Bear Profund Correlations

BRPIX Fund

USD 11.73 0.02 0.17%

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 -0.94 (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.

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 gross domestic product.

Moving together with Bear Mutual Fund

0.88	SHPSX	Short Small Cap	Pair Corr
0.89	UCPIX	Ultrashort Small Cap	Pair Corr
0.93	PSTIX	Stocksplus Tr Short	Pair Corr
0.97	PBRIX	Federated Prudent Bear	Pair Corr
0.92	BEARX	Federated Prudent Bear	Pair Corr
0.92	PBRCX	Federated Prudent Bear	Pair Corr
0.97	PSSCX	Pimco Stocksplus	Pair Corr
0.97	PSSAX	Pimco Stocksplus	Pair Corr
1.0	PSNNX	Pimco Stocksplus Short	Pair Corr
0.96	GRZZX	Grizzly Short	Pair Corr
0.92	RYURX	Inverse Sp 500	Pair Corr
0.98	RYUCX	Inverse Sp 500	Pair Corr

Moving against Bear Mutual Fund

0.93	FNPIX	Financials Ultrasector	Pair Corr
0.86	UMPSX	Ultramid Cap Profund	Pair Corr
0.85	MGPIX	Mid Cap Growth	Pair Corr
0.84	MDPIX	Mid Cap Profund	Pair Corr
0.78	SMPIX	Semiconductor Ultrasector	Pair Corr
0.78	CIF	Mfs Intermediate High	Pair Corr
0.69	NXJ	Nuveen New Jersey	Pair Corr
0.6	XDSMX	Dreyfus Strategic	Pair Corr
0.59	XNXJX	Nuveen New Jersey	Pair Corr
0.52	PFN	Pimco Income Strategy	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr
0.86	AXP	American Express Earnings Call Today	Pair Corr
0.85	BAC	Bank of America	Pair Corr
0.85	HPQ	HP Inc	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.75	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.74	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.73	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.68	PFE	Pfizer Inc	Pair Corr
0.67	PCF	Putnam High Income	Pair Corr
0.63	XNBHX	Neuberger Berman Int	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.53	XPPRX	Voya Prime Rate	Pair Corr
0.42	IBM	International Business Earnings Call This Week	Pair Corr
0.31	MRK	Merck Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VUVAF	SAREX	NMMRF	RRSCX	FIKMX	FREEX
VUVAF		0.0	0.0	0.0	0.0	0.0	VUVAF
SAREX	0.0		-0.14	0.85	0.88	0.88	SAREX
NMMRF	0.0	-0.14		-0.34	0.13	-0.17	NMMRF
RRSCX	0.0	0.85	-0.34		0.82	0.97	RRSCX
FIKMX	0.0	0.88	0.13	0.82		0.9	FIKMX
FREEX	0.0	0.88	-0.17	0.97	0.9		FREEX
	VUVAF	SAREX	NMMRF	RRSCX	FIKMX	FREEX

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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

FREEX	+ 0.97	RRSCX
FREEX	+ 0.9	FIKMX
FIKMX	+ 0.88	SAREX
FREEX	+ 0.88	SAREX
RRSCX	+ 0.85	SAREX
FIKMX	+ 0.82	RRSCX

High negative correlations

RRSCX	- 0.34	NMMRF
FREEX	- 0.17	NMMRF
NMMRF	- 0.14	SAREX
FREEX	- 0.0	VUVAF
FIKMX	- 0.0	VUVAF
RRSCX	- 0.0	VUVAF

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
VUVAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAREX	1.07	0.00	0.07	(0.08)	1.56	(1.03)	1.89	(2.50)	7.97
NMMRF	0.07	0.03	0.00	1.21	0.00	0.00	0.00	0.00	2.35
RRSCX	0.87	0.08	0.08	0.03	1.30	(0.87)	1.63	(2.07)	6.08
FIKMX	0.33	0.02	0.13	(0.01)	0.62	(0.31)	0.59	(0.77)	2.99
FREEX	1.02	0.08	0.07	0.02	1.48	(1.02)	1.77	(2.57)	7.39

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