Nasdaq-100 Profund Correlations

OTPSX Fund

USD 34.19 0.12 0.35%

The current 90-days correlation between Nasdaq 100 Profund and Short Real Estate is -0.06 (i.e., Good diversification). The correlation of Nasdaq-100 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.

Nasdaq-100 Profund Correlation With Market

Poor diversification

The correlation between Nasdaq 100 Profund Nasdaq 100 and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 Profund Nasdaq 100 and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Nasdaq 100 Profund Nasdaq 100. 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 state.

Moving together with Nasdaq-100 Mutual Fund

0.97	TEPIX	Technology Ultrasector	Pair Corr
0.97	TEPSX	Technology Ultrasector	Pair Corr
1.0	LGPIX	Large Cap Growth	Pair Corr
1.0	LGPSX	Profunds Large Cap	Pair Corr
1.0	OTPIX	Nasdaq 100 Profund	Pair Corr
0.73	UJPIX	Ultrajapan Profund	Pair Corr
0.72	UJPSX	Ultrajapan Profund	Pair Corr
0.92	MLPSX	Mid Cap Value	Pair Corr
0.92	MLPIX	Mid Cap Value	Pair Corr
0.71	ENPSX	Oil Gas Ultrasector	Pair Corr
0.71	ENPIX	Oil Gas Ultrasector	Pair Corr
0.77	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.76	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.76	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.94	INPIX	Internet Ultrasector	Pair Corr
0.94	INPSX	Internet Ultrasector	Pair Corr
0.98	ULPIX	Ultrabull Profund	Pair Corr
0.99	ULPSX	Ultrabull Profund	Pair Corr
0.93	WCPIX	Mobile Telecommunicatio	Pair Corr
0.93	WCPSX	Mobile Telecommunicatio	Pair Corr
0.89	CYPSX	Consumer Services	Pair Corr
0.89	CYPIX	Consumer Services	Pair Corr
0.83	SVPIX	Small Cap Value	Pair Corr
0.82	SVPSX	Small Cap Value	Pair Corr
0.83	RRPSX	Rising Rates Opportunity	Pair Corr
0.93	UMPSX	Ultramid Cap Profund	Pair Corr
0.93	UMPIX	Ultramid Cap Profund	Pair Corr

Moving against Nasdaq-100 Mutual Fund

0.99	BRPSX	Bear Profund Bear	Pair Corr
0.98	BRPIX	Bear Profund Bear	Pair Corr
0.93	UIPIX	Ultrashort Mid Cap	Pair Corr
0.93	UIPSX	Ultrashort Mid Cap	Pair Corr
0.83	GVPIX	Us Government Plus	Pair Corr
0.83	GVPSX	Us Government Plus	Pair Corr
0.83	UKPSX	Ultrashort Japan Profund	Pair Corr
0.83	UKPIX	Ultrashort Japan Profund	Pair Corr
0.75	FDPSX	Falling Dollar Profund	Pair Corr
0.75	FDPIX	Falling Dollar Profund	Pair Corr
0.53	UNPSX	Ultrainternational	Pair Corr
0.52	UNPIX	Ultrainternational	Pair Corr

Related Correlations Analysis

	SRPIX	UIPIX	UIPSX	TEPIX	TEPSX	LGPIX	BRPIX	BRPSX	OTPIX
SRPIX		-0.34	-0.34	0.29	0.28	0.33	-0.28	-0.28	0.34	SRPIX
UIPIX	-0.34		1.0	-0.88	-0.88	-0.93	0.96	0.96	-0.93	UIPIX
UIPSX	-0.34	1.0		-0.88	-0.88	-0.93	0.96	0.96	-0.93	UIPSX
TEPIX	0.29	-0.88	-0.88		1.0	0.96	-0.96	-0.96	0.97	TEPIX
TEPSX	0.28	-0.88	-0.88	1.0		0.96	-0.96	-0.96	0.97	TEPSX
LGPIX	0.33	-0.93	-0.93	0.96	0.96		-0.99	-0.99	1.0	LGPIX
BRPIX	-0.28	0.96	0.96	-0.96	-0.96	-0.99		1.0	-0.98	BRPIX
BRPSX	-0.28	0.96	0.96	-0.96	-0.96	-0.99	1.0		-0.99	BRPSX
OTPIX	0.34	-0.93	-0.93	0.97	0.97	1.0	-0.98	-0.99		OTPIX
	SRPIX	UIPIX	UIPSX	TEPIX	TEPSX	LGPIX	BRPIX	BRPSX	OTPIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

UIPSX	+ 1.0	UIPIX
TEPSX	+ 1.0	TEPIX
OTPIX	+ 1.0	LGPIX
BRPSX	+ 1.0	BRPIX
OTPIX	+ 0.97	TEPIX
OTPIX	+ 0.97	TEPSX

High negative correlations

OTPIX	- 0.99	BRPSX
BRPSX	- 0.99	LGPIX
BRPIX	- 0.99	LGPIX
OTPIX	- 0.98	BRPIX
BRPSX	- 0.96	TEPSX
BRPIX	- 0.96	TEPSX

Risk-Adjusted Indicators

There is a big difference between Nasdaq-100 Mutual Fund performing well and Nasdaq-100 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 Nasdaq-100 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRPIX	0.71	(0.04)	0.00	0.85	0.00	0.00	1.26	(1.27)	4.28
UIPIX	1.44	0.01	0.00	0.12	0.00	0.00	2.46	(3.43)	13.58
UIPSX	1.44	0.01	0.00	0.12	0.00	0.00	2.46	(3.42)	13.58
TEPIX	1.50	(0.08)	0.00	0.07	2.23	(1.47)	2.84	(3.72)	9.83
TEPSX	1.50	(0.09)	0.00	0.07	2.23	(1.46)	2.81	(3.74)	9.85
LGPIX	0.73	(0.01)	(0.02)	0.11	1.01	(0.67)	1.55	(2.04)	5.24
BRPIX	0.55	0.01	0.00	0.10	0.00	0.00	1.31	(1.12)	4.80
BRPSX	0.55	0.01	0.00	0.11	0.00	0.00	1.27	(1.20)	4.62
OTPIX	0.79	(0.03)	(0.03)	0.09	1.07	(0.77)	1.57	(2.40)	5.12

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