Rising Rates Correlations

RTPIX Fund

USD 14.16 0.02 0.14%

The current 90-days correlation between Rising Rates Opportunity and Prudential California Muni is -0.03 (i.e., Good diversification). The correlation of Rising Rates 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.

Rising Rates Correlation With Market

Significant diversification

The correlation between Rising Rates Opportunity and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rising Rates Opportunity 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 Rising Rates Opportunity. 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 Rising Mutual Fund

0.68

BRPSX

Bear Profund Bear

Pair Corr

Moving against Rising Mutual Fund

0.62	UJPIX	Ultrajapan Profund Steady Growth	Pair Corr
0.46	MLPSX	Mid Cap Value	Pair Corr
0.45	ENPSX	Oil Gas Ultrasector	Pair Corr
0.44	MLPIX	Mid Cap Value	Pair Corr
0.4	LGPSX	Profunds Large Cap	Pair Corr
0.34	LGPIX	Large Cap Growth	Pair Corr
0.33	ENPIX	Oil Gas Ultrasector	Pair Corr
0.31	OTPSX	Nasdaq 100 Profund	Pair Corr
0.59	UNPSX	Ultrainternational	Pair Corr
0.57	UNPIX	Ultrainternational	Pair Corr
0.56	ULPSX	Ultrabull Profund	Pair Corr
0.55	ULPIX	Ultrabull Profund	Pair Corr
0.52	UOPIX	Ultra Nasdaq 100	Pair Corr
0.46	UMPSX	Ultramid Cap Profund	Pair Corr
0.44	UMPIX	Ultramid Cap Profund	Pair Corr
0.41	SVPSX	Small Cap Value	Pair Corr
0.4	SVPIX	Small Cap Value	Pair Corr
0.37	OEPSX	Oil Equipment Services	Pair Corr
0.37	OEPIX	Oil Equipment Services	Pair Corr

Related Correlations Analysis

	PBCAX	JHSFX	PTRMX	SMAAX	PRFHX	FCMAX
PBCAX		0.95	0.87	0.86	0.86	0.91	PBCAX
JHSFX	0.95		0.85	0.9	0.86	0.91	JHSFX
PTRMX	0.87	0.85		0.89	0.92	0.96	PTRMX
SMAAX	0.86	0.9	0.89		0.92	0.86	SMAAX
PRFHX	0.86	0.86	0.92	0.92		0.91	PRFHX
FCMAX	0.91	0.91	0.96	0.86	0.91		FCMAX
	PBCAX	JHSFX	PTRMX	SMAAX	PRFHX	FCMAX

Risk-Adjusted Indicators

There is a big difference between Rising Mutual Fund performing well and Rising Rates 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 Rising Rates' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PBCAX	0.07	0.01	(0.81)	3.25	(0.14)	0.20	(0.10)	0.40
JHSFX	0.05	0.01	(0.77)	(0.33)	(0.13)	0.10	(0.10)	0.49
PTRMX	0.07	0.02	(0.69)	1.17	(0.10)	0.18	(0.13)	0.49
SMAAX	0.06	0.01	(0.84)	2.71	(0.12)	0.19	(0.10)	0.29
PRFHX	0.09	0.02	(0.58)	0.62	(0.15)	0.27	(0.09)	0.63
FCMAX	0.08	0.01	(0.72)	12.13	(0.13)	0.24	(0.08)	0.57

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