Mid Cap Correlations

MLPIX Fund

USD 117.34 1.56 1.35%

The current 90-days correlation between Mid Cap Value and Pender Real Estate is -0.06 (i.e., Good diversification). The correlation of Mid 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.

Mid Cap Correlation With Market

Good diversification

The correlation between Mid Cap Value Profund and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap Value Profund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mid Cap Value 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 Mid Mutual Fund

0.96	TEPIX	Technology Ultrasector	Pair Corr
0.96	TEPSX	Technology Ultrasector	Pair Corr
0.96	LGPIX	Large Cap Growth	Pair Corr
0.96	LGPSX	Profunds Large Cap	Pair Corr
0.95	OTPIX	Nasdaq 100 Profund	Pair Corr
0.9	UJPIX	Ultrajapan Profund Steady Growth	Pair Corr
0.95	OTPSX	Nasdaq 100 Profund	Pair Corr
0.94	UJPSX	Ultrajapan Profund Steady Growth	Pair Corr
0.96	MLPSX	Mid Cap Value	Pair Corr
0.77	ENPSX	Oil Gas Ultrasector	Pair Corr
0.78	ENPIX	Oil Gas Ultrasector	Pair Corr
0.88	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.68	PHPIX	Pharmaceuticals Ultrasector Steady Growth	Pair Corr
0.67	PHPSX	Pharmaceuticals Ultrasector Steady Growth	Pair Corr
0.93	INPIX	Internet Ultrasector	Pair Corr
0.94	INPSX	Internet Ultrasector	Pair Corr
0.97	ULPIX	Ultrabull Profund	Pair Corr
0.96	ULPSX	Ultrabull Profund	Pair Corr
0.93	WCPIX	Mobile Telecommunicatio	Pair Corr
0.93	WCPSX	Mobile Telecommunicatio	Pair Corr
0.75	OEPSX	Oil Equipment Services Steady Growth	Pair Corr
0.91	CYPSX	Consumer Services	Pair Corr
0.92	CYPIX	Consumer Services	Pair Corr
0.77	OEPIX	Oil Equipment Services Steady Growth	Pair Corr
0.95	SVPIX	Small Cap Value	Pair Corr
0.95	SVPSX	Small Cap Value	Pair Corr
0.96	UMPSX	Ultramid Cap Profund	Pair Corr
0.96	UMPIX	Ultramid Cap Profund	Pair Corr

Moving against Mid Mutual Fund

0.98	UIPSX	Ultrashort Mid Cap	Pair Corr
0.96	BRPIX	Bear Profund Bear	Pair Corr
0.96	BRPSX	Bear Profund Bear	Pair Corr
0.95	UIPIX	Ultrashort Mid Cap	Pair Corr
0.95	UKPIX	Ultrashort Japan Profund	Pair Corr
0.91	UKPSX	Ultrashort Japan Profund	Pair Corr
0.63	SRPSX	Short Real Estate Potential Growth	Pair Corr
0.57	SRPIX	Short Real Estate Potential Growth	Pair Corr
0.41	GVPSX	Us Government Plus	Pair Corr
0.38	GVPIX	Us Government Plus	Pair Corr

Related Correlations Analysis

	PNDIX	SEIRX	NRCFX	VGSIX	MRESX	BREUX	TIREX	CREMX
PNDIX		0.69	0.73	0.78	0.63	0.87	0.65	1.0	PNDIX
SEIRX	0.69		0.77	0.82	0.82	0.73	0.99	0.7	SEIRX
NRCFX	0.73	0.77		0.89	0.91	0.71	0.77	0.75	NRCFX
VGSIX	0.78	0.82	0.89		0.96	0.87	0.81	0.79	VGSIX
MRESX	0.63	0.82	0.91	0.96		0.75	0.82	0.65	MRESX
BREUX	0.87	0.73	0.71	0.87	0.75		0.71	0.88	BREUX
TIREX	0.65	0.99	0.77	0.81	0.82	0.71		0.67	TIREX
CREMX	1.0	0.7	0.75	0.79	0.65	0.88	0.67		CREMX
	PNDIX	SEIRX	NRCFX	VGSIX	MRESX	BREUX	TIREX	CREMX

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Risk-Adjusted Indicators

There is a big difference between Mid Mutual Fund performing well and Mid 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 Mid 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
PNDIX	0.04	0.02	0.00	3.14	0.00	0.00	0.10	0.00	0.20
SEIRX	0.58	(0.04)	(0.13)	0.17	0.73	(0.61)	1.72	(1.19)	4.47
NRCFX	0.53	0.09	(0.17)	22.52	0.66	(0.56)	1.38	(1.18)	3.75
VGSIX	0.61	0.10	(0.13)	(3.01)	0.84	(0.59)	1.71	(1.43)	4.71
MRESX	0.59	0.08	(0.15)	(5.57)	0.81	(0.63)	1.79	(1.23)	4.52
BREUX	0.85	0.27	0.01	(1.79)	0.89	(0.94)	2.18	(1.87)	5.83
TIREX	0.57	(0.03)	(0.13)	0.18	0.70	(0.61)	1.61	(1.22)	4.47
CREMX	0.02	0.02	0.00	(7.48)	0.00	0.00	0.08	0.00	0.16

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