Falling Dollar Correlations

Mutual Funds . USA . 
Fund . Falling Dollar Profund
FDPIX Fund  USD 14.04  0.02  0.14%   
The current 90-days correlation between Falling Dollar Profund and Ab Select Equity is 0.1 (i.e., Average diversification). The correlation of Falling Dollar 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.

Falling Dollar Correlation With Market

Average diversification

The correlation between Falling Dollar Profund and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Falling Dollar Profund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Falling Dollar 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 against Falling Mutual Fund

  0.52UKPSX Ultrashort Japan ProfundPairCorr
  0.45BRPIX Bear Profund BearPairCorr
  0.45BRPSX Bear Profund BearPairCorr
  0.41UKPIX Ultrashort Japan ProfundPairCorr
  0.33UIPIX Ultrashort Mid CapPairCorr
  0.33UIPSX Ultrashort Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Falling Mutual Fund performing well and Falling Dollar 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 Falling Dollar'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.

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