| BRPIX Fund | | | USD 11.33 0.02 0.18% |
The current 90-days correlation between Bear Profund Bear and Victory High Yield is -0.44 (i.e., Very good diversification). The correlation of Bear 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.
Bear Profund Correlation With Market
Pay attention - limited upside
The correlation between Bear Profund Bear and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bear Profund Bear and DJI in the same portfolio, assuming nothing else is changed.
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Trending Equities to better understand how to build diversified portfolios, which includes a position in Bear Profund Bear. 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.