Profunds Ultrashort Correlations

Mutual Funds . USA . 
Fund . Profunds Ultrashort Nasdaq 100
USPSX Fund  USD 24.66  0.08  0.33%   
The current 90-days correlation between Profunds Ultrashort and Stocksplus Tr Short is -0.07 (i.e., Good 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

Pay attention - limited upside

The correlation between Profunds Ultrashort Nasdaq 100 and DJI is -0.72 (i.e., Pay attention - limited upside) 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 state.

Moving together with Profunds Mutual Fund

  0.92UIPIX Ultrashort Mid CapPairCorr
  0.74GVPIX Us Government PlusPairCorr
  1.0USPIX Profunds UltrashortPairCorr
  0.89PSTIX Stocksplus Tr ShortPairCorr
  0.97PBRIX Federated Prudent BearPairCorr
  0.97BEARX Federated Prudent BearPairCorr
  0.97PBRCX Federated Prudent BearPairCorr
  0.9PSSCX Pimco StocksplusPairCorr
  0.98PSSAX Pimco StocksplusPairCorr
  0.89PSNNX Pimco Stocksplus ShortPairCorr
  0.95GRZZX Grizzly ShortPairCorr
  0.98RYURX Inverse Sp 500PairCorr
  0.98RYUCX Inverse Sp 500PairCorr

Moving against Profunds Mutual Fund

  0.97TEPIX Technology UltrasectorPairCorr
  0.92UMPSX Ultramid Cap ProfundPairCorr
  0.9MLPSX Mid Cap ValuePairCorr
  0.86SMPIX Semiconductor UltrasectorPairCorr
  0.85UAPIX Ultrasmall Cap ProfundPairCorr
  0.77UAPSX Ultrasmall Cap Profund Steady GrowthPairCorr
  0.75FNPIX Financials Ultrasector Steady GrowthPairCorr
  0.51ENPSX Oil Gas UltrasectorPairCorr
  0.9AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.9INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.9CSCO Cisco Systems Aggressive PushPairCorr
  0.88AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.87CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.82CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.73WMT Walmart Earnings Call This WeekPairCorr
  0.71FWWNX American Funds NewPairCorr
  0.66GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.63JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.62MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PSTIX  0.55 (0.16) 0.00 (3.05) 0.00 
 0.00 
 0.98 
(1.50)
 4.31 
PBRIX  0.58 (0.02) 0.00  0.18  0.00 
 0.00 
 1.15 
(1.58)
 4.34 
BEARX  0.55 (0.02) 0.00  0.18  0.00 
 0.00 
 0.99 
(1.46)
 4.31 
PBRCX  0.56 (0.02) 0.00  0.19  0.00 
 0.00 
 0.95 
(1.56)
 4.42 
PSSCX  0.55 (0.16) 0.00 (2.95) 0.00 
 0.00 
 0.95 
(1.55)
 4.22 
PSSAX  0.56 (0.02) 0.00  0.18  0.00 
 0.00 
 1.03 
(1.55)
 4.24 
PSNNX  0.57 (0.16) 0.00 (1.94) 0.00 
 0.00 
 0.99 
(1.52)
 4.21 
GRZZX  0.64 (0.04) 0.00  0.20  0.00 
 0.00 
 1.08 
(1.32)
 4.42 
RYURX  0.58 (0.01) 0.00  0.17  0.00 
 0.00 
 0.96 
(1.60)
 4.65 
RYUCX  0.58 (0.02) 0.00  0.18  0.00 
 0.00 
 0.97 
(1.60)
 4.66 

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