Nasdaq 100 Correlations

RYHOX Fund

USD 80.06 0.28 0.35%

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 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 Correlation With Market

Good diversification

The correlation between Nasdaq 100 Fund Class and DJI is -0.18 (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 Mutual Fund

0.93	RYBCX	Basic Materials	Pair Corr
0.93	RYBAX	Basic Materials	Pair Corr
0.94	RYBKX	Banking Fund Class	Pair Corr
0.94	RYBMX	Basic Materials	Pair Corr
0.96	RYBHX	Sp Midcap 400	Pair Corr
0.94	RYBIX	Basic Materials	Pair Corr
0.96	RYAHX	Mid Cap 15x	Pair Corr
0.99	RYCCX	Nasdaq 100 2x	Pair Corr
1.0	RYCOX	Nasdaq 100 Fund	Pair Corr
0.95	RYCVX	Dow 2x Strategy	Pair Corr
0.97	RYCYX	Dow 2x Strategy	Pair Corr
0.97	RYFIX	Financial Services	Pair Corr
0.8	RYESX	Energy Services Steady Growth	Pair Corr
0.65	RYEUX	Europe 125x Strategy	Pair Corr
0.82	RYJTX	Japan 2x Strategy	Pair Corr
0.92	RYKIX	Banking Fund Investor	Pair Corr
0.7	RYMBX	Commodities Strategy	Pair Corr
0.96	RYMDX	Mid Cap 15x	Pair Corr
0.72	RYMJX	Commodities Strategy	Pair Corr

Moving against Nasdaq Mutual Fund

1.0	RYACX	Inverse Nasdaq 100	Pair Corr
0.42	RYABX	Government Long Bond	Pair Corr
0.93	RYIHX	Inverse High Yield	Pair Corr
0.51	RYIDX	Rydex Dynamic Fds	Pair Corr
0.63	RYSJX	Strengthening Dollar	Pair Corr
0.62	RYSDX	Strengthening Dollar	Pair Corr
0.62	RYSBX	Strengthening Dollar	Pair Corr

Related Correlations Analysis

	RYCOX	RYATX	OTPIX	ASERX	ACSLX
RYCOX		0.54	0.53	0.52	0.98	RYCOX
RYATX	0.54		1.0	1.0	0.56	RYATX
OTPIX	0.53	1.0		1.0	0.55	OTPIX
ASERX	0.52	1.0	1.0		0.54	ASERX
ACSLX	0.98	0.56	0.55	0.54		ACSLX
	RYCOX	RYATX	OTPIX	ASERX	ACSLX

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Risk-Adjusted Indicators

There is a big difference between Nasdaq Mutual Fund performing well and Nasdaq 100 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'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RYCOX	0.64	0.36	0.24	(1.49)	0.00	(0.76)	1.58	(0.95)	5.38
RYATX	0.62	0.13	0.15	0.31	0.18	(0.72)	1.58	(0.95)	5.39
OTPIX	0.60	0.13	0.14	0.31	0.15	(0.71)	1.57	(0.94)	5.35
ASERX	0.67	0.11	0.12	0.27	0.35	(0.80)	1.42	(0.91)	6.00
ACSLX	0.67	0.13	0.16	0.29	0.28	(0.81)	1.51	(0.90)	6.01

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