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.
Inverse |
Moving together with Inverse Mutual Fund
0.8 | RYABX | Government Long Bond | PairCorr |
1.0 | RYACX | Inverse Nasdaq 100 | PairCorr |
1.0 | RYALX | Inverse Nasdaq 100 | PairCorr |
0.86 | RYAFX | Inverse Russell 2000 | PairCorr |
0.66 | RYAEX | Europe 125x Strategy | PairCorr |
0.9 | RYAGX | Inverse Mid Cap | PairCorr |
0.98 | RYARX | Inverse Sp 500 | PairCorr |
1.0 | RYAPX | Inverse Nasdaq 100 | PairCorr |
0.64 | RYCEX | Europe 125x Strategy | PairCorr |
0.8 | RYCGX | Government Long Bond | PairCorr |
0.93 | RYCDX | Rydex Inverse Nasdaq | PairCorr |
Moving against Inverse Mutual Fund
0.98 | RYANX | Nova Fund Class | PairCorr |
0.96 | RYAWX | Sp 500 Pure | PairCorr |
0.93 | RYATX | Nasdaq 100 Fund | PairCorr |
0.91 | RYDHX | Dow Jones Industrial | PairCorr |
0.91 | RYDKX | Dow Jones Industrial | PairCorr |
0.9 | RYAHX | Mid Cap 15x Steady Growth | PairCorr |
0.9 | RYDCX | Mid Cap 15x Steady Growth | PairCorr |
0.89 | RYBHX | Sp Midcap 400 | PairCorr |
0.86 | RYAKX | Russell 2000 15x Steady Growth | PairCorr |
0.83 | RYAVX | Sp Midcap 400 | PairCorr |
0.79 | RYAQX | Inverse Government Long | PairCorr |
0.76 | RYBKX | Banking Fund Class | PairCorr |
0.75 | RYBAX | Basic Materials | PairCorr |
0.75 | RYBMX | Basic Materials | PairCorr |
0.75 | RYBIX | Basic Materials | PairCorr |
0.74 | RYBCX | Basic Materials | PairCorr |
0.74 | RYAZX | Sp Smallcap 600 | PairCorr |
0.68 | RYEAX | Energy Fund Class | PairCorr |
0.67 | RYECX | Energy Fund Class | PairCorr |
0.59 | RYAUX | Utilities Fund Class | PairCorr |
1.0 | RYCCX | Nasdaq 100 2x | PairCorr |
0.98 | RYCHX | Technology Fund Class | PairCorr |
0.98 | RYCTX | Sp 500 2x | PairCorr |
0.93 | RYCOX | Nasdaq 100 Fund | PairCorr |
0.93 | RYCSX | Telecommunications | PairCorr |
0.9 | RYCVX | Dow 2x Strategy Steady Growth | PairCorr |
0.89 | RYCKX | Sp Midcap 400 | PairCorr |
0.87 | RYDAX | Dow Jones Industrial | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
BBINX | 0.12 | 0.01 | (0.41) | 0.01 | 0.15 | 0.29 | 1.07 | |||
RGHYX | 0.08 | 0.01 | (0.64) | 0.76 | 0.00 | 0.20 | 0.51 | |||
BSGAX | 0.09 | 0.00 | (0.72) | (0.13) | 0.00 | 0.24 | 0.72 | |||
MBSAX | 0.21 | 0.00 | (0.35) | 0.06 | 0.24 | 0.37 | 1.25 | |||
NEITX | 0.17 | 0.01 | (0.22) | (0.02) | 0.26 | 0.43 | 1.62 | |||
ARTFX | 0.12 | 0.03 | (0.57) | (1.09) | 0.00 | 0.33 | 1.01 | |||
BXDYX | 0.10 | 0.01 | (0.73) | 5.82 | 0.00 | 0.33 | 0.66 | |||
ABNTX | 0.14 | (0.01) | (0.49) | (0.75) | 0.19 | 0.29 | 0.88 |