Profunds Money Correlations
| MPSXX Fund | USD 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.
Profunds |
Related Correlations Analysis
| 0.9 | 0.91 | 0.98 | 0.95 | PEO | ||
| 0.9 | 0.97 | 0.92 | 0.94 | PSPFX | ||
| 0.91 | 0.97 | 0.93 | 0.97 | XGNTX | ||
| 0.98 | 0.92 | 0.93 | 0.95 | FNARX | ||
| 0.95 | 0.94 | 0.97 | 0.95 | GRHAX | ||
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PEO | 0.83 | 0.24 | 0.21 | 0.64 | 0.65 | 2.10 | 4.76 | |||
| PSPFX | 1.36 | 0.36 | 0.17 | 0.42 | 1.59 | 3.16 | 7.00 | |||
| XGNTX | 0.65 | 0.26 | 0.32 | 0.78 | 0.22 | 1.58 | 3.15 | |||
| FNARX | 0.91 | 0.21 | 0.16 | 0.42 | 0.90 | 1.79 | 4.15 | |||
| GRHAX | 1.22 | 0.40 | 0.25 | 1.22 | 1.18 | 2.60 | 6.02 |