Short Small-cap Correlations

SHPIX Fund

USD 55.69 0.22 0.40%

The current 90-days correlation between Short Small Cap and Fabwx is -0.08 (i.e., Good diversification). The correlation of Short Small-cap 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.

Short Small-cap Correlation With Market

Very good diversification

The correlation between Short Small Cap Profund and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Small Cap Profund and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Short Small Cap Profund. 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 Short Mutual Fund

0.73	SRPSX	Short Real Estate	Pair Corr
0.93	UIPSX	Ultrashort Mid Cap Steady Growth	Pair Corr
0.76	RRPSX	Rising Rates Opportunity	Pair Corr
0.76	RRPIX	Rising Rates Opportunity	Pair Corr

Moving against Short Mutual Fund

0.9	MLPIX	Mid Cap Value	Pair Corr
0.79	GVPSX	Us Government Plus Steady Growth	Pair Corr
0.72	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.65	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.51	GVPIX	Us Government Plus Steady Growth	Pair Corr
0.45	TEPIX	Technology Ultrasector	Pair Corr
0.42	LGPSX	Profunds Large Cap	Pair Corr
0.42	ENPIX	Oil Gas Ultrasector	Pair Corr
0.41	LGPIX	Large Cap Growth	Pair Corr
0.98	SVPIX	Small Cap Value	Pair Corr
0.98	SGPIX	Small Cap Growth	Pair Corr
0.84	ULPSX	Ultrabull Profund	Pair Corr
0.82	SGPSX	Small Cap Growth	Pair Corr
0.8	ULPIX	Ultrabull Profund	Pair Corr
0.61	FDPSX	Falling Dollar Profund	Pair Corr
0.55	UMPSX	Ultramid Cap Profund	Pair Corr
0.55	UMPIX	Ultramid Cap Profund	Pair Corr
0.49	CYPSX	Consumer Services	Pair Corr
0.49	UOPIX	Ultra Nasdaq 100	Pair Corr
0.39	INPIX	Internet Ultrasector	Pair Corr

Related Correlations Analysis

	FABWX	FDZBPX	WABMSX	FSULTX	IAADX	FLKYPX
FABWX		0.67	0.64	0.05	0.33	0.78	FABWX
FDZBPX	0.67		0.79	0.55	0.73	0.57	FDZBPX
WABMSX	0.64	0.79		0.58	0.72	0.68	WABMSX
FSULTX	0.05	0.55	0.58		0.3	0.08	FSULTX
IAADX	0.33	0.73	0.72	0.3		0.3	IAADX
FLKYPX	0.78	0.57	0.68	0.08	0.3		FLKYPX
	FABWX	FDZBPX	WABMSX	FSULTX	IAADX	FLKYPX

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Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Small-cap 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 Short Small-cap'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
FABWX	0.84	0.00	0.00	0.14	1.47	(0.79)	1.52	(2.13)	6.74
FDZBPX	0.35	0.02	0.02	(0.52)	0.47	(0.39)	0.70	(0.79)	2.21
WABMSX	0.50	0.07	0.10	0.19	0.49	(0.55)	1.13	(1.21)	2.69
FSULTX	0.28	0.03	0.06	0.52	0.32	(0.31)	0.61	(0.42)	1.75
IAADX	0.18	0.02	0.06	0.65	0.07	(0.25)	0.44	(0.33)	0.88
FLKYPX	0.80	0.00	0.00	0.02	1.41	(0.78)	1.80	(2.43)	6.36

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