Profunds - Correlations
| MPIXX Fund | 1.00 0.00 0.00% |
The correlation of Profunds - 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 |
Related Correlations Analysis
| 0.98 | 0.98 | 1.0 | 0.98 | 1.0 | MDAKX | ||
| 0.98 | 1.0 | 0.98 | 1.0 | 0.98 | VTRRX | ||
| 0.98 | 1.0 | 0.98 | 1.0 | 0.98 | VRRJX | ||
| 1.0 | 0.98 | 0.98 | 0.98 | 0.99 | TWSMX | ||
| 0.98 | 1.0 | 1.0 | 0.98 | 0.98 | BIMPX | ||
| 1.0 | 0.98 | 0.98 | 0.99 | 0.98 | JLMOX | ||
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Risk-Adjusted Indicators
There is a big difference between Profunds Money Market Fund performing well and Profunds - Money Market 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 -'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MDAKX | 0.34 | 0.05 | (0.13) | 0.33 | 0.00 | 1.19 | 2.54 | |||
| VTRRX | 0.49 | 0.26 | 0.00 | (1.92) | 0.07 | 1.68 | 3.85 | |||
| VRRJX | 0.39 | 0.20 | (0.08) | (1.72) | 0.00 | 1.46 | 3.01 | |||
| TWSMX | 0.37 | 0.05 | (0.09) | 0.33 | 0.00 | 1.10 | 2.69 | |||
| BIMPX | 0.30 | 0.14 | (0.23) | (2.10) | 0.00 | 1.00 | 2.03 | |||
| JLMOX | 0.25 | 0.04 | (0.29) | 0.33 | 0.00 | 0.82 | 1.96 |