Short Small-cap Correlations

SHPSX Fund

USD 44.21 0.25 0.56%

The current 90-days correlation between Short Small Cap and Enhanced Large Pany is -0.81 (i.e., Pay attention - limited upside). The correlation of Short Small-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.

Short Small-cap Correlation With Market

Pay attention - limited upside

The correlation between Short Small Cap Profund and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Short Small Cap Profund 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 Short Small Cap 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 main economic indicators.

Moving together with Short Mutual Fund

0.61	RRPSX	Rising Rates Opportunity	Pair Corr
0.81	PSTIX	Stocksplus Tr Short	Pair Corr
0.78	PBRIX	Federated Prudent Bear	Pair Corr
0.77	PBRCX	Federated Prudent Bear	Pair Corr
0.81	PSNNX	Pimco Stocksplus Short	Pair Corr
0.76	RYUCX	Inverse Sp 500	Pair Corr

Moving against Short Mutual Fund

0.99	UAPIX	Ultrasmall Cap Profund Steady Growth	Pair Corr
0.73	UOPSX	Ultranasdaq 100 Profund Steady Growth	Pair Corr
0.71	SGPIX	Small Cap Growth	Pair Corr
0.7	TEPIX	Technology Ultrasector	Pair Corr
0.6	GVPIX	Us Government Plus	Pair Corr
0.58	LGPSX	Profunds Large Cap	Pair Corr
0.58	FYAIX	Access Flex High	Pair Corr
0.57	SMPIX	Semiconductor Ultrasector	Pair Corr
0.52	SVPSX	Small Cap Value	Pair Corr
0.49	UMPIX	Ultramid Cap Profund Steady Growth	Pair Corr
0.48	UMPSX	Ultramid Cap Profund Steady Growth	Pair Corr
0.43	SMPSX	Semiconductor Ultrasector	Pair Corr
0.34	REPIX	Real Estate Ultrasector	Pair Corr
0.31	BIPIX	Biotechnology Ultrasector Steady Growth	Pair Corr
0.77	VTSMX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.7	VGTSX	Vanguard Total Inter	Pair Corr
0.7	VTIAX	Vanguard Total Inter	Pair Corr
0.59	VTSAX	Vanguard Total Stock	Pair Corr
0.59	VSMPX	Vanguard Total Stock	Pair Corr
0.59	VSTSX	Vanguard Total Stock	Pair Corr
0.55	VFFSX	Vanguard 500 Index	Pair Corr
0.55	MSTFX	Morningstar International	Pair Corr
0.37	GRZZX	Grizzly Short	Pair Corr

Related Correlations Analysis

	DFELX	HRAFX	PBLIX	CMAAX	GBAYX	GMLVX	RCOCX
DFELX		0.97	0.91	0.91	0.91	0.93	0.72	DFELX
HRAFX	0.97		0.87	0.88	0.88	0.9	0.75	HRAFX
PBLIX	0.91	0.87		0.98	0.99	0.92	0.6	PBLIX
CMAAX	0.91	0.88	0.98		0.98	0.91	0.62	CMAAX
GBAYX	0.91	0.88	0.99	0.98		0.93	0.57	GBAYX
GMLVX	0.93	0.9	0.92	0.91	0.93		0.65	GMLVX
RCOCX	0.72	0.75	0.6	0.62	0.57	0.65		RCOCX
	DFELX	HRAFX	PBLIX	CMAAX	GBAYX	GMLVX	RCOCX

Risk-Adjusted Indicators

There is a big difference between Short Mutual Fund performing well and Short Small-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 Short Small-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
DFELX	0.56	0.02	0.02	0.09	0.81	(0.57)	1.24	(1.17)	3.61
HRAFX	0.46	0.01	(0.01)	0.08	0.61	(0.44)	0.98	(0.89)	2.84
PBLIX	0.50	0.06	0.00	0.49	0.69	(0.48)	1.02	(1.11)	3.26
CMAAX	0.37	0.04	(0.04)	0.38	0.43	(0.35)	0.76	(0.71)	2.15
GBAYX	0.29	0.03	(0.05)	0.37	0.33	(0.30)	0.63	(0.55)	1.72
GMLVX	0.66	0.06	0.04	0.14	0.79	(0.73)	1.35	(1.05)	4.38
RCOCX	0.49	0.04	0.05	0.12	0.45	(0.56)	1.28	(0.90)	3.05

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