Dow 2x Correlations
RYCVX Fund | USD 192.15 1.13 0.58% |
The current 90-days correlation between Dow 2x Strategy and Dow 2x Strategy is 0.01 (i.e., Significant diversification). The correlation of Dow 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.
Dow 2x Correlation With Market
No risk reduction
The correlation between Dow 2x Strategy and DJI is 1.0 (i.e., No risk reduction) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dow 2x Strategy and DJI in the same portfolio, assuming nothing else is changed.
Dow |
Moving together with Dow Mutual Fund
0.63 | RYBCX | Basic Materials | PairCorr |
0.64 | RYBAX | Basic Materials | PairCorr |
0.86 | RYBKX | Banking Fund Class | PairCorr |
0.64 | RYBMX | Basic Materials | PairCorr |
0.96 | RYBHX | Sp Midcap 400 | PairCorr |
0.64 | RYBIX | Basic Materials | PairCorr |
0.94 | RYAKX | Russell 2000 15x Steady Growth | PairCorr |
0.98 | RYAHX | Mid Cap 15x Steady Growth | PairCorr |
0.74 | RYAQX | Inverse Government Long | PairCorr |
0.66 | RYAUX | Utilities Fund Class | PairCorr |
0.88 | RYATX | Nasdaq 100 Fund | PairCorr |
0.96 | RYANX | Nova Fund Class | PairCorr |
0.86 | RYAZX | Sp Smallcap 600 | PairCorr |
0.95 | RYAWX | Sp 500 Pure | PairCorr |
0.91 | RYAVX | Sp Midcap 400 | PairCorr |
1.0 | RYDHX | Dow Jones Industrial | PairCorr |
0.98 | RYDCX | Mid Cap 15x Steady Growth | PairCorr |
1.0 | RYDKX | Dow Jones Industrial | PairCorr |
0.76 | RYEAX | Energy Fund Class | PairCorr |
0.75 | RYECX | Energy Fund Class | PairCorr |
0.94 | RYCHX | Technology Fund Class | PairCorr |
0.91 | RYCCX | Nasdaq 100 2x | PairCorr |
0.89 | RYCNX | Transportation Fund Class | PairCorr |
0.94 | RYCMX | Russell 2000 15x Steady Growth | PairCorr |
Moving against Dow Mutual Fund
0.97 | RYAGX | Inverse Mid Cap | PairCorr |
0.96 | RYARX | Inverse Sp 500 | PairCorr |
0.94 | RYAFX | Inverse Russell 2000 | PairCorr |
0.9 | RYACX | Inverse Nasdaq 100 | PairCorr |
0.9 | RYAIX | Inverse Nasdaq 100 | PairCorr |
0.9 | RYALX | Inverse Nasdaq 100 | PairCorr |
0.9 | RYAPX | Inverse Nasdaq 100 | PairCorr |
0.73 | RYAEX | Europe 125x Strategy | PairCorr |
0.73 | RYCEX | Europe 125x Strategy | PairCorr |
0.72 | RYABX | Government Long Bond | PairCorr |
0.36 | RYCFX | Biotechnology Fund Class | PairCorr |
0.34 | RYBOX | Biotechnology Fund Class Steady Growth | PairCorr |
1.0 | RYCWX | Inverse Dow 2x | PairCorr |
1.0 | RYCZX | Inverse Dow 2x | PairCorr |
0.97 | RYCLX | Inverse Mid Cap | PairCorr |
0.94 | RYCQX | Inverse Russell 2000 | PairCorr |
0.91 | RYCBX | Inverse Sp 500 | PairCorr |
0.87 | RYCDX | Rydex Inverse Nasdaq | PairCorr |
0.73 | RYCGX | Government Long Bond | PairCorr |
0.73 | RYEUX | Europe 125x Strategy | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Dow Mutual Fund performing well and Dow 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 Dow 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
RYCYX | 1.13 | 0.23 | 0.09 | 12.09 | 1.02 | 2.13 | 8.81 | |||
RYCVX | 1.14 | 0.00 | 0.09 | 0.11 | 1.02 | 2.13 | 8.81 | |||
RYVLX | 1.53 | (0.07) | 0.02 | 0.08 | 2.27 | 3.08 | 10.29 | |||
UMPSX | 1.43 | (0.02) | 0.08 | 0.11 | 1.42 | 3.41 | 10.41 | |||
RYCCX | 1.53 | (0.07) | 0.01 | 0.08 | 2.27 | 3.08 | 10.29 |