Inverse Russell Correlations

RYAFX Fund

USD 143.38 0.33 0.23%

The current 90-days correlation between Inverse Russell 2000 and Advent Claymore Convertible is 0.04 (i.e., Significant diversification). The correlation of Inverse Russell 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 Russell Correlation With Market

Average diversification

The correlation between Inverse Russell 2000 and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Russell 2000 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 Russell 2000. 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 census.

Moving together with Inverse Mutual Fund

0.96	PSTIX	Stocksplus Tr Short	Pair Corr
0.97	PBRIX	Federated Prudent Bear	Pair Corr
0.97	BEARX	Federated Prudent Bear	Pair Corr
0.97	PBRCX	Federated Prudent Bear	Pair Corr
0.96	PSSCX	Pimco Stocksplus	Pair Corr
0.96	PSSAX	Pimco Stocksplus	Pair Corr
0.96	PSNNX	Pimco Stocksplus Short	Pair Corr
0.88	GRZZX	Grizzly Short	Pair Corr
0.98	RYURX	Inverse Sp 500	Pair Corr
0.98	RYUCX	Inverse Sp 500	Pair Corr

Moving against Inverse Mutual Fund

0.93	DIERX	Dreyfus International	Pair Corr
0.92	BAC	Bank of America	Pair Corr
0.9	EMDIX	Federated Emerging Market	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.86	DIS	Walt Disney	Pair Corr
0.85	GE	GE Aerospace	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.77	MMM	3M Company	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.54	AA	Alcoa Corp	Pair Corr
0.54	HD	Home Depot	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.38	T	ATT Inc	Pair Corr
0.32	INTC	Intel	Pair Corr

Related Correlations Analysis

	XAVKX	LCFYX	PCNTX	PBXIX	ARBOX
XAVKX		0.92	0.92	0.93	0.82	XAVKX
LCFYX	0.92		0.99	0.82	0.96	LCFYX
PCNTX	0.92	0.99		0.86	0.96	PCNTX
PBXIX	0.93	0.82	0.86		0.71	PBXIX
ARBOX	0.82	0.96	0.96	0.71		ARBOX
	XAVKX	LCFYX	PCNTX	PBXIX	ARBOX

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Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Russell 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 Russell'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
XAVKX	0.81	0.01	0.00	0.04	1.28	(0.82)	1.72	(1.79)	6.06
LCFYX	0.57	0.09	0.08	0.23	0.75	(0.59)	1.22	(1.14)	4.64
PCNTX	0.66	0.08	0.07	0.16	0.92	(0.69)	1.32	(1.41)	6.25
PBXIX	0.48	(0.01)	(0.03)	(0.01)	0.73	(0.57)	0.84	(1.35)	4.88
ARBOX	0.07	0.01	(0.13)	0.60	0.00	(0.12)	0.18	(0.09)	0.35

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