Bear Profund Correlations

Mutual Funds . USA . 
Fund . Bear Profund Bear
BRPIX Fund  USD 10.14  0.06  0.59%   
The current 90-days correlation between Bear Profund Bear and Artisan High Income is -0.63 (i.e., Excellent diversification). 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

Significant diversification

The correlation between Bear Profund Bear and DJI is 0.08 (i.e., Significant diversification) 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

  0.67SRPIX Short Real EstatePairCorr
  0.71SRPSX Short Real EstatePairCorr
  0.96UIPIX Ultrashort Mid CapPairCorr
  0.98UIPSX Ultrashort Mid CapPairCorr
  1.0BRPSX Bear Profund BearPairCorr
  0.93UKPSX Ultrashort Japan ProfundPairCorr

Moving against Bear Mutual Fund

  1.0LGPIX Large Cap GrowthPairCorr
  1.0LGPSX Profunds Large CapPairCorr
  0.98TEPIX Technology UltrasectorPairCorr
  0.98OTPIX Nasdaq 100 ProfundPairCorr
  0.95UJPSX Ultrajapan ProfundPairCorr
  0.94MLPSX Mid Cap ValuePairCorr
  0.94MLPIX Mid Cap ValuePairCorr
  0.77OTPSX Nasdaq 100 ProfundPairCorr
  0.76ENPSX Oil Gas UltrasectorPairCorr
  0.76ENPIX Oil Gas UltrasectorPairCorr
  0.64UJPIX Ultrajapan ProfundPairCorr
  0.99INPSX Internet UltrasectorPairCorr
  0.98INPIX Internet UltrasectorPairCorr
  0.98ULPSX Ultrabull ProfundPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.98UOPSX Ultranasdaq 100 ProfundPairCorr
  0.97WCPSX Mobile TelecommunicatioPairCorr
  0.97CYPIX Consumer ServicesPairCorr
  0.95UMPSX Ultramid Cap ProfundPairCorr
  0.95UMPIX Ultramid Cap ProfundPairCorr
  0.94CYPSX Consumer ServicesPairCorr
  0.93SVPIX Small Cap ValuePairCorr
  0.93SVPSX Small Cap ValuePairCorr
  0.91BTCFX Bitcoin Strategy ProfundPairCorr
  0.81OEPIX Oil Equipment ServicesPairCorr
  0.78OEPSX Oil Equipment ServicesPairCorr
  0.74PHPIX Pharmaceuticals UltrasectorPairCorr
  0.69ULPIX Ultrabull ProfundPairCorr
  0.49FDPSX Falling Dollar ProfundPairCorr
  0.47FDPIX Falling Dollar ProfundPairCorr
  0.99IDPIX Industrials UltrasectorPairCorr
  0.98MDPIX Mid Cap ProfundPairCorr

Related Correlations Analysis

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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.

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