Profunds Ultrashort Correlations

USPIX Fund

USD 29.63 1.48 5.26%

The current 90-days correlation between Profunds Ultrashort and Amg River Road is 0.03 (i.e., Significant diversification). The correlation of Profunds Ultrashort 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.

Profunds Ultrashort Correlation With Market

Excellent diversification

The correlation between Profunds Ultrashort Nasdaq 100 and DJI is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Profunds Ultrashort Nasdaq 100 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 Profunds Ultrashort Nasdaq 100. 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 Profunds Mutual Fund

0.93	UIPIX	Ultrashort Mid Cap	Pair Corr
0.93	UIPSX	Ultrashort Mid Cap	Pair Corr
0.91	BRPIX	Bear Profund Bear	Pair Corr
0.99	BRPSX	Bear Profund Bear	Pair Corr

Moving against Profunds Mutual Fund

0.99	LGPIX	Large Cap Growth	Pair Corr
0.99	LGPSX	Profunds Large Cap	Pair Corr
0.97	TEPIX	Technology Ultrasector	Pair Corr
0.97	TEPSX	Technology Ultrasector	Pair Corr
0.91	MLPIX	Mid Cap Value	Pair Corr
0.77	MLPSX	Mid Cap Value	Pair Corr
0.71	OTPIX	Nasdaq 100 Profund	Pair Corr
0.71	OTPSX	Nasdaq 100 Profund	Pair Corr
0.66	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.64	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.55	UJPIX	Ultrajapan Profund	Pair Corr
0.55	UJPSX	Ultrajapan Profund	Pair Corr
1.0	UOPIX	Ultra Nasdaq 100 Downward Rally	Pair Corr
1.0	UOPSX	Ultranasdaq 100 Profund Downward Rally	Pair Corr
0.99	ULPSX	Ultrabull Profund	Pair Corr
0.96	INPIX	Internet Ultrasector	Pair Corr
0.93	CYPSX	Consumer Services	Pair Corr
0.92	CYPIX	Consumer Services	Pair Corr
0.92	SVPIX	Small Cap Value	Pair Corr
0.92	UMPSX	Ultramid Cap Profund	Pair Corr
0.91	ULPIX	Ultrabull Profund	Pair Corr
0.9	INPSX	Internet Ultrasector	Pair Corr
0.89	UMPIX	Ultramid Cap Profund	Pair Corr
0.8	OEPSX	Oil Equipment Services	Pair Corr
0.77	OEPIX	Oil Equipment Services	Pair Corr
0.67	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.67	SVPSX	Small Cap Value	Pair Corr
0.59	WCPSX	Mobile Telecommunicatio	Pair Corr

Related Correlations Analysis

	ARSVX	ARSMX	PRDMX	FMCRX	UCPIX	LVAQX	TIMVX	IAAEX
ARSVX		0.99	0.91	0.99	-0.92	0.98	0.91	0.25	ARSVX
ARSMX	0.99		0.91	0.98	-0.89	0.98	0.9	0.31	ARSMX
PRDMX	0.91	0.91		0.95	-0.88	0.94	0.85	0.23	PRDMX
FMCRX	0.99	0.98	0.95		-0.92	0.99	0.89	0.23	FMCRX
UCPIX	-0.92	-0.89	-0.88	-0.92		-0.91	-0.86	-0.02	UCPIX
LVAQX	0.98	0.98	0.94	0.99	-0.91		0.89	0.27	LVAQX
TIMVX	0.91	0.9	0.85	0.89	-0.86	0.89		0.26	TIMVX
IAAEX	0.25	0.31	0.23	0.23	-0.02	0.27	0.26		IAAEX
	ARSVX	ARSMX	PRDMX	FMCRX	UCPIX	LVAQX	TIMVX	IAAEX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ARSMX	+ 0.99	ARSVX
FMCRX	+ 0.99	ARSVX
LVAQX	+ 0.99	FMCRX
LVAQX	+ 0.98	ARSVX
FMCRX	+ 0.98	ARSMX
LVAQX	+ 0.98	ARSMX

High negative correlations

UCPIX	- 0.92	FMCRX
UCPIX	- 0.92	ARSVX
LVAQX	- 0.91	UCPIX
UCPIX	- 0.89	ARSMX
UCPIX	- 0.88	PRDMX
TIMVX	- 0.86	UCPIX

Risk-Adjusted Indicators

There is a big difference between Profunds Mutual Fund performing well and Profunds Ultrashort 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 Profunds Ultrashort'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
ARSVX	0.68	(0.04)	0.00	0.72	0.00	0.00	1.47	(1.50)	3.39
ARSMX	0.68	(0.03)	0.00	1.77	0.00	0.00	1.17	(1.01)	3.08
PRDMX	1.27	(0.09)	0.00	(8.42)	0.00	0.00	2.00	(2.48)	6.08
FMCRX	0.85	(0.08)	0.00	1.64	0.00	0.00	1.46	(1.61)	4.06
UCPIX	1.91	0.20	0.16	(0.14)	2.16	(2.09)	4.57	(3.62)	10.95
LVAQX	0.77	(0.06)	0.00	0.94	0.00	0.00	1.58	(1.73)	3.61
TIMVX	0.75	(0.01)	0.00	(0.07)	0.00	0.00	1.41	(1.74)	3.55
IAAEX	0.77	(0.06)	0.00	1.04	0.00	0.00	1.41	(1.19)	9.17

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