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AFBIX
Mutual Fund ticker: NASDAQ
AS OF
Apr 17 closing price
Price
$29.14
Change
-$0.17 (-0.58%)
Net Assets
304.42K

AFBIX Access Flex Bear High Yield ProFund Inv Forecast, Technical & Fundamental Analysis

The investment seeks to provide investment results that correspond generally to the inverse of the total return of the high yield market consistent with maintaining reasonable liquidity... Show more

Category: #Trading
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A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investment results that correspond generally to the inverse of the total return of the high yield market consistent with maintaining reasonable liquidity. The fund invests primarily in financial instruments that the fund Advisors believes, in combination, should provide investment results that correspond generally to the inverse of the high yield market. It seeks to maintain inverse exposure to the high yield market regardless of market conditions and without taking defensive positions in cash or other instruments in anticipation of periods favorable for the high yield market. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Debt
Address
Profunds3435 Stelzler RdColumbus
Phone
+1 614 4708626
Web
www.profunds.com
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AFBIX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, AFBIX has been closely correlated with RYIYX. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if AFBIX jumps, then RYIYX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AFBIX
1D Price
Change %
AFBIX100%
-0.58%
RYIYX - AFBIX
99%
Closely correlated
-0.44%
DXKSX - AFBIX
69%
Closely correlated
+0.61%
RYILX - AFBIX
57%
Loosely correlated
-0.44%
RRPIX - AFBIX
56%
Loosely correlated
+1.22%
RRPSX - AFBIX
44%
Loosely correlated
+1.20%
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