Inverse Government Correlations

RYAQX Fund

USD 193.05 0.18 0.09%

The current 90-days correlation between Inverse Government Long and World Precious Minerals is -0.08 (i.e., Good 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

Good diversification

The correlation between Inverse Government Long and DJI is -0.01 (i.e., Good 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 producer price index.

Moving together with Inverse Mutual Fund

0.61

RYCNX

Transportation Fund Class

Pair Corr

Moving against Inverse Mutual Fund

0.98	RYABX	Government Long Bond	Pair Corr
0.56	RYAIX	Inverse Nasdaq 100	Pair Corr
0.56	RYALX	Inverse Nasdaq 100	Pair Corr
0.55	RYACX	Inverse Nasdaq 100	Pair Corr
0.55	RYAPX	Inverse Nasdaq 100	Pair Corr
0.54	RYAGX	Inverse Mid Cap	Pair Corr
0.53	RYARX	Inverse Sp 500	Pair Corr
0.32	RYAFX	Inverse Russell 2000	Pair Corr
0.98	RYGBX	Government Long Bond	Pair Corr
0.86	RYCGX	Government Long Bond	Pair Corr
0.55	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.53	RYCBX	Inverse Sp 500	Pair Corr
0.52	RYCLX	Inverse Mid Cap	Pair Corr
0.51	RYCQX	Inverse Russell 2000	Pair Corr
0.48	RYCZX	Inverse Dow 2x	Pair Corr
0.47	RYCWX	Inverse Dow 2x	Pair Corr

Related Correlations Analysis

	UNWPX	GSYPX	SGDIX	EPGFX	RYPMX	OGMCX	GLDAX
UNWPX		0.62	0.88	0.97	0.93	0.78	0.85	UNWPX
GSYPX	0.62		0.44	0.54	0.58	0.42	0.3	GSYPX
SGDIX	0.88	0.44		0.92	0.84	0.89	0.97	SGDIX
EPGFX	0.97	0.54	0.92		0.93	0.8	0.93	EPGFX
RYPMX	0.93	0.58	0.84	0.93		0.87	0.84	RYPMX
OGMCX	0.78	0.42	0.89	0.8	0.87		0.86	OGMCX
GLDAX	0.85	0.3	0.97	0.93	0.84	0.86		GLDAX
	UNWPX	GSYPX	SGDIX	EPGFX	RYPMX	OGMCX	GLDAX

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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
UNWPX	1.21	0.21	0.04	(2.62)	1.18	(1.54)	2.72	(2.14)	7.43
GSYPX	0.87	0.25	0.08	(1.49)	0.80	(1.04)	2.43	(1.78)	5.86
SGDIX	1.38	0.11	(0.01)	4.85	2.03	(1.35)	3.31	(2.90)	11.33
EPGFX	1.35	0.12	0.00	1.67	1.93	(1.35)	2.35	(2.87)	10.25
RYPMX	1.61	0.28	0.02	(0.21)	2.08	(1.70)	3.33	(3.64)	10.87
OGMCX	1.41	0.21	(0.02)	(0.12)	1.92	(1.40)	3.02	(3.69)	10.45
GLDAX	1.51	0.06	(0.03)	(11.59)	2.31	(1.38)	3.11	(3.50)	12.29

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