Ultra Nasdaq-100 Correlations

UOPIX Fund

USD 112.71 0.81 0.72%

The current 90-days correlation between Ultra Nasdaq 100 and Nasdaq 100 2x Strategy is -0.08 (i.e., Good diversification). The correlation of Ultra Nasdaq-100 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.

Ultra Nasdaq-100 Correlation With Market

Poor diversification

The correlation between Ultra Nasdaq 100 Profunds and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultra Nasdaq 100 Profunds and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Nasdaq 100 Profunds. 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 Ultra Mutual Fund

0.97	TEPIX	Technology Ultrasector	Pair Corr
1.0	OTPIX	Nasdaq 100 Profund	Pair Corr
0.85	MLPSX	Mid Cap Value	Pair Corr
0.86	MLPIX	Mid Cap Value	Pair Corr
0.65	ENPSX	Oil Gas Ultrasector	Pair Corr
0.77	BTCFX	Bitcoin Strategy Profund Steady Growth	Pair Corr
0.93	INPIX	Internet Ultrasector	Pair Corr
0.93	INPSX	Internet Ultrasector	Pair Corr
0.92	WCPIX	Mobile Telecommunicatio	Pair Corr
0.82	SVPIX	Small Cap Value	Pair Corr
0.76	SVPSX	Small Cap Value	Pair Corr
0.93	UMPSX	Ultramid Cap Profund	Pair Corr
1.0	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.85	SGPIX	Small Cap Growth	Pair Corr
0.81	UAPIX	Ultrasmall Cap Profund	Pair Corr
0.88	MDPIX	Mid Cap Profund	Pair Corr
0.88	SLPIX	Small Cap Profund	Pair Corr
0.86	SMPIX	Semiconductor Ultrasector	Pair Corr
0.92	SMPSX	Semiconductor Ultrasector	Pair Corr
0.91	BLPIX	Bull Profund Investor	Pair Corr
0.88	MGPIX	Mid Cap Growth	Pair Corr
0.75	FNPIX	Financials Ultrasector	Pair Corr

Moving against Ultra Mutual Fund

0.93	UIPIX	Ultrashort Mid Cap	Pair Corr
0.93	UIPSX	Ultrashort Mid Cap	Pair Corr
0.8	GVPSX	Us Government Plus	Pair Corr
0.77	GVPIX	Us Government Plus	Pair Corr
1.0	USPIX	Profunds Ultrashort	Pair Corr
0.92	USPSX	Profunds Ultrashort	Pair Corr
0.71	SNPSX	Short Oil Gas	Pair Corr
0.66	HCPIX	Health Care Ultrasector	Pair Corr
0.66	SNPIX	Short Oil Gas Potential Growth	Pair Corr

Related Correlations Analysis

	RYVYX	RYVLX	RYCCX	UOPIX	UOPSX	RMQHX	RMQAX	DXQLX	INPSX
RYVYX		0.92	0.92	0.92	0.92	1.0	1.0	1.0	0.89	RYVYX
RYVLX	0.92		1.0	1.0	1.0	0.92	0.92	0.92	0.93	RYVLX
RYCCX	0.92	1.0		1.0	1.0	0.92	0.92	0.92	0.93	RYCCX
UOPIX	0.92	1.0	1.0		1.0	0.92	0.92	0.92	0.93	UOPIX
UOPSX	0.92	1.0	1.0	1.0		0.92	0.92	0.92	0.93	UOPSX
RMQHX	1.0	0.92	0.92	0.92	0.92		1.0	1.0	0.9	RMQHX
RMQAX	1.0	0.92	0.92	0.92	0.92	1.0		1.0	0.9	RMQAX
DXQLX	1.0	0.92	0.92	0.92	0.92	1.0	1.0		0.9	DXQLX
INPSX	0.89	0.93	0.93	0.93	0.93	0.9	0.9	0.9		INPSX
	RYVYX	RYVLX	RYCCX	UOPIX	UOPSX	RMQHX	RMQAX	DXQLX	INPSX

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Risk-Adjusted Indicators

There is a big difference between Ultra Mutual Fund performing well and Ultra Nasdaq-100 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 Ultra Nasdaq-100'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
RYVYX	1.63	0.14	0.01	(0.47)	2.41	(1.54)	3.08	(4.83)	10.29
RYVLX	1.62	(0.06)	0.01	0.06	2.40	(1.54)	3.08	(4.83)	10.29
RYCCX	1.62	(0.06)	0.01	0.06	2.41	(1.53)	3.08	(4.84)	10.29
UOPIX	1.62	(0.06)	0.01	0.06	2.40	(1.53)	3.10	(4.81)	10.25
UOPSX	1.62	(0.06)	0.01	0.06	2.40	(1.53)	3.10	(4.80)	10.25
RMQHX	1.60	0.14	0.02	(0.67)	2.34	(1.52)	3.11	(4.61)	10.04
RMQAX	1.60	0.14	0.02	(0.67)	2.34	(1.52)	3.11	(4.61)	10.04
DXQLX	1.41	0.13	0.01	(0.49)	2.05	(1.34)	2.69	(4.08)	8.79
INPSX	1.16	0.20	0.14	0.22	1.45	(1.28)	2.56	(2.41)	8.12

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