Predex Funds Correlations
| PRDEX Fund | USD 23.40 0.00 0.00% |
The correlation of Predex Funds 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.
Predex |
Related Correlations Analysis
| 0.95 | 0.97 | 0.99 | 0.96 | 0.97 | ASVIX | ||
| 0.95 | 0.97 | 0.96 | 0.96 | 1.0 | FGSCX | ||
| 0.97 | 0.97 | 0.96 | 0.98 | 0.98 | BPSCX | ||
| 0.99 | 0.96 | 0.96 | 0.95 | 0.97 | MAMEX | ||
| 0.96 | 0.96 | 0.98 | 0.95 | 0.96 | NSCCX | ||
| 0.97 | 1.0 | 0.98 | 0.97 | 0.96 | TRMNX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Predex Mutual Fund performing well and Predex Funds 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 Predex Funds' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASVIX | 0.83 | 0.00 | 0.00 | (0.09) | 0.00 | 1.72 | 4.45 | |||
| FGSCX | 1.15 | (0.03) | 0.00 | (0.12) | 0.00 | 1.93 | 5.95 | |||
| BPSCX | 0.79 | 0.00 | 0.00 | (0.10) | 0.00 | 1.51 | 4.06 | |||
| MAMEX | 0.81 | 0.00 | 0.00 | (0.10) | 0.00 | 1.47 | 4.05 | |||
| NSCCX | 0.81 | 0.00 | 0.00 | (0.10) | 0.00 | 1.57 | 4.25 | |||
| TRMNX | 1.07 | (0.01) | 0.00 | (0.10) | 0.00 | 1.75 | 5.74 |