Profunds Money Correlations
| MPIXX Fund | 1.00 0.00 0.00% |
The correlation of Profunds Money 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
| 0.48 | 0.43 | 0.85 | 0.91 | 0.43 | 0.87 | DNCGX | ||
| 0.48 | 0.83 | 0.7 | 0.32 | 0.83 | 0.56 | DVPXX | ||
| 0.43 | 0.83 | 0.77 | 0.22 | 1.0 | 0.67 | PBMXX | ||
| 0.85 | 0.7 | 0.77 | 0.64 | 0.77 | 0.95 | SMAAX | ||
| 0.91 | 0.32 | 0.22 | 0.64 | 0.22 | 0.68 | FICMX | ||
| 0.43 | 0.83 | 1.0 | 0.77 | 0.22 | 0.67 | IVMXX | ||
| 0.87 | 0.56 | 0.67 | 0.95 | 0.68 | 0.67 | SSAGX | ||
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Risk-Adjusted Indicators
There is a big difference between Profunds Money Market Fund performing well and Profunds Money 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 Money'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DNCGX | 0.19 | 0.01 | (0.42) | 0.24 | 0.15 | 0.32 | 1.05 | |||
| DVPXX | 0.03 | 0.01 | 0.00 | (3.32) | 0.00 | 0.00 | 1.01 | |||
| PBMXX | 0.03 | 0.00 | 0.00 | 1.43 | 0.00 | 0.00 | 1.01 | |||
| SMAAX | 0.11 | 0.03 | (0.55) | 1.06 | 0.00 | 0.21 | 0.72 | |||
| FICMX | 0.31 | 0.00 | (0.26) | 0.11 | 0.35 | 0.56 | 1.49 | |||
| IVMXX | 0.03 | 0.00 | 0.00 | 1.43 | 0.00 | 0.00 | 1.01 | |||
| SSAGX | 0.06 | 0.01 | (1.17) | 0.49 | 0.00 | 0.10 | 0.61 |