Profunds Money Correlations

Money Market Funds . USA . 
Fund . Profunds Money
MPIXX Fund   1.00  0.00  0.00%   
The correlation of Profunds Money 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Profunds Money. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in median.

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Profunds Money Market Fund performing well and Profunds Money Money Market 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 Profunds Money'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.60 (0.01)(0.02) 0.06  0.89 
(0.55)
 1.15 
(1.22)
 3.38 
VFIAX  0.58 (0.01)(0.01) 0.06  0.84 
(0.53)
 1.23 
(1.17)
 3.29 
VTSMX  0.59 (0.02)(0.02) 0.05  0.89 
(0.55)
 1.15 
(1.22)
 3.38 
VITSX  0.60 (0.01)(0.02) 0.06  0.87 
(0.55)
 1.15 
(1.23)
 3.39 
VSMPX  0.60 (0.01)(0.02) 0.06  0.87 
(0.55)
 1.18 
(1.22)
 3.39 
VSTSX  0.60 (0.02)(0.02) 0.05  0.91 
(0.54)
 1.15 
(1.22)
 3.39 
VTIAX  0.60  0.01  0.00  0.09  0.74 
(0.63)
 1.14 
(1.18)
 3.82 
VFINX  0.58 (0.01)(0.01) 0.06  0.84 
(0.53)
 1.23 
(1.17)
 3.29 
VFFSX  0.58 (0.01)(0.01) 0.06  0.84 
(0.53)
 1.23 
(1.17)
 3.29 
VBTLX  0.16  0.00 (0.27) 0.10  0.15 
(0.19)
 0.31 
(0.31)
 0.92 

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