Bull Profund Correlations

Mutual Funds USA . 
Fund . Bull Profund Bull
BLPSX Fund  USD 60.96  0.93  1.55%   
The current 90-days correlation between Bull Profund Bull and Aqr Diversified Arbitrage is 0.15 (i.e., Average diversification). The correlation of Bull 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.
  
Check out Trending Equities to better understand how to build diversified portfolios. 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 manufacturing.

Moving together with Bull Mutual Fund

  0.78TEPIX Technology UltrasectorPairCorr
  0.78TEPSX Technology UltrasectorPairCorr
  0.82LGPIX Large Cap GrowthPairCorr
  0.82LGPSX Profunds Large CapPairCorr
  0.83OTPIX Nasdaq 100 ProfundPairCorr
  0.78UJPIX Ultrajapan ProfundPairCorr
  0.83OTPSX Nasdaq 100 ProfundPairCorr
  0.8UJPSX Ultrajapan ProfundPairCorr
  0.67MLPSX Mid Cap ValuePairCorr
  0.76GVPIX Us Government Plus Steady GrowthPairCorr
  0.71GVPSX Us Government Plus Steady GrowthPairCorr
  0.68MLPIX Mid Cap ValuePairCorr
  0.61ENPSX Oil Gas UltrasectorPairCorr
  0.62ENPIX Oil Gas UltrasectorPairCorr
  0.72PHPIX Pharmaceuticals UltrasectorPairCorr
  0.72PHPSX Pharmaceuticals UltrasectorPairCorr
  0.69INPIX Internet UltrasectorPairCorr
  0.69INPSX Internet UltrasectorPairCorr
  0.84ULPIX Ultrabull ProfundPairCorr
  0.86ULPSX Ultrabull ProfundPairCorr
  0.83WCPIX Mobile TelecommunicatioPairCorr
  0.88WCPSX Mobile TelecommunicatioPairCorr
  0.79OEPSX Oil Equipment ServicesPairCorr
  0.89CYPSX Consumer ServicesPairCorr
  0.81CYPIX Consumer ServicesPairCorr
  0.79OEPIX Oil Equipment ServicesPairCorr
  0.8SVPIX Small Cap ValuePairCorr
  0.8SVPSX Small Cap ValuePairCorr
  0.66UMPSX Ultramid Cap ProfundPairCorr
  0.67UMPIX Ultramid Cap ProfundPairCorr

Moving against Bull Mutual Fund

  0.84BRPIX Bear Profund BearPairCorr
  0.84BRPSX Bear Profund BearPairCorr
  0.83UKPIX Ultrashort Japan Profund Steady GrowthPairCorr
  0.8UKPSX Ultrashort Japan Profund Steady GrowthPairCorr
  0.68UIPIX Ultrashort Mid Cap Steady GrowthPairCorr
  0.65UIPSX Ultrashort Mid Cap Steady GrowthPairCorr
  0.75RRPSX Rising Rates OpportunityPairCorr
  0.74RRPIX Rising Rates OpportunityPairCorr
  0.72RTPSX Rising Rates OpportunityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Bull Mutual Fund performing well and Bull 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 Bull 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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