0.00	0.00	2.05	(2.43)	5.60
PSBMX	0.97	(0.11)	0.00	(0.10)	0.00	0.00	2.03	(2.19)	5.36
ARTSX	1.18	(0.13)	0.00	0.89	0.00	0.00	2.24	(3.17)	5.69
QSERX	0.99	(0.10)	0.00	(1.05)	0.00	0.00	2.35	(2.37)	5.43
CIPNX	0.88	(0.10)	0.00	(0.09)	0.00	0.00	1.52	(1.96)	4.80
DFUKX	0.81	0.01	0.01	(0.05)	1.18	(0.75)	2.13	(2.50)	6.05

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC