Probabilities Fund Correlations
| PROTXDelisted Fund | USD 9.42 0.00 0.00% |
The current 90-days correlation between Probabilities Fund and Small Midcap Dividend Income is -0.03 (i.e., Good diversification). The correlation of Probabilities Fund 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.
Probabilities Fund Correlation With Market
Good diversification
The correlation between Probabilities Fund Probabiliti and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Probabilities Fund Probabiliti and DJI in the same portfolio, assuming nothing else is changed.
Probabilities |
Moving together with Probabilities Mutual Fund
| 0.67 | NLSCX | Neuberger Berman Long | PairCorr |
| 0.68 | NLSAX | Neuberger Berman Long | PairCorr |
| 0.69 | NLSIX | Neuberger Berman Long | PairCorr |
| 0.75 | ASLAX | Ab Select Longshort | PairCorr |
| 0.7 | KNPCX | Kinetics Paradigm | PairCorr |
| 0.72 | KSCOX | Kinetics Small Cap Steady Growth | PairCorr |
| 0.66 | KINCX | Kinetics Internet | PairCorr |
| 0.69 | KMKCX | Kinetics Market Oppo | PairCorr |
| 0.71 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.72 | KSOCX | Kinetics Small Cap | PairCorr |
| 0.7 | KNPAX | Kinetics Paradigm | PairCorr |
| 0.83 | LETRX | Voya Russia Fund | PairCorr |
| 0.7 | WWNPX | Kinetics Paradigm | PairCorr |
| 0.72 | KSCYX | Kinetics Small Cap | PairCorr |
| 0.73 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.74 | CII | Blackrock Enhanced | PairCorr |
| 0.73 | VFINX | Vanguard 500 Index | PairCorr |
| 0.79 | BDJ | Blackrock Enhanced Equity | PairCorr |
| 0.81 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | HD | Home Depot | PairCorr |
| 0.7 | HPQ | HP Inc | PairCorr |
| 0.64 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Probabilities Mutual Fund
| 0.76 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.68 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.58 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.51 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.5 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.39 | RBCUX | Tax Exempt Bond | PairCorr |
| 0.35 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.94 | 0.95 | 0.95 | 0.98 | 0.98 | 0.96 | PMDDX | ||
| 0.94 | 0.88 | 0.87 | 0.95 | 0.9 | 0.98 | APDSX | ||
| 0.95 | 0.88 | 0.93 | 0.95 | 0.98 | 0.88 | CIPNX | ||
| 0.95 | 0.87 | 0.93 | 0.9 | 0.95 | 0.88 | MSSGX | ||
| 0.98 | 0.95 | 0.95 | 0.9 | 0.97 | 0.97 | LMBMX | ||
| 0.98 | 0.9 | 0.98 | 0.95 | 0.97 | 0.91 | CWSIX | ||
| 0.96 | 0.98 | 0.88 | 0.88 | 0.97 | 0.91 | QUAIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Probabilities Mutual Fund performing well and Probabilities Fund 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 Probabilities Fund'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PMDDX | 0.72 | (0.01) | 0.01 | 0.12 | 0.67 | 1.61 | 5.22 | |||
| APDSX | 0.95 | 0.01 | 0.03 | 0.14 | 1.14 | 2.03 | 5.77 | |||
| CIPNX | 0.82 | (0.01) | 0.03 | 0.12 | 0.87 | 1.72 | 7.22 | |||
| MSSGX | 1.45 | 0.42 | 0.31 | 0.39 | 1.11 | 3.46 | 7.23 | |||
| LMBMX | 0.94 | (0.05) | 0.02 | 0.10 | 0.99 | 1.95 | 8.01 | |||
| CWSIX | 0.87 | (0.02) | 0.04 | 0.12 | 0.76 | 2.04 | 7.79 | |||
| QUAIX | 0.93 | 0.01 | 0.05 | 0.14 | 1.04 | 1.92 | 6.76 |
Probabilities Fund Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Probabilities Fund mutual fund to make a market-neutral strategy. Peer analysis of Probabilities Fund could also be used in its relative valuation, which is a method of valuing Probabilities Fund by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Probabilities Fund Probabilities?
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