Strengthening Dollar Correlations

Mutual Funds . USA . 
Fund . Strengthening Dollar 2x
RYSJX Fund  USD 48.92  1.23  2.45%   
The current 90-days correlation between Strengthening Dollar and Touchstone Ultra Short is -0.16 (i.e., Good diversification). The correlation of Strengthening Dollar 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.

Strengthening Dollar Correlation With Market

Good diversification

The correlation between Strengthening Dollar 2x 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 Strengthening Dollar 2x 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 Strengthening Dollar 2x. 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 inflation.

Moving against Strengthening Mutual Fund

  0.76RYAEX Europe 125x StrategyPairCorr
  0.7RYBCX Basic MaterialsPairCorr
  0.7RYBAX Basic MaterialsPairCorr
  0.7RYBMX Basic MaterialsPairCorr
  0.7RYBIX Basic MaterialsPairCorr
  0.6RYAZX Sp Smallcap 600PairCorr
  0.59RYBOX Biotechnology Fund ClassPairCorr
  0.57RYAVX Sp Midcap 400PairCorr
  0.56RYATX Nasdaq 100 FundPairCorr
  0.53RYDHX Dow Jones IndustrialPairCorr
  0.51RYBKX Banking Fund ClassPairCorr
  0.51RYAKX Russell 2000 15xPairCorr
  0.51RYANX Nova Fund ClassPairCorr
  0.49RYAWX Sp 500 PurePairCorr
  0.4RYAHX Mid Cap 15xPairCorr
  0.36RYABX Government Long BondPairCorr
  0.31RYBHX Sp Midcap 400PairCorr
  0.67RYCSX TelecommunicationsPairCorr
  0.65RYCEX Europe 125x StrategyPairCorr
  0.59RYCFX Biotechnology Fund ClassPairCorr
  0.58RYCYX Dow 2x StrategyPairCorr
  0.56RYCMX Russell 2000 15xPairCorr
  0.56RYCOX Nasdaq 100 FundPairCorr
  0.53RYDKX Dow Jones IndustrialPairCorr
  0.53RYCHX Technology Fund ClassPairCorr
  0.53RYCPX Consumer ProductsPairCorr
  0.53RYCVX Dow 2x StrategyPairCorr
  0.53RYDAX Dow Jones IndustrialPairCorr
  0.53RYFNX Financial ServicesPairCorr
  0.52RYCCX Nasdaq 100 2xPairCorr
  0.48RYCAX Consumer ProductsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Strengthening Mutual Fund performing well and Strengthening Dollar 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 Strengthening Dollar'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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