Bull Profund Correlations

Mutual Funds . USA . 
Fund . Bull Profund Investor
BLPIX Fund  USD 73.85  0.40  0.54%   
The current 90-days correlation between Bull Profund Investor and Columbia Global Technology is 0.91 (i.e., Almost no 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.

Bull Profund Correlation With Market

Very poor diversification

The correlation between Bull Profund Investor and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bull Profund Investor and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bull Profund Investor. 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 Bull Mutual Fund

  0.95TEPIX Technology UltrasectorPairCorr
  0.95TEPSX Technology UltrasectorPairCorr
  0.99LGPIX Large Cap GrowthPairCorr
  0.99LGPSX Profunds Large CapPairCorr
  0.99OTPIX Nasdaq 100 ProfundPairCorr
  0.68UJPIX Ultrajapan ProfundPairCorr
  0.98OTPSX Nasdaq 100 ProfundPairCorr
  0.68UJPSX Ultrajapan ProfundPairCorr
  0.95MLPSX Mid Cap ValuePairCorr
  0.95MLPIX Mid Cap ValuePairCorr
  0.74ENPSX Oil Gas UltrasectorPairCorr
  0.74ENPIX Oil Gas UltrasectorPairCorr
  0.8BTCFX Bitcoin Strategy ProfundPairCorr
  0.79PHPIX Pharmaceuticals UltrasectorPairCorr
  0.78PHPSX Pharmaceuticals UltrasectorPairCorr
  0.95INPIX Internet UltrasectorPairCorr
  0.95INPSX Internet UltrasectorPairCorr
  1.0ULPIX Ultrabull ProfundPairCorr
  1.0ULPSX Ultrabull ProfundPairCorr
  0.94WCPIX Mobile TelecommunicatioPairCorr
  0.94WCPSX Mobile TelecommunicatioPairCorr
  0.91CYPSX Consumer ServicesPairCorr
  0.91CYPIX Consumer ServicesPairCorr
  0.85SVPIX Small Cap ValuePairCorr
  0.85SVPSX Small Cap ValuePairCorr
  0.84RRPSX Rising Rates OpportunityPairCorr
  0.95UMPSX Ultramid Cap ProfundPairCorr
  0.95UMPIX Ultramid Cap ProfundPairCorr

Moving against Bull Mutual Fund

  1.0BRPIX Bear Profund BearPairCorr
  1.0BRPSX Bear Profund BearPairCorr
  0.95UIPIX Ultrashort Mid CapPairCorr
  0.95UIPSX Ultrashort Mid CapPairCorr
  0.84GVPIX Us Government PlusPairCorr
  0.84GVPSX Us Government PlusPairCorr
  0.8UKPSX Ultrashort Japan ProfundPairCorr
  0.8UKPIX Ultrashort Japan ProfundPairCorr
  0.91SHPSX Short Small CapPairCorr
  0.9SHPIX Short Small CapPairCorr

Related Correlations Analysis

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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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