Bear Profund Correlations

BRPSX Fund

USD 9.67 0.05 0.52%

The current 90-days correlation between Bear Profund Bear and Dws Emerging Markets is -0.13 (i.e., 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

Very good diversification

The correlation between Bear Profund Bear and DJI is -0.44 (i.e., Very good diversification) 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.

Check out 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 state.

Moving together with Bear Mutual Fund

0.72	SRPSX	Short Real Estate	Pair Corr
0.73	UIPIX	Ultrashort Mid Cap Steady Growth	Pair Corr
0.73	UIPSX	Ultrashort Mid Cap Steady Growth	Pair Corr
0.77	BRPIX	Bear Profund Bear	Pair Corr

Moving against Bear Mutual Fund

0.77	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.75	LGPSX	Profunds Large Cap	Pair Corr
0.73	MLPIX	Mid Cap Value	Pair Corr
0.72	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.5	GVPSX	Us Government Plus Steady Growth	Pair Corr
0.47	LGPIX	Large Cap Growth	Pair Corr
0.47	OTPIX	Nasdaq 100 Profund	Pair Corr
0.47	OTPSX	Nasdaq 100 Profund	Pair Corr
0.47	ENPSX	Oil Gas Ultrasector	Pair Corr
0.39	ENPIX	Oil Gas Ultrasector	Pair Corr
0.36	TEPIX	Technology Ultrasector	Pair Corr
0.36	GVPIX	Us Government Plus Steady Growth	Pair Corr
0.94	ULPIX	Ultrabull Profund	Pair Corr
0.89	ULPSX	Ultrabull Profund	Pair Corr
0.78	UOPIX	Ultra Nasdaq 100	Pair Corr
0.7	UMPIX	Ultramid Cap Profund	Pair Corr
0.68	WCPIX	Mobile Telecommunicatio	Pair Corr
0.64	SGPIX	Small Cap Growth	Pair Corr
0.6	SVPIX	Small Cap Value	Pair Corr
0.6	UNPSX	Ultrainternational	Pair Corr
0.57	SGPSX	Small Cap Growth	Pair Corr
0.55	INPIX	Internet Ultrasector	Pair Corr
0.55	INPSX	Internet Ultrasector	Pair Corr
0.55	WCPSX	Mobile Telecommunicatio	Pair Corr
0.54	FDPSX	Falling Dollar Profund	Pair Corr
0.48	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.47	CYPSX	Consumer Services	Pair Corr
0.47	UMPSX	Ultramid Cap Profund	Pair Corr

Related Correlations Analysis

	SEKRX	PRMDX	SEDAX	EMSLX	REMVX	BXECX
SEKRX		0.47	0.7	0.81	0.88	0.65	SEKRX
PRMDX	0.47		0.72	0.71	0.61	0.79	PRMDX
SEDAX	0.7	0.72		0.79	0.83	0.94	SEDAX
EMSLX	0.81	0.71	0.79		0.89	0.74	EMSLX
REMVX	0.88	0.61	0.83	0.89		0.76	REMVX
BXECX	0.65	0.79	0.94	0.74	0.76		BXECX
	SEKRX	PRMDX	SEDAX	EMSLX	REMVX	BXECX

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Risk-Adjusted Indicators

There is a big difference between Bear Mutual Fund performing well and Bear 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 Bear 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
SEKRX	0.64	0.06	0.06	1.37	0.77	(0.71)	1.52	(1.56)	3.71
PRMDX	0.07	0.00	(0.02)	0.00	0.00	(0.22)	0.20	(0.20)	0.78
SEDAX	0.25	0.04	0.11	0.59	0.15	(0.32)	0.60	(0.36)	1.56
EMSLX	0.62	0.03	0.03	0.17	0.86	(0.60)	1.25	(1.34)	3.66
REMVX	0.64	0.06	0.06	0.16	0.74	(0.71)	1.47	(1.38)	3.39
BXECX	0.21	0.03	0.08	(0.72)	0.06	(0.30)	0.54	(0.40)	1.35

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