Inverse Nasdaq-100 Correlations

RYAIX Fund  USD 15.36  0.14  0.92%   
The current 90-days correlation between Inverse Nasdaq 100 and Bbh Intermediate Municipal is 0.21 (i.e., Modest diversification). The correlation of Inverse 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.

Inverse Nasdaq-100 Correlation With Market

Excellent diversification

The correlation between Inverse Nasdaq 100 Strategy and DJI is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Nasdaq 100 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 Inverse Nasdaq 100 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 gross domestic product.

Moving together with Inverse Mutual Fund

  0.8RYABX Government Long BondPairCorr
  1.0RYACX Inverse Nasdaq 100PairCorr
  1.0RYALX Inverse Nasdaq 100PairCorr
  0.86RYAFX Inverse Russell 2000PairCorr
  0.66RYAEX Europe 125x StrategyPairCorr
  0.9RYAGX Inverse Mid CapPairCorr
  0.98RYARX Inverse Sp 500PairCorr
  1.0RYAPX Inverse Nasdaq 100PairCorr
  0.64RYCEX Europe 125x StrategyPairCorr
  0.8RYCGX Government Long BondPairCorr
  0.93RYCDX Rydex Inverse NasdaqPairCorr

Moving against Inverse Mutual Fund

  0.98RYANX Nova Fund ClassPairCorr
  0.96RYAWX Sp 500 PurePairCorr
  0.93RYATX Nasdaq 100 FundPairCorr
  0.91RYDHX Dow Jones IndustrialPairCorr
  0.91RYDKX Dow Jones IndustrialPairCorr
  0.9RYAHX Mid Cap 15x Steady GrowthPairCorr
  0.9RYDCX Mid Cap 15x Steady GrowthPairCorr
  0.89RYBHX Sp Midcap 400PairCorr
  0.86RYAKX Russell 2000 15x Steady GrowthPairCorr
  0.83RYAVX Sp Midcap 400PairCorr
  0.79RYAQX Inverse Government LongPairCorr
  0.76RYBKX Banking Fund ClassPairCorr
  0.75RYBAX Basic MaterialsPairCorr
  0.75RYBMX Basic MaterialsPairCorr
  0.75RYBIX Basic MaterialsPairCorr
  0.74RYBCX Basic MaterialsPairCorr
  0.74RYAZX Sp Smallcap 600PairCorr
  0.68RYEAX Energy Fund ClassPairCorr
  0.67RYECX Energy Fund ClassPairCorr
  0.59RYAUX Utilities Fund ClassPairCorr
  1.0RYCCX Nasdaq 100 2xPairCorr
  0.98RYCHX Technology Fund ClassPairCorr
  0.98RYCTX Sp 500 2xPairCorr
  0.93RYCOX Nasdaq 100 FundPairCorr
  0.93RYCSX TelecommunicationsPairCorr
  0.9RYCVX Dow 2x Strategy Steady GrowthPairCorr
  0.89RYCKX Sp Midcap 400PairCorr
  0.87RYDAX Dow Jones IndustrialPairCorr

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   
NEITXBBINX
ARTFXRGHYX
BXDYXARTFX
BXDYXRGHYX
BXDYXBSGAX
MBSAXBBINX
  
High negative correlations   
ARTFXNEITX
ABNTXARTFX
ARTFXBBINX
NEITXRGHYX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse 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 Inverse 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.