Ultrasmall Cap Correlations

UAPSX Fund

USD 54.25 2.88 5.61%

The current 90-days correlation between Ultrasmall Cap Profund and Small Cap Value Profund is 0.94 (i.e., Almost no diversification). The correlation of Ultrasmall Cap 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.

Ultrasmall Cap Correlation With Market

Poor diversification

The correlation between Ultrasmall Cap Profund Ultrasm and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultrasmall Cap Profund Ultrasm 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 Ultrasmall Cap Profund Ultrasmall Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Ultrasmall Mutual Fund

0.67	RYVYX	Nasdaq 100 2x	Pair Corr
0.67	RYVLX	Nasdaq 100 2x	Pair Corr
0.65	RYCCX	Nasdaq 100 2x	Pair Corr
0.66	UOPIX	Ultra Nasdaq 100	Pair Corr
0.65	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.64	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.67	INPSX	Internet Ultrasector	Pair Corr
0.76	MSFT	Microsoft	Pair Corr

Moving against Ultrasmall Mutual Fund

0.4	MCD	McDonalds	Pair Corr
0.39	TRV	The Travelers Companies	Pair Corr
0.39	VZ	Verizon Communications	Pair Corr
0.33	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	SVPSX	UAPIX	SGPIX	UMPIX
SVPSX		0.76	0.87	0.82	SVPSX
UAPIX	0.76		0.73	0.54	UAPIX
SGPIX	0.87	0.73		0.92	SGPIX
UMPIX	0.82	0.54	0.92		UMPIX
	SVPSX	UAPIX	SGPIX	UMPIX

Risk-Adjusted Indicators

There is a big difference between Ultrasmall Mutual Fund performing well and Ultrasmall Cap 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 Ultrasmall Cap'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
SVPSX	0.92	(0.03)	(0.01)	0.00	1.21	(0.96)	2.07	(2.08)	5.65
UAPIX	1.85	0.01	0.02	0.02	2.46	(1.82)	3.85	(3.95)	11.10
SGPIX	0.80	(0.05)	0.00	(0.03)	0.00	0.00	1.78	(1.52)	5.21
UMPIX	1.45	(0.08)	0.00	(0.02)	0.00	0.00	2.90	(3.18)	8.93

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