Falling Dollar Correlations

FDPIX Fund

USD 14.04 0.02 0.14%

The current 90-days correlation between Falling Dollar Profund and Short Real Estate is -0.3 (i.e., Very good 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 0.13 (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 together with Falling Mutual Fund

0.76	UKPSX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.77	UKPIX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.84	WCPIX	Mobile Telecommunicatio	Pair Corr
0.86	WCPSX	Mobile Telecommunicatio	Pair Corr

Moving against Falling Mutual Fund

0.59	UJPIX	Ultrajapan Profund	Pair Corr
0.59	UJPSX	Ultrajapan Profund	Pair Corr
0.53	SRPIX	Short Real Estate	Pair Corr
0.48	UIPIX	Ultrashort Mid Cap	Pair Corr
0.45	UIPSX	Ultrashort Mid Cap	Pair Corr
0.33	GVPSX	Us Government Plus	Pair Corr
0.32	TEPIX	Technology Ultrasector	Pair Corr
0.31	OTPIX	Nasdaq 100 Profund	Pair Corr
0.31	OTPSX	Nasdaq 100 Profund	Pair Corr
0.36	OEPSX	Oil Equipment Services	Pair Corr
0.31	OEPIX	Oil Equipment Services	Pair Corr

Related Correlations Analysis

	SRPIX	SRPSX	UIPIX	UIPSX	TEPIX	TEPSX	LGPIX	LGPSX	BRPIX	BRPSX
SRPIX		0.9	0.17	0.19	0.1	0.07	0.17	0.14	-0.03	-0.09	SRPIX
SRPSX	0.9		0.2	0.2	-0.08	-0.01	0.09	0.07	0.04	0.02	SRPSX
UIPIX	0.17	0.2		0.81	-0.24	-0.34	-0.56	-0.56	0.71	0.69	UIPIX
UIPSX	0.19	0.2	0.81		-0.07	-0.12	-0.34	-0.34	0.46	0.43	UIPSX
TEPIX	0.1	-0.08	-0.24	-0.07		0.99	0.82	0.84	-0.76	-0.82	TEPIX
TEPSX	0.07	-0.01	-0.34	-0.12	0.99		0.88	0.89	-0.83	-0.83	TEPSX
LGPIX	0.17	0.09	-0.56	-0.34	0.82	0.88		1.0	-0.97	-0.96	LGPIX
LGPSX	0.14	0.07	-0.56	-0.34	0.84	0.89	1.0		-0.97	-0.96	LGPSX
BRPIX	-0.03	0.04	0.71	0.46	-0.76	-0.83	-0.97	-0.97		0.99	BRPIX
BRPSX	-0.09	0.02	0.69	0.43	-0.82	-0.83	-0.96	-0.96	0.99		BRPSX
	SRPIX	SRPSX	UIPIX	UIPSX	TEPIX	TEPSX	LGPIX	LGPSX	BRPIX	BRPSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LGPSX	+ 1.0	LGPIX
TEPSX	+ 0.99	TEPIX
BRPSX	+ 0.99	BRPIX
SRPSX	+ 0.9	SRPIX
LGPSX	+ 0.89	TEPSX
LGPIX	+ 0.88	TEPSX

High negative correlations

BRPIX	- 0.97	LGPSX
BRPIX	- 0.97	LGPIX
BRPSX	- 0.96	LGPSX
BRPSX	- 0.96	LGPIX
BRPSX	- 0.83	TEPSX
BRPIX	- 0.83	TEPSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRPIX	0.57	0.08	(0.02)	(0.11)	0.56	(0.71)	1.38	(1.12)	4.15
SRPSX	0.58	0.05	(0.05)	(0.06)	0.63	(0.64)	1.20	(1.07)	4.06
UIPIX	1.50	0.12	0.00	0.01	0.00	0.00	3.17	(3.66)	10.41
UIPSX	1.50	0.14	(0.03)	0.00	1.81	(1.70)	3.18	(3.64)	10.41
TEPIX	1.53	(0.06)	(0.01)	0.03	2.53	(1.28)	2.78	(4.03)	8.82
TEPSX	1.54	(0.11)	0.00	(0.01)	0.00	0.00	2.79	(4.03)	8.82
LGPIX	0.74	(0.05)	(0.05)	0.01	1.11	(0.68)	1.61	(1.78)	4.48
LGPSX	0.74	(0.05)	(0.05)	0.01	1.11	(0.68)	1.58	(1.76)	4.48
BRPIX	0.56	0.03	0.00	0.03	0.00	0.00	1.17	(1.16)	4.25
BRPSX	0.58	0.05	(0.10)	0.01	0.63	(0.76)	1.19	(1.18)	4.19

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