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PMDDX

$--
--%
1d
1w
1m

Analysis and statistics

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About

PMDDX.US refers to the ProFunds UltraShort Basic Materials Investor fund. It is a mutual fund designed to deliver twice the inverse (opposite) of the daily performance of the Dow Jones U.S. Basic Materials Index. This means that if the underlying index goes up, the fund is designed to go down by twice that amount, and vice versa. As such, it is considered a leveraged and inverse fund and is generally suitable for sophisticated investors seeking to profit from short-term declines in the basic materials sector and who understand the risks associated with leverage. It is not intended as a long-term investment.
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Factors

PMDDX.US price fluctuations are influenced by several factors:

Bond Yields: Rising interest rates typically decrease bond values, impacting PMDDX negatively.

Credit Risk: Downgrades or increased default risks among bond issuers can lower PMDDX's price.

Market Sentiment: Investor optimism or pessimism affects demand, driving prices up or down.

Inflation: Higher inflation erodes bond values, potentially lowering PMDDX's price.

Fund Management: Skill in selecting bonds and managing risk impacts fund performance and price.

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