Rydex Series Correlations

RYFXX Fund

USD 1.00 0.00 0.00%

The correlation of Rydex Series 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rydex Series Funds. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	DIMIX	CMGUX	RSDIX	BIIPX	FTFZX	TSDCX	VMSSX
DIMIX		-0.08	0.57	0.77	0.89	0.06	0.8	DIMIX
CMGUX	-0.08		0.27	-0.42	0.29	0.92	0.15	CMGUX
RSDIX	0.57	0.27		0.37	0.67	0.56	0.82	RSDIX
BIIPX	0.77	-0.42	0.37		0.53	-0.33	0.66	BIIPX
FTFZX	0.89	0.29	0.67	0.53		0.43	0.81	FTFZX
TSDCX	0.06	0.92	0.56	-0.33	0.43		0.34	TSDCX
VMSSX	0.8	0.15	0.82	0.66	0.81	0.34		VMSSX
	DIMIX	CMGUX	RSDIX	BIIPX	FTFZX	TSDCX	VMSSX

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

TSDCX	+ 0.92	CMGUX
FTFZX	+ 0.89	DIMIX
VMSSX	+ 0.82	RSDIX
VMSSX	+ 0.81	FTFZX
VMSSX	+ 0.8	DIMIX
BIIPX	+ 0.77	DIMIX

High negative correlations

BIIPX	- 0.42	CMGUX
TSDCX	- 0.33	BIIPX
CMGUX	- 0.08	DIMIX

Risk-Adjusted Indicators

There is a big difference between Rydex Money Market Fund performing well and Rydex Series Money Market 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 Rydex Series' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DIMIX	0.06	(0.02)	0.00	1.34	0.00	0.08	(0.16)	0.55
CMGUX	0.04	0.01	0.00	(0.49)	0.00	0.11	0.00	0.65
RSDIX	0.08	(0.01)	0.00	(5.22)	0.00	0.21	(0.10)	0.72
BIIPX	0.10	(0.02)	0.00	(0.67)	0.00	0.21	(0.21)	0.62
FTFZX	0.07	(0.01)	0.00	1.02	0.00	0.10	(0.19)	0.68
TSDCX	0.05	0.01	(0.24)	(1.11)	(0.20)	0.11	(0.11)	0.55
VMSSX	0.07	(0.01)	0.00	(0.49)	0.00	0.22	(0.22)	0.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Rydex Series Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY