Europe 125x Correlations

Mutual Funds . USA . 
Fund . Europe 125x Strategy
RYEUX Fund  USD 110.89  1.18  1.05%   
The current 90-days correlation between Europe 125x Strategy and Basic Materials Fund is 0.62 (i.e., Poor diversification). The correlation of Europe 125x 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.

Europe 125x Correlation With Market

Poor diversification

The correlation between Europe 125x Strategy and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europe 125x 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 Europe 125x 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 employment.

Moving together with Europe Mutual Fund

  0.88RYBCX Basic MaterialsPairCorr
  0.88RYBAX Basic MaterialsPairCorr
  0.75RYBKX Banking Fund ClassPairCorr
  0.83RYBMX Basic MaterialsPairCorr
  0.77RYBHX Sp Midcap 400PairCorr
  0.83RYBIX Basic MaterialsPairCorr
  0.64RYBOX Biotechnology Fund ClassPairCorr
  0.82RYAKX Russell 2000 15xPairCorr
  0.91RYAEX Europe 125x StrategyPairCorr
  0.76RYAHX Mid Cap 15xPairCorr
  0.64RYAUX Utilities Fund ClassPairCorr
  0.81RYATX Nasdaq 100 FundPairCorr
  0.8RYANX Nova Fund ClassPairCorr
  0.81RYAZX Sp Smallcap 600PairCorr
  0.78RYAWX Sp 500 PurePairCorr
  0.81RYAVX Sp Midcap 400PairCorr
  0.82RYDHX Dow Jones IndustrialPairCorr
  0.78RYDCX Mid Cap 15xPairCorr
  0.8RYDKX Dow Jones IndustrialPairCorr
  0.7RYEAX Energy Fund ClassPairCorr
  0.7RYECX Energy Fund ClassPairCorr
  0.71RYCFX Biotechnology Fund ClassPairCorr
  0.91RYCEX Europe 125x StrategyPairCorr
  0.8RYCHX Technology Fund ClassPairCorr
  0.69RYCAX Consumer ProductsPairCorr
  0.81RYCCX Nasdaq 100 2xPairCorr
  0.77RYCNX Transportation Fund ClassPairCorr
  0.82RYCMX Russell 2000 15xPairCorr

Moving against Europe Mutual Fund

  0.82RYACX Inverse Nasdaq 100 Steady GrowthPairCorr
  0.82RYAIX Inverse Nasdaq 100 Steady GrowthPairCorr
  0.82RYALX Inverse Nasdaq 100 Steady GrowthPairCorr
  0.82RYAPX Inverse Nasdaq 100 Steady GrowthPairCorr
  0.81RYARX Inverse Sp 500 Steady GrowthPairCorr
  0.8RYAFX Inverse Russell 2000 Steady GrowthPairCorr
  0.77RYAGX Inverse Mid Cap Steady GrowthPairCorr
  0.35RYABX Government Long BondPairCorr
  0.83RYCBX Inverse Sp 500 Steady GrowthPairCorr
  0.83RYCDX Rydex Inverse Nasdaq Steady GrowthPairCorr
  0.83RYCWX Inverse Dow 2x Steady GrowthPairCorr
  0.82RYCQX Inverse Russell 2000 Steady GrowthPairCorr
  0.81RYCZX Inverse Dow 2x Steady GrowthPairCorr
  0.79RYCLX Inverse Mid Cap Steady GrowthPairCorr
  0.35RYCGX Government Long Bond Steady GrowthPairCorr
  0.33RYGBX 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   
RYBAX
+ 1.0
RYBCX
RYBIX
+ 1.0
RYBMX
RYAIX
+ 0.98
RYACX
RYBMX
+ 0.97
RYBCX
RYBIX
+ 0.97
RYBCX
RYBMX
+ 0.97
RYBAX
  
High negative correlations   
RYAIX
- 0.95
RYBHX
RYACX
- 0.93
RYBHX
RYACX
- 0.93
RYBKX
RYACX
- 0.92
RYBIX
RYACX
- 0.92
RYBMX
RYAIX
- 0.92
RYBKX

Risk-Adjusted Indicators

There is a big difference between Europe Mutual Fund performing well and Europe 125x 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 Europe 125x'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RYBCX  0.73  0.01 (0.04) 0.16  0.82 
(0.73)
 1.63 
(1.38)
 4.50 
RYBAX  0.73  0.02 (0.04) 0.16  0.81 
(0.71)
 1.64 
(1.38)
 4.48 
RYBKX  0.84  0.25  0.10 (1.81) 0.74 
(0.92)
 2.03 
(1.04)
 6.95 
RYBMX  0.72  0.11 (0.01) 1.11  0.77 
(0.75)
 1.63 
(1.39)
 3.70 
RYBHX  0.78  0.06  0.08  0.19  0.64 
(0.92)
 1.70 
(1.47)
 5.80 
RYBIX  0.72  0.11 (0.01) 1.12  0.77 
(0.71)
 1.63 
(1.38)
 3.71 
RYBOX  1.09  0.16 (0.01)(0.32) 1.47 
(1.09)
 1.83 
(2.14)
 6.97 
RYABX  0.72 (0.06) 0.00 (0.37) 0.00 
 0.00 
 1.45 
(1.33)
 3.57 
RYACX  0.60 (0.30) 0.00 (1.28) 0.00 
 0.00 
 0.99 
(1.55)
 4.93 
RYAIX  0.60 (0.14) 0.00  0.30  0.00 
 0.00 
 1.00 
(1.54)
 4.92 

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