Value Fund Correlations

AVUYX Fund

USD 7.94 0.07 0.87%

The current 90-days correlation between Value Fund Y and Upright Assets Allocation is 0.06 (i.e., Significant diversification). The correlation of Value 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.

Value Fund Correlation With Market

Very weak diversification

The correlation between Value Fund Y and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund Y and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Value Fund Y. 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 manufacturing.

Moving together with Value Mutual Fund

0.96	AMDVX	Mid Cap Value	Pair Corr
0.81	AMGIX	Income Growth	Pair Corr
0.76	CDBCX	Diversified Bond	Pair Corr
1.0	TWADX	Value Fund A	Pair Corr
1.0	AMVYX	Mid Cap Value	Pair Corr
1.0	AMVRX	Mid Cap Value	Pair Corr
0.96	AMVGX	Mid Cap Value	Pair Corr
1.0	TWEAX	Equity Income	Pair Corr
1.0	TWEIX	Equity Income	Pair Corr
0.97	TWGGX	Global Growth	Pair Corr
0.9	TWHIX	Heritage Fund Investor	Pair Corr
0.69	TWRCX	Growth Fund C	Pair Corr
0.9	TWSCX	Strategic Allocation:	Pair Corr
0.88	TWSAX	Strategic Allocation:	Pair Corr
0.87	TWSMX	Strategic Allocation:	Pair Corr
1.0	TWVLX	Value Fund Investor	Pair Corr

Moving against Value Mutual Fund

0.47	TWARX	Short Term Government	Pair Corr
0.41	TWAVX	Short Term Government	Pair Corr
0.32	TWACX	Short Term Government	Pair Corr
0.46	TWUSX	Short Term Government	Pair Corr
0.49	TWUOX	Short Term Government	Pair Corr

Related Correlations Analysis

	UPAAX	PHTNX	HBACX	RHSAX	PBLIX	ILESX	TRSAX
UPAAX		0.38	0.57	0.51	0.19	0.43	0.21	UPAAX
PHTNX	0.38		0.95	0.75	0.96	0.9	0.85	PHTNX
HBACX	0.57	0.95		0.71	0.87	0.89	0.8	HBACX
RHSAX	0.51	0.75	0.71		0.7	0.74	0.72	RHSAX
PBLIX	0.19	0.96	0.87	0.7		0.85	0.84	PBLIX
ILESX	0.43	0.9	0.89	0.74	0.85		0.9	ILESX
TRSAX	0.21	0.85	0.8	0.72	0.84	0.9		TRSAX
	UPAAX	PHTNX	HBACX	RHSAX	PBLIX	ILESX	TRSAX

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Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value 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 Value 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
UPAAX	1.48	0.18	0.08	1.36	1.76	(1.63)	3.05	(3.14)	11.11
PHTNX	0.36	(0.02)	(0.05)	(0.04)	0.56	(0.36)	0.75	(0.68)	2.91
HBACX	0.37	0.00	(0.04)	0.01	0.57	(0.35)	0.79	(0.70)	2.93
RHSAX	1.08	0.01	(0.01)	(0.30)	1.73	(1.10)	2.49	(3.23)	9.80
PBLIX	0.50	(0.02)	(0.04)	(0.03)	0.75	(0.50)	1.06	(1.24)	3.61
ILESX	0.65	0.03	0.01	0.09	0.90	(0.67)	1.24	(1.39)	6.28
TRSAX	0.92	0.01	0.00	0.07	1.72	(0.81)	1.79	(2.26)	8.77

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