Strengthening Dollar Correlations

RYSJX Fund

USD 57.24 0.96 1.65%

The current 90-days correlation between Strengthening Dollar and Growth Opportunities Fund is 0.07 (i.e., Significant 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

Modest diversification

The correlation between Strengthening Dollar 2x and DJI is 0.23 (i.e., Modest 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 inflation.

Moving together with Strengthening Mutual Fund

0.92	RYBKX	Banking Fund Class	Pair Corr
0.72	RYBHX	Sp Midcap 400	Pair Corr
0.78	RYAKX	Russell 2000 15x Steady Growth	Pair Corr
0.81	RYAHX	Mid Cap 15x Steady Growth	Pair Corr
0.92	RYAQX	Inverse Government Long	Pair Corr
0.79	RYATX	Nasdaq 100 Fund	Pair Corr
0.82	RYANX	Nova Fund Class	Pair Corr
0.72	RYAZX	Sp Smallcap 600	Pair Corr
0.84	RYAWX	Sp 500 Pure	Pair Corr
0.84	RYAVX	Sp Midcap 400	Pair Corr
0.82	RYDHX	Dow Jones Industrial	Pair Corr
0.8	RYDCX	Mid Cap 15x Steady Growth	Pair Corr
0.82	RYDKX	Dow Jones Industrial	Pair Corr
0.63	RYEAX	Energy Fund Class	Pair Corr
0.62	RYECX	Energy Fund Class	Pair Corr
0.83	RYCHX	Technology Fund Class	Pair Corr
0.77	RYCCX	Nasdaq 100 2x	Pair Corr
0.85	RYCNX	Transportation Fund Class	Pair Corr
0.78	RYCMX	Russell 2000 15x Steady Growth	Pair Corr

Moving against Strengthening Mutual Fund

0.94	RYAEX	Europe 125x Strategy	Pair Corr
0.94	RYCEX	Europe 125x Strategy	Pair Corr
0.91	RYABX	Government Long Bond	Pair Corr
0.79	RYAGX	Inverse Mid Cap	Pair Corr
0.78	RYARX	Inverse Sp 500	Pair Corr
0.77	RYAFX	Inverse Russell 2000	Pair Corr
0.76	RYACX	Inverse Nasdaq 100	Pair Corr
0.75	RYAIX	Inverse Nasdaq 100	Pair Corr
0.75	RYALX	Inverse Nasdaq 100	Pair Corr
0.75	RYAPX	Inverse Nasdaq 100	Pair Corr
0.61	RYCFX	Biotechnology Fund Class Steady Growth	Pair Corr
0.59	RYBOX	Biotechnology Fund Class Steady Growth	Pair Corr
0.94	RYEUX	Europe 125x Strategy	Pair Corr
0.91	RYCGX	Government Long Bond	Pair Corr
0.9	RYGBX	Government Long Bond	Pair Corr
0.86	RYFTX	Emerging Markets Bond	Pair Corr
0.81	RYCZX	Inverse Dow 2x	Pair Corr
0.8	RYCBX	Inverse Sp 500	Pair Corr
0.8	RYCWX	Inverse Dow 2x	Pair Corr
0.79	RYCLX	Inverse Mid Cap	Pair Corr

Related Correlations Analysis

	TGVVX	USCAX	URNQX	OPTCX	ABVCX	TWBIX	BOSVX
TGVVX		0.87	0.99	0.97	0.95	0.81	0.85	TGVVX
USCAX	0.87		0.83	0.88	0.91	0.81	0.99	USCAX
URNQX	0.99	0.83		0.95	0.92	0.84	0.81	URNQX
OPTCX	0.97	0.88	0.95		0.97	0.78	0.87	OPTCX
ABVCX	0.95	0.91	0.92	0.97		0.78	0.9	ABVCX
TWBIX	0.81	0.81	0.84	0.78	0.78		0.75	TWBIX
BOSVX	0.85	0.99	0.81	0.87	0.9	0.75		BOSVX
	TGVVX	USCAX	URNQX	OPTCX	ABVCX	TWBIX	BOSVX

Click cells to compare fundamentals

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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
TGVVX	0.72	0.00	0.00	0.12	1.04	(0.67)	1.47	(1.84)	4.86
USCAX	0.94	(0.07)	(0.01)	0.07	0.94	(1.11)	2.07	(1.70)	7.45
URNQX	0.76	(0.02)	(0.02)	0.09	1.10	(0.73)	1.57	(2.38)	5.14
OPTCX	0.15	0.02	(0.40)	0.20	0.00	(0.22)	0.32	(0.21)	1.04
ABVCX	0.54	0.04	0.04	0.16	0.27	(0.68)	1.09	(0.80)	3.88
TWBIX	0.36	(0.03)	(0.17)	0.06	0.44	(0.38)	0.77	(0.92)	2.38
BOSVX	0.97	(0.07)	(0.01)	0.07	0.89	(1.15)	2.11	(1.62)	8.98

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