Ultrasmall-cap Profund Correlations

UAPIX Fund

USD 69.19 0.14 0.20%

The current 90-days correlation between Ultrasmall Cap Profund and College Retirement Equities is 0.11 (i.e., Average diversification). The correlation of Ultrasmall-cap 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.

Ultrasmall-cap Profund Correlation With Market

Very poor diversification

The correlation between Ultrasmall Cap Profund Ultrasm and DJI is 0.87 (i.e., Very 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 signals in gross domestic product.

Moving together with ULTRASMALL-CAP Mutual Fund

0.79	TEPIX	Technology Ultrasector	Pair Corr
0.77	LGPIX	Large Cap Growth	Pair Corr
0.82	UJPIX	Ultrajapan Profund	Pair Corr
0.8	MLPSX	Mid Cap Value	Pair Corr
0.8	MLPIX	Mid Cap Value	Pair Corr
0.71	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.71	INPIX	Internet Ultrasector	Pair Corr
0.7	INPSX	Internet Ultrasector	Pair Corr
0.8	WCPSX	Mobile Telecommunicatio	Pair Corr
0.96	CYPSX	Consumer Services	Pair Corr
0.84	SVPIX	Small Cap Value	Pair Corr
0.8	UMPSX	Ultramid Cap Profund	Pair Corr
0.83	UOPIX	Ultra Nasdaq 100	Pair Corr
0.76	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.84	SGPIX	Small Cap Growth	Pair Corr
0.61	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.61	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.91	FYAIX	Access Flex High	Pair Corr
0.89	BIPIX	Biotechnology Ultrasector Steady Growth	Pair Corr
0.84	UAPSX	Ultrasmall Cap Profund	Pair Corr
0.73	IDPIX	Industrials Ultrasector	Pair Corr
0.82	MDPIX	Mid Cap Profund	Pair Corr
0.97	MDPSX	Mid Cap Profund	Pair Corr

Moving against ULTRASMALL-CAP Mutual Fund

0.9	URPSX	Ultrabear Profund	Pair Corr
0.81	UIPIX	Ultrashort Mid Cap	Pair Corr
0.8	BRPIX	Bear Profund Bear	Pair Corr
0.76	UKPSX	Ultrashort Japan Profund	Pair Corr
0.76	UKPIX	Ultrashort Japan Profund	Pair Corr
1.0	UCPSX	Ultrashort Small Cap	Pair Corr
0.94	UWPSX	Ultrashort Dow 30	Pair Corr
0.84	USPSX	Profunds Ultrashort	Pair Corr
0.84	UCPIX	Ultrashort Small Cap	Pair Corr
0.8	UHPIX	Ultrashort China Profund	Pair Corr
0.76	USPIX	Profunds Ultrashort	Pair Corr
0.74	UXPSX	Ultrashort International Steady Growth	Pair Corr
0.74	UXPIX	Ultrashort International Steady Growth	Pair Corr
0.74	SPPIX	Short Precious Metals	Pair Corr

Related Correlations Analysis

	QCILRX	ABNOX	APISX	AIADX	MXIOX	SWRSX	LIPNX
QCILRX		1.0	1.0	0.9	1.0	0.89	0.9	QCILRX
ABNOX	1.0		1.0	0.9	1.0	0.89	0.89	ABNOX
APISX	1.0	1.0		0.9	1.0	0.89	0.89	APISX
AIADX	0.9	0.9	0.9		0.9	1.0	1.0	AIADX
MXIOX	1.0	1.0	1.0	0.9		0.89	0.9	MXIOX
SWRSX	0.89	0.89	0.89	1.0	0.89		1.0	SWRSX
LIPNX	0.9	0.89	0.89	1.0	0.9	1.0		LIPNX
	QCILRX	ABNOX	APISX	AIADX	MXIOX	SWRSX	LIPNX

Risk-Adjusted Indicators

There is a big difference between ULTRASMALL-CAP Mutual Fund performing well and Ultrasmall-cap 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 Ultrasmall-cap 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QCILRX	0.13	0.03	(0.40)	1.75	(0.16)	0.33	(0.18)	0.70
ABNOX	0.12	0.03	(0.35)	1.41	(0.18)	0.29	(0.19)	0.67
APISX	0.10	0.03	(0.53)	1.11	(0.16)	0.19	(0.10)	0.56
AIADX	0.17	0.03	(0.30)	0.64	(0.21)	0.38	(0.28)	0.85
MXIOX	0.14	0.04	(0.26)	1.32	(0.23)	0.33	(0.22)	0.76
SWRSX	0.18	0.03	(0.28)	0.68	(0.23)	0.48	(0.20)	1.07
LIPNX	0.18	0.03	(0.28)	1.00	(0.24)	0.52	(0.31)	0.84

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