Falling Dollar Correlations

FDPIX Fund

USD 13.99 0.01 0.07%

The current 90-days correlation between Falling Dollar Profund and Prudential High Yield is 0.2 (i.e., Modest 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

Very good diversification

The correlation between Falling Dollar Profund and DJI is -0.33 (i.e., Very good 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

0.64	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.68	RRPSX	Rising Rates Opportunity	Pair Corr

Moving against Falling Mutual Fund

0.71	GVPSX	Us Government Plus	Pair Corr
0.69	GVPIX	Us Government Plus	Pair Corr
0.62	ENPSX	Oil Gas Ultrasector Steady Growth	Pair Corr
0.62	ENPIX	Oil Gas Ultrasector Steady Growth	Pair Corr
0.39	BRPSX	Bear Profund Bear	Pair Corr
0.38	BRPIX	Bear Profund Bear	Pair Corr
0.56	OEPIX	Oil Equipment Services	Pair Corr
0.54	OEPSX	Oil Equipment Services	Pair Corr
0.5	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.46	PHPSX	Pharmaceuticals Ultrasector	Pair Corr

Related Correlations Analysis

	PBHAX	ABHIX	TAHFX	NMHYX	BHYRX	PAXHX	NHIEX
PBHAX		0.98	0.99	0.98	0.95	0.97	0.94	PBHAX
ABHIX	0.98		0.99	0.99	0.97	0.99	0.97	ABHIX
TAHFX	0.99	0.99		0.99	0.96	0.98	0.95	TAHFX
NMHYX	0.98	0.99	0.99		0.97	0.98	0.96	NMHYX
BHYRX	0.95	0.97	0.96	0.97		0.97	1.0	BHYRX
PAXHX	0.97	0.99	0.98	0.98	0.97		0.97	PAXHX
NHIEX	0.94	0.97	0.95	0.96	1.0	0.97		NHIEX
	PBHAX	ABHIX	TAHFX	NMHYX	BHYRX	PAXHX	NHIEX

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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
PBHAX	0.20	0.02	(0.01)	3.29	0.22	(0.31)	0.43	(0.43)	1.71
ABHIX	0.21	0.02	(0.01)	2.58	0.21	(0.30)	0.60	(0.40)	1.40
TAHFX	0.23	0.02	(0.01)	0.37	0.32	(0.28)	0.50	(0.51)	1.89
NMHYX	0.20	0.02	0.00	0.75	0.28	(0.25)	0.48	(0.36)	1.47
BHYRX	0.23	0.02	0.00	0.17	0.31	(0.28)	0.59	(0.44)	1.88
PAXHX	0.19	0.03	0.00	1.53	0.20	(0.27)	0.50	(0.34)	1.51
NHIEX	0.21	0.03	0.01	0.24	0.30	(0.24)	0.53	(0.41)	1.89

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