Dow 2x Correlations

Mutual Funds . USA . 
Fund . Dow 2x Strategy
RYCVX Fund  USD 174.79  1.40  0.79%   
The current 90-days correlation between Dow 2x Strategy and Sp 500 2x is 0.9 (i.e., Almost no diversification). The correlation of Dow 2x 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.

Dow 2x Correlation With Market

No risk reduction

The correlation between Dow 2x Strategy and DJI is 1.0 (i.e., No risk reduction) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dow 2x Strategy 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 Dow 2x Strategy. 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 real.

Moving together with Dow Mutual Fund

  0.94RYBCX Basic MaterialsPairCorr
  0.94RYBAX Basic MaterialsPairCorr
  0.97RYBKX Banking Fund ClassPairCorr
  0.92RYBMX Basic MaterialsPairCorr
  0.91RYBHX Sp Midcap 400PairCorr
  0.92RYBIX Basic MaterialsPairCorr
  0.7RYBOX Biotechnology Fund ClassPairCorr
  0.96RYAKX Russell 2000 15xPairCorr
  0.84RYAEX Europe 125x StrategyPairCorr
  0.95RYAHX Mid Cap 15xPairCorr
  0.86RYAUX Utilities Fund ClassPairCorr
  0.95RYATX Nasdaq 100 FundPairCorr
  0.96RYANX Nova Fund ClassPairCorr
  0.98RYAZX Sp Smallcap 600PairCorr
  0.98RYAWX Sp 500 PurePairCorr
  0.97RYAVX Sp Midcap 400PairCorr
  1.0RYDHX Dow Jones IndustrialPairCorr
  0.98RYDCX Mid Cap 15xPairCorr
  0.97RYDKX Dow Jones IndustrialPairCorr
  0.82RYEAX Energy Fund ClassPairCorr
  0.82RYECX Energy Fund ClassPairCorr
  0.69RYCFX Biotechnology Fund ClassPairCorr
  0.87RYCEX Europe 125x StrategyPairCorr
  0.95RYCHX Technology Fund ClassPairCorr
  0.65RYCAX Consumer ProductsPairCorr
  0.97RYCCX Nasdaq 100 2xPairCorr
  0.93RYCNX Transportation Fund Class Potential GrowthPairCorr
  0.99RYCMX Russell 2000 15xPairCorr

Moving against Dow Mutual Fund

  0.98RYAFX Inverse Russell 2000PairCorr
  0.98RYARX Inverse Sp 500PairCorr
  0.95RYAIX Inverse Nasdaq 100PairCorr
  0.95RYAPX Inverse Nasdaq 100PairCorr
  0.93RYACX Inverse Nasdaq 100PairCorr
  0.93RYALX Inverse Nasdaq 100PairCorr
  0.93RYAGX Inverse Mid CapPairCorr
  0.98RYCQX Inverse Russell 2000PairCorr
  0.97RYCBX Inverse Sp 500PairCorr
  0.97RYCLX Inverse Mid CapPairCorr
  0.97RYCWX Inverse Dow 2xPairCorr
  0.97RYCZX Inverse Dow 2xPairCorr
  0.95RYCDX Rydex Inverse NasdaqPairCorr
  0.32RYCGX Government Long BondPairCorr

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   
RYVYX
+ 0.98
RYTNX
RYRSX
+ 0.98
RYTNX
RYTPX
+ 0.97
RYCWX
RYRSX
+ 0.95
RYVYX
  
High negative correlations   
RYTPX
- 0.99
RYTNX
RYTPX
- 0.98
RYVYX
RYVYX
- 0.98
RYCWX
RYTPX
- 0.97
RYRSX
RYCWX
- 0.97
RYTNX
RYRSX
- 0.95
RYCWX

Risk-Adjusted Indicators

There is a big difference between Dow Mutual Fund performing well and Dow 2x 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 Dow 2x'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.

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