Dow 2x Correlations

Mutual Funds . USA . 
Fund . Dow 2x Strategy
RYCVX Fund  USD 177.91  0.13  0.07%   
The current 90-days correlation between Dow 2x Strategy and Sp 500 2x is 0.89 (i.e., Very poor 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 interest.

Moving together with Dow Mutual Fund

  0.9RYBCX Basic MaterialsPairCorr
  0.9RYBAX Basic MaterialsPairCorr
  0.95RYBKX Banking Fund ClassPairCorr
  0.88RYBMX Basic MaterialsPairCorr
  0.89RYBHX Sp Midcap 400PairCorr
  0.9RYBIX Basic MaterialsPairCorr
  0.8RYBOX Biotechnology Fund ClassPairCorr
  0.93RYAKX Russell 2000 15xPairCorr
  0.91RYAHX Mid Cap 15xPairCorr
  0.68RYAUX Utilities Fund ClassPairCorr
  0.9RYATX Nasdaq 100 FundPairCorr
  0.92RYANX Nova Fund ClassPairCorr
  0.96RYAZX Sp Smallcap 600PairCorr
  0.95RYAWX Sp 500 PurePairCorr
  0.9RYAVX Sp Midcap 400PairCorr
  1.0RYDHX Dow Jones IndustrialPairCorr
  0.97RYDCX Mid Cap 15xPairCorr
  1.0RYDKX Dow Jones IndustrialPairCorr
  0.62RYEAX Energy Fund ClassPairCorr
  0.61RYECX Energy Fund ClassPairCorr
  0.8RYCFX Biotechnology Fund ClassPairCorr
  0.91RYCHX Technology Fund ClassPairCorr
  0.92RYCCX Nasdaq 100 2xPairCorr
  0.91RYCNX Transportation Fund ClassPairCorr
  0.97RYCMX Russell 2000 15xPairCorr

Moving against Dow Mutual Fund

  0.97RYAFX Inverse Russell 2000PairCorr
  0.96RYARX Inverse Sp 500PairCorr
  0.93RYAIX Inverse Nasdaq 100PairCorr
  0.93RYALX Inverse Nasdaq 100PairCorr
  0.91RYACX Inverse Nasdaq 100PairCorr
  0.91RYAPX Inverse Nasdaq 100PairCorr
  0.88RYAGX Inverse Mid CapPairCorr
  1.0RYCWX Inverse Dow 2xPairCorr
  0.96RYCLX Inverse Mid CapPairCorr
  0.95RYCBX Inverse Sp 500PairCorr
  0.93RYCQX Inverse Russell 2000PairCorr
  0.92RYCDX Rydex Inverse Nasdaq Steady GrowthPairCorr
  0.91RYCZX Inverse Dow 2xPairCorr

Related Correlations Analysis


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
+ 0.99
RYTNX
RYRSX
+ 0.96
RYTNX
RYTPX
+ 0.95
RYCWX
RYRSX
+ 0.94
RYVYX
  

High negative correlations

RYTPX
- 1.0
RYTNX
RYTPX
- 0.99
RYVYX
RYRSX
- 0.97
RYCWX
RYTPX
- 0.96
RYRSX
RYCWX
- 0.95
RYTNX
RYVYX
- 0.92
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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