Inverse Mid-cap Correlations

RYAGX Fund

USD 38.87 0.74 1.87%

The current 90-days correlation between Inverse Mid Cap and Franklin Moderate Allocation is -0.78 (i.e., Pay attention - limited upside). The correlation of Inverse Mid-cap 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 Mid-cap Correlation With Market

Good diversification

The correlation between Inverse Mid Cap Strategy and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inverse Mid Cap 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 Inverse Mid Cap 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 rate.

Moving together with Inverse Mutual Fund

0.71	RYBOX	Biotechnology Fund Class	Pair Corr
0.73	RYCFX	Biotechnology Fund Class	Pair Corr

Moving against Inverse Mutual Fund

0.95	RYAHX	Mid Cap 15x	Pair Corr
0.81	RYAWX	Sp 500 Pure	Pair Corr
0.77	RYDCX	Mid Cap 15x	Pair Corr
0.72	RYAVX	Sp Midcap 400	Pair Corr
0.7	RYAZX	Sp Smallcap 600 Steady Growth	Pair Corr
0.58	RYBKX	Banking Fund Class	Pair Corr
0.46	RYAKX	Russell 2000 15x Steady Growth	Pair Corr
0.31	RYBMX	Basic Materials	Pair Corr
0.88	RYFNX	Financial Services	Pair Corr
0.79	RYFIX	Financial Services	Pair Corr
0.63	RYCAX	Consumer Products	Pair Corr
0.63	RYCPX	Consumer Products	Pair Corr
0.62	RYCIX	Consumer Products	Pair Corr
0.62	RYCRX	Real Estate Fund	Pair Corr
0.35	RYCMX	Russell 2000 15x Steady Growth	Pair Corr

Related Correlations Analysis

	FMTIX	PBLIX	CBSYX	LSAAX	MAMOX	SEHAX	BBISX
FMTIX		0.99	0.91	0.96	0.9	0.78	0.84	FMTIX
PBLIX	0.99		0.89	0.96	0.88	0.77	0.79	PBLIX
CBSYX	0.91	0.89		0.91	0.96	0.84	0.87	CBSYX
LSAAX	0.96	0.96	0.91		0.85	0.68	0.81	LSAAX
MAMOX	0.9	0.88	0.96	0.85		0.94	0.89	MAMOX
SEHAX	0.78	0.77	0.84	0.68	0.94		0.88	SEHAX
BBISX	0.84	0.79	0.87	0.81	0.89	0.88		BBISX
	FMTIX	PBLIX	CBSYX	LSAAX	MAMOX	SEHAX	BBISX

Risk-Adjusted Indicators

There is a big difference between Inverse Mutual Fund performing well and Inverse Mid-cap 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 Mid-cap'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
FMTIX	0.34	0.05	(0.01)	0.52	0.42	(0.32)	0.72	(0.76)	2.14
PBLIX	0.49	0.05	0.00	0.46	0.74	(0.47)	1.02	(1.11)	3.26
CBSYX	0.35	0.03	0.00	0.12	0.35	(0.37)	0.71	(0.71)	2.04
LSAAX	0.44	0.06	0.01	3.44	0.58	(0.49)	1.09	(0.87)	3.21
MAMOX	0.35	0.01	(0.02)	0.08	0.47	(0.34)	0.74	(0.74)	2.17
SEHAX	0.53	0.01	0.00	0.06	0.69	(0.52)	1.24	(1.28)	3.46
BBISX	0.54	0.04	0.05	0.10	0.53	(0.59)	1.25	(1.27)	3.29

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