Nasdaq-100 Fund Correlations

Mutual Funds . USA . 
Fund . Nasdaq 100 Fund Class
RYHOX Fund  USD 79.08  0.40  0.50%   
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 -0.17 (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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Nasdaq 100 Fund Class. 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 persons.

Moving together with Nasdaq-100 Mutual Fund

  0.93RYBCX Basic MaterialsPairCorr
  0.93RYBAX Basic MaterialsPairCorr
  0.94RYBMX Basic MaterialsPairCorr
  0.96RYBHX Sp Midcap 400PairCorr
  0.94RYBIX Basic MaterialsPairCorr
  0.98RYAKX Russell 2000 15xPairCorr
  0.93RYAEX Europe 125x StrategyPairCorr
  0.97RYAHX Mid Cap 15xPairCorr
  1.0RYATX Nasdaq 100 FundPairCorr
  1.0RYANX Nova Fund ClassPairCorr
  0.95RYAZX Sp Smallcap 600PairCorr
  0.98RYAWX Sp 500 PurePairCorr
  0.94RYAVX Sp Midcap 400PairCorr
  0.96RYDHX Dow Jones IndustrialPairCorr
  0.95RYDCX Mid Cap 15xPairCorr
  0.96RYDKX Dow Jones IndustrialPairCorr
  0.87RYECX Energy Fund ClassPairCorr
  0.72RYCFX Biotechnology Fund ClassPairCorr
  0.92RYCEX Europe 125x StrategyPairCorr
  0.99RYCCX Nasdaq 100 2xPairCorr
  0.94RYCNX Transportation Fund ClassPairCorr
  0.96RYCMX Russell 2000 15xPairCorr
  1.0RYCOX Nasdaq 100 FundPairCorr
  0.95RYCVX Dow 2x StrategyPairCorr
  0.97RYCYX Dow 2x StrategyPairCorr
  0.98RYCTX Sp 500 2xPairCorr

Moving against Nasdaq-100 Mutual Fund

  1.0RYACX Inverse Nasdaq 100PairCorr
  0.98RYAFX Inverse Russell 2000PairCorr
  0.98RYAPX Inverse Nasdaq 100PairCorr
  0.96RYAGX Inverse Mid Cap Potential GrowthPairCorr
  0.4RYCGX Government Long BondPairCorr
  0.37RYABX Government Long BondPairCorr
  0.98RYCDX Rydex Inverse Nasdaq Potential GrowthPairCorr
  0.98RYCWX Inverse Dow 2xPairCorr
  0.98RYCQX Inverse Russell 2000PairCorr
  0.98RYCZX Inverse Dow 2xPairCorr
  0.94RYCLX Inverse Mid Cap Potential GrowthPairCorr
  0.36RYGBX Government Long BondPairCorr

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.

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