Bull Profund Correlations

BLPIX Fund

USD 69.75 0.15 0.21%

The current 90-days correlation between Bull Profund Investor and Aqr Diversified Arbitrage is -0.02 (i.e., Good diversification). The correlation of Bull Profund 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.

Bull Profund Correlation With Market

Poor diversification

The correlation between Bull Profund Investor and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bull Profund Investor and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bull Profund Investor. 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 gross domestic product.

Moving together with Bull Mutual Fund

0.82	TEPIX	Technology Ultrasector	Pair Corr
0.78	TEPSX	Technology Ultrasector	Pair Corr
0.98	LGPIX	Large Cap Growth	Pair Corr
0.98	LGPSX	Profunds Large Cap	Pair Corr
0.98	OTPIX	Nasdaq 100 Profund	Pair Corr
0.98	OTPSX	Nasdaq 100 Profund	Pair Corr
0.77	UJPSX	Ultrajapan Profund	Pair Corr
0.91	MLPSX	Mid Cap Value	Pair Corr
0.91	MLPIX	Mid Cap Value	Pair Corr
0.8	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.67	PHPIX	Pharmaceuticals Ultrasector Steady Growth	Pair Corr
0.68	PHPSX	Pharmaceuticals Ultrasector Steady Growth	Pair Corr
0.95	INPIX	Internet Ultrasector	Pair Corr
0.96	INPSX	Internet Ultrasector	Pair Corr
0.99	ULPIX	Ultrabull Profund	Pair Corr
0.99	ULPSX	Ultrabull Profund	Pair Corr
0.73	WCPIX	Mobile Telecommunicatio	Pair Corr
0.72	OEPSX	Oil Equipment Services	Pair Corr
0.91	CYPIX	Consumer Services	Pair Corr
0.72	OEPIX	Oil Equipment Services Steady Growth	Pair Corr
0.9	SVPIX	Small Cap Value	Pair Corr
0.9	SVPSX	Small Cap Value	Pair Corr
0.92	UMPSX	Ultramid Cap Profund	Pair Corr
0.92	UMPIX	Ultramid Cap Profund	Pair Corr
0.98	UOPIX	Ultra Nasdaq 100	Pair Corr
0.98	UOPSX	Ultranasdaq 100 Profund	Pair Corr

Moving against Bull Mutual Fund

1.0	BRPSX	Bear Profund Bear	Pair Corr
0.93	UIPIX	Ultrashort Mid Cap	Pair Corr
0.93	UIPSX	Ultrashort Mid Cap	Pair Corr
0.43	GVPIX	Us Government Plus	Pair Corr
0.42	GVPSX	Us Government Plus	Pair Corr
0.77	UKPSX	Ultrashort Japan Profund	Pair Corr
0.39	UNPIX	Ultrainternational	Pair Corr
0.98	USPIX	Profunds Ultrashort	Pair Corr
0.93	SHPIX	Short Small Cap	Pair Corr
0.92	SHPSX	Short Small Cap	Pair Corr
0.39	UNPSX	Ultrainternational	Pair Corr

Related Correlations Analysis

	QDARX	VYRPX	HIIDX	ACBPX	DLTZX	TFCAX	TIICX
QDARX		0.48	0.85	0.88	0.95	0.95	0.55	QDARX
VYRPX	0.48		0.71	0.63	0.55	0.52	0.94	VYRPX
HIIDX	0.85	0.71		0.88	0.86	0.81	0.77	HIIDX
ACBPX	0.88	0.63	0.88		0.96	0.88	0.61	ACBPX
DLTZX	0.95	0.55	0.86	0.96		0.96	0.56	DLTZX
TFCAX	0.95	0.52	0.81	0.88	0.96		0.55	TFCAX
TIICX	0.55	0.94	0.77	0.61	0.56	0.55		TIICX
	QDARX	VYRPX	HIIDX	ACBPX	DLTZX	TFCAX	TIICX

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Risk-Adjusted Indicators

There is a big difference between Bull Mutual Fund performing well and Bull Profund 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 Bull Profund'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
QDARX	0.08	0.04	0.89	1.36	0.00	(0.13)	0.25	(0.08)	0.49
VYRPX	0.20	0.00	0.00	(0.05)	0.00	0.00	0.48	(0.38)	1.17
HIIDX	0.63	0.08	0.12	0.08	0.82	(0.65)	1.27	(0.97)	5.23
ACBPX	0.24	0.02	0.27	0.34	0.20	(0.30)	0.56	(0.44)	1.23
DLTZX	0.08	0.01	0.46	0.67	0.00	(0.18)	0.26	(0.13)	0.64
TFCAX	0.02	0.00	0.00	(0.28)	0.00	0.00	0.10	0.00	0.40
TIICX	0.37	0.01	0.00	(0.03)	0.00	0.00	0.78	(0.68)	1.57

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