Dow 2x Correlations

Mutual Funds . USA . 
Fund . Dow 2x Strategy
RYCYX Fund  USD 146.89  0.14  0.1%   
The current 90-days correlation between Dow 2x Strategy and Dow 2x Strategy is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Dow 2x Strategy and DJI is -0.16 (i.e., Good diversification) 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 unemployment.

Moving together with Dow Mutual Fund

  0.86RYBCX Basic MaterialsPairCorr
  0.86RYBAX Basic MaterialsPairCorr
  0.97RYBKX Banking Fund ClassPairCorr
  0.9RYBMX Basic MaterialsPairCorr
  0.9RYBHX Sp Midcap 400PairCorr
  0.9RYBIX Basic MaterialsPairCorr
  0.85RYBOX Biotechnology Fund Class Steady GrowthPairCorr
  0.97RYAKX Russell 2000 15xPairCorr
  0.61RYAEX Europe 125x StrategyPairCorr
  0.97RYAHX Mid Cap 15xPairCorr
  0.66RYAUX Utilities Fund ClassPairCorr
  0.91RYATX Nasdaq 100 FundPairCorr
  0.94RYANX Nova Fund ClassPairCorr
  0.9RYAZX Sp Smallcap 600PairCorr
  0.92RYAWX Sp 500 PurePairCorr
  0.87RYAVX Sp Midcap 400PairCorr
  0.94RYDHX Dow Jones IndustrialPairCorr
  0.9RYDCX Mid Cap 15xPairCorr
  0.94RYDKX Dow Jones IndustrialPairCorr
  0.69RYEAX Energy Fund ClassPairCorr
  0.68RYECX Energy Fund ClassPairCorr
  0.85RYCFX Biotechnology Fund Class Steady GrowthPairCorr
  0.92RYCHX Technology Fund ClassPairCorr
  0.89RYCCX Nasdaq 100 2xPairCorr
  0.89RYCNX Transportation Fund ClassPairCorr
  0.9RYCMX Russell 2000 15xPairCorr

Moving against Dow Mutual Fund

  0.97RYAFX Inverse Russell 2000PairCorr
  0.95RYARX Inverse Sp 500PairCorr
  0.92RYACX Inverse Nasdaq 100PairCorr
  0.92RYAIX Inverse Nasdaq 100PairCorr
  0.92RYALX Inverse Nasdaq 100PairCorr
  0.92RYAPX Inverse Nasdaq 100PairCorr
  0.86RYAGX Inverse Mid CapPairCorr
  0.94RYCWX Inverse Dow 2xPairCorr
  0.94RYCZX Inverse Dow 2xPairCorr
  0.91RYCBX Inverse Sp 500PairCorr
  0.91RYCDX Rydex Inverse NasdaqPairCorr
  0.9RYCQX Inverse Russell 2000PairCorr
  0.87RYCLX Inverse Mid CapPairCorr

Related Correlations Analysis


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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