Strengthening Dollar Correlations

RYSDX Fund  USD 67.75  0.24  0.36%   
The current 90-days correlation between Strengthening Dollar and Basic Materials Fund is 0.12 (i.e., Average 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

Average diversification

The correlation between Strengthening Dollar 2x and DJI is 0.12 (i.e., Average 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 unemployment.

Moving together with Strengthening Mutual Fund

  0.81RYBKX Banking Fund ClassPairCorr
  0.66RYAKX Russell 2000 15xPairCorr
  0.65RYAHX Mid Cap 15xPairCorr
  0.78RYANX Nova Fund ClassPairCorr
  0.71RYAZX Sp Smallcap 600PairCorr
  0.83RYAWX Sp 500 PurePairCorr
  0.63RYDHX Dow Jones IndustrialPairCorr
  0.64RYDCX Mid Cap 15xPairCorr
  0.61RYDKX Dow Jones IndustrialPairCorr
  0.71RYCHX Technology Fund ClassPairCorr
  0.7RYCCX Nasdaq 100 2xPairCorr
  0.81RYCNX Transportation Fund ClassPairCorr
  0.66RYCMX Russell 2000 15xPairCorr

Moving against Strengthening Mutual Fund

  0.8RYABX Government Long BondPairCorr
  0.78RYAEX Europe 125x StrategyPairCorr
  0.77RYAFX Inverse Russell 2000 Steady GrowthPairCorr
  0.62RYAIX Inverse Nasdaq 100PairCorr
  0.61RYALX Inverse Nasdaq 100PairCorr
  0.61RYAPX Inverse Nasdaq 100PairCorr
  0.6RYARX Inverse Sp 500PairCorr
  0.59RYACX Inverse Nasdaq 100PairCorr
  0.58RYAGX Inverse Mid Cap Steady GrowthPairCorr
  0.39RYBOX Biotechnology Fund ClassPairCorr
  0.38RYCFX Biotechnology Fund ClassPairCorr
  0.37RYBMX Basic MaterialsPairCorr
  0.37RYBIX Basic MaterialsPairCorr
  0.36RYBCX Basic MaterialsPairCorr
  0.36RYBAX Basic MaterialsPairCorr
  0.8RYGBX Government Long BondPairCorr
  0.79RYCGX Government Long BondPairCorr
  0.76RYCQX Inverse Russell 2000 Steady GrowthPairCorr
  0.76RYCZX Inverse Dow 2xPairCorr
  0.74RYCEX Europe 125x StrategyPairCorr
  0.74RYCWX Inverse Dow 2xPairCorr
  0.73RYCBX Inverse Sp 500PairCorr
  0.69RYCDX Rydex Inverse NasdaqPairCorr
  0.55RYCLX Inverse Mid Cap Steady GrowthPairCorr

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 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 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