Japan 2x Correlations

Mutual Funds . USA . 
Fund . Japan 2x Strategy
RYJSX Fund  USD 138.23  1.14  0.83%   
The current 90-days correlation between Japan 2x Strategy and Franklin Growth Opportunities is 0.4 (i.e., Very weak diversification). The correlation of Japan 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.

Japan 2x Correlation With Market

Very weak diversification

The correlation between Japan 2x Strategy and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Japan 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 Japan 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 state.

Moving together with Japan Mutual Fund

  0.8RYBCX Basic MaterialsPairCorr
  0.8RYBAX Basic MaterialsPairCorr
  0.76RYBKX Banking Fund ClassPairCorr
  0.77RYBMX Basic MaterialsPairCorr
  0.76RYBHX Sp Midcap 400PairCorr
  0.8RYBIX Basic MaterialsPairCorr
  0.76RYAKX Russell 2000 15xPairCorr
  0.68RYAEX Europe 125x StrategyPairCorr
  0.73RYAHX Mid Cap 15xPairCorr
  0.78RYATX Nasdaq 100 FundPairCorr
  0.78RYANX Nova Fund ClassPairCorr
  0.82RYAZX Sp Smallcap 600PairCorr
  0.81RYAWX Sp 500 PurePairCorr
  0.79RYAVX Sp Midcap 400PairCorr
  0.85RYDHX Dow Jones IndustrialPairCorr
  0.69RYECX Energy Fund ClassPairCorr
  0.65RYCFX Biotechnology Fund ClassPairCorr
  0.68RYCEX Europe 125x StrategyPairCorr
  0.81RYCHX Technology Fund ClassPairCorr
  0.81RYCCX Nasdaq 100 2xPairCorr
  0.72RYCNX Transportation Fund ClassPairCorr
  0.81RYCMX Russell 2000 15xPairCorr
  0.81RYCOX Nasdaq 100 FundPairCorr
  0.85RYCVX Dow 2x StrategyPairCorr
  0.78RYCYX Dow 2x StrategyPairCorr
  0.69RYCRX Real Estate FundPairCorr
  0.85RYCSX TelecommunicationsPairCorr
  0.85RYDAX Dow Jones IndustrialPairCorr
  0.83RYFNX Financial ServicesPairCorr
  0.83RYFIX Financial ServicesPairCorr

Moving against Japan Mutual Fund

  0.77RYACX Inverse Nasdaq 100 Steady GrowthPairCorr
  0.77RYALX Inverse Nasdaq 100 Steady GrowthPairCorr
  0.84RYCWX Inverse Dow 2x Steady GrowthPairCorr
  0.84RYCZX Inverse Dow 2x Steady GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Japan Mutual Fund performing well and Japan 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 Japan 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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