Nasdaq-100 Fund Correlations
RYATX Fund | USD 79.44 0.19 0.24% |
The current 90-days correlation between Nasdaq 100 Fund and Nasdaq 100 Fund Class is 1.0 (i.e., No risk reduction). The correlation of Nasdaq-100 Fund 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.
Nasdaq-100 Fund Correlation With Market
Good diversification
The correlation between Nasdaq 100 Fund Class and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 Fund Class and DJI in the same portfolio, assuming nothing else is changed.
Nasdaq-100 |
Moving together with Nasdaq-100 Mutual Fund
0.93 | RYBCX | Basic Materials | PairCorr |
0.93 | RYBAX | Basic Materials | PairCorr |
0.95 | RYBKX | Banking Fund Class | PairCorr |
0.94 | RYBMX | Basic Materials | PairCorr |
0.97 | RYBHX | Sp Midcap 400 | PairCorr |
0.94 | RYBIX | Basic Materials | PairCorr |
0.97 | RYAHX | Mid Cap 15x | PairCorr |
1.0 | RYANX | Nova Fund Class | PairCorr |
0.98 | RYAWX | Sp 500 Pure | PairCorr |
0.88 | RYECX | Energy Fund Class | PairCorr |
0.71 | RYCFX | Biotechnology Fund Class | PairCorr |
0.99 | RYCCX | Nasdaq 100 2x | PairCorr |
1.0 | RYCOX | Nasdaq 100 Fund | PairCorr |
0.95 | RYCVX | Dow 2x Strategy | PairCorr |
0.97 | RYCYX | Dow 2x Strategy | PairCorr |
0.98 | RYFIX | Financial Services | PairCorr |
0.78 | RYESX | Energy Services Steady Growth | PairCorr |
0.88 | RYENX | Energy Fund Class | PairCorr |
0.93 | RYEUX | Europe 125x Strategy | PairCorr |
0.95 | RYFCX | Financial Services | PairCorr |
1.0 | RYHOX | Nasdaq 100 Fund | PairCorr |
0.78 | RYHRX | Real Estate Fund | PairCorr |
0.64 | RYHIX | Health Care Fund | PairCorr |
0.85 | RYJTX | Japan 2x Strategy Steady Growth | PairCorr |
0.85 | RYJSX | Japan 2x Strategy Steady Growth | PairCorr |
0.95 | RYKIX | Banking Fund Investor | PairCorr |
0.85 | RYJHX | Japan 2x Strategy Steady Growth | PairCorr |
0.65 | RYMBX | Commodities Strategy | PairCorr |
0.97 | RYMDX | Mid Cap 15x | PairCorr |
0.66 | RYMJX | Commodities Strategy | PairCorr |
Moving against Nasdaq-100 Mutual Fund
0.98 | RYACX | Inverse Nasdaq 100 | PairCorr |
0.35 | RYABX | Government Long Bond | PairCorr |
0.98 | RYIDX | Rydex Dynamic Fds | PairCorr |
0.94 | RYIHX | Inverse High Yield | PairCorr |
0.36 | RYHBX | Government Long Bond | PairCorr |
0.53 | RYSJX | Strengthening Dollar Potential Growth | PairCorr |
0.51 | RYSBX | Strengthening Dollar Potential Growth | PairCorr |
0.46 | RYSDX | Strengthening Dollar | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Nasdaq-100 Mutual Fund performing well and Nasdaq-100 Fund 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 Nasdaq-100 Fund'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RYCOX | 0.75 | 0.41 | 0.14 | (1.40) | 0.31 | 2.37 | 5.38 | |||
RYHOX | 0.75 | 0.41 | 0.14 | (1.41) | 0.30 | 2.38 | 5.39 | |||
RYVLX | 1.50 | 0.82 | 0.27 | (1.39) | 1.07 | 4.72 | 10.77 | |||
RYLDX | 1.29 | 0.52 | 0.10 | (0.85) | 1.41 | 2.71 | 9.48 | |||
ASERX | 0.76 | 0.16 | 0.21 | 0.39 | 0.00 | 2.57 | 6.00 |