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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Dow 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 real.

Moving together with Dow Mutual Fund

  0.63RYBCX Basic MaterialsPairCorr
  0.64RYBAX Basic MaterialsPairCorr
  0.86RYBKX Banking Fund ClassPairCorr
  0.64RYBMX Basic MaterialsPairCorr
  0.96RYBHX Sp Midcap 400PairCorr
  0.64RYBIX Basic MaterialsPairCorr
  0.94RYAKX Russell 2000 15x Steady GrowthPairCorr
  0.98RYAHX Mid Cap 15x Steady GrowthPairCorr
  0.74RYAQX Inverse Government LongPairCorr
  0.66RYAUX Utilities Fund ClassPairCorr
  0.88RYATX Nasdaq 100 FundPairCorr
  0.96RYANX Nova Fund ClassPairCorr
  0.86RYAZX Sp Smallcap 600PairCorr
  0.95RYAWX Sp 500 PurePairCorr
  0.91RYAVX Sp Midcap 400PairCorr
  1.0RYDHX Dow Jones IndustrialPairCorr
  0.98RYDCX Mid Cap 15x Steady GrowthPairCorr
  1.0RYDKX Dow Jones IndustrialPairCorr
  0.76RYEAX Energy Fund ClassPairCorr
  0.75RYECX Energy Fund ClassPairCorr
  0.94RYCHX Technology Fund ClassPairCorr
  0.91RYCCX Nasdaq 100 2xPairCorr
  0.89RYCNX Transportation Fund ClassPairCorr
  0.94RYCMX Russell 2000 15x Steady GrowthPairCorr

Moving against Dow Mutual Fund

  0.97RYAGX Inverse Mid CapPairCorr
  0.96RYARX Inverse Sp 500PairCorr
  0.94RYAFX Inverse Russell 2000PairCorr
  0.9RYACX Inverse Nasdaq 100PairCorr
  0.9RYAIX Inverse Nasdaq 100PairCorr
  0.9RYALX Inverse Nasdaq 100PairCorr
  0.9RYAPX Inverse Nasdaq 100PairCorr
  0.73RYAEX Europe 125x StrategyPairCorr
  0.73RYCEX Europe 125x StrategyPairCorr
  0.72RYABX Government Long BondPairCorr
  0.36RYCFX Biotechnology Fund ClassPairCorr
  0.34RYBOX Biotechnology Fund Class Steady GrowthPairCorr
  1.0RYCWX Inverse Dow 2xPairCorr
  1.0RYCZX Inverse Dow 2xPairCorr
  0.97RYCLX Inverse Mid CapPairCorr
  0.94RYCQX Inverse Russell 2000PairCorr
  0.91RYCBX Inverse Sp 500PairCorr
  0.87RYCDX Rydex Inverse NasdaqPairCorr
  0.73RYCGX Government Long BondPairCorr
  0.73RYEUX Europe 125x StrategyPairCorr

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.