Inverse Government Correlations

RYJCX Fund

USD 150.86 0.45 0.30%

The current 90-days correlation between Inverse Government Long and Basic Materials Fund is 0.44 (i.e., Very weak diversification). The correlation of Inverse Government 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 Government Correlation With Market

Significant diversification

The correlation between Inverse Government Long and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Government Long 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 Government Long. 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 main economic indicators.

Moving together with Inverse Mutual Fund

0.98

RYAQX

Inverse Government Long Steady Growth

Pair Corr

Moving against Inverse Mutual Fund

0.38	RYABX	Government Long Bond	Pair Corr
0.39	RYCGX	Government Long Bond	Pair Corr
0.38	RYGBX	Government Long Bond	Pair Corr

Related Correlations Analysis

	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX
RYBCX		1.0	0.1	1.0	0.79	1.0	0.97	0.54	0.76	0.73	RYBCX
RYBAX	1.0		0.11	1.0	0.79	1.0	0.97	0.54	0.75	0.72	RYBAX
RYBKX	0.1	0.11		0.1	0.61	0.1	0.09	-0.44	-0.3	-0.34	RYBKX
RYBMX	1.0	1.0	0.1		0.79	1.0	0.97	0.54	0.75	0.72	RYBMX
RYBHX	0.79	0.79	0.61	0.79		0.78	0.78	0.27	0.32	0.27	RYBHX
RYBIX	1.0	1.0	0.1	1.0	0.78		0.97	0.54	0.75	0.72	RYBIX
RYBOX	0.97	0.97	0.09	0.97	0.78	0.97		0.56	0.7	0.67	RYBOX
RYABX	0.54	0.54	-0.44	0.54	0.27	0.54	0.56		0.61	0.61	RYABX
RYACX	0.76	0.75	-0.3	0.75	0.32	0.75	0.7	0.61		1.0	RYACX
RYAIX	0.73	0.72	-0.34	0.72	0.27	0.72	0.67	0.61	1.0		RYAIX
	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX

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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

RYBAX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBCX
RYBIX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBAX
RYBIX	+ 1.0	RYBAX
RYBIX	+ 1.0	RYBMX

High negative correlations

RYABX	- 0.44	RYBKX
RYAIX	- 0.34	RYBKX
RYACX	- 0.3	RYBKX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Government 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 Government'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
RYBCX	1.41	(0.32)	0.00	(0.26)	0.00	0.00	1.68	(1.89)	33.38
RYBAX	1.32	(0.30)	0.00	(0.25)	0.00	0.00	1.68	(1.89)	29.01
RYBKX	1.09	0.00	0.02	0.03	1.39	(1.32)	2.40	(2.37)	14.68
RYBMX	1.30	(0.29)	0.00	(0.25)	0.00	0.00	1.67	(1.90)	28.12
RYBHX	1.39	(0.22)	0.00	(0.12)	0.00	0.00	1.76	(1.85)	29.80
RYBIX	1.25	(0.28)	0.00	(0.24)	0.00	0.00	1.68	(1.89)	26.03
RYBOX	1.62	(0.32)	0.00	(0.21)	0.00	0.00	1.52	(4.13)	33.76
RYABX	0.83	(0.20)	0.00	4.15	0.00	0.00	1.55	(1.83)	5.15
RYACX	0.85	(0.22)	0.00	0.33	0.00	0.00	1.59	(1.84)	9.08
RYAIX	0.81	(0.18)	0.00	0.28	0.00	0.00	1.61	(1.87)	7.35

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