Consumer Services Correlations

CYPSX Fund

USD 55.65 0.43 0.77%

The current 90-days correlation between Consumer Services and Consumer Services Ultrasector is -0.03 (i.e., Good diversification). The correlation of Consumer Services 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.

Consumer Services Correlation With Market

Weak diversification

The correlation between Consumer Services Ultrasector and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Services Ultrasector 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 Consumer Services Ultrasector. 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 state.

Moving together with Consumer Mutual Fund

0.68

LGPSX

Profunds Large Cap

Pair Corr

Moving against Consumer Mutual Fund

0.45	UIPIX	Ultrashort Mid Cap Steady Growth	Pair Corr
0.49	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.47	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.36	PFN	Pimco Income Strategy	Pair Corr
0.35	UGPIX	Ultrachina Profund	Pair Corr

Related Correlations Analysis

	CYPIX	UOPSX	INPSX	UMPSX	BIPSX
CYPIX		0.56	0.39	-0.07	0.41	CYPIX
UOPSX	0.56		0.7	-0.07	0.17	UOPSX
INPSX	0.39	0.7		-0.07	-0.19	INPSX
UMPSX	-0.07	-0.07	-0.07		0.36	UMPSX
BIPSX	0.41	0.17	-0.19	0.36		BIPSX
	CYPIX	UOPSX	INPSX	UMPSX	BIPSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

INPSX	+ 0.7	UOPSX
UOPSX	+ 0.56	CYPIX
BIPSX	+ 0.41	CYPIX
INPSX	+ 0.39	CYPIX
BIPSX	+ 0.36	UMPSX
BIPSX	+ 0.17	UOPSX

High negative correlations

BIPSX	- 0.19	INPSX
UMPSX	- 0.07	INPSX
UMPSX	- 0.07	UOPSX
UMPSX	- 0.07	CYPIX

Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Services 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 Consumer Services' 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
CYPIX	1.38	(0.04)	0.00	0.08	0.00	0.00	3.18	(2.93)	10.01
UOPSX	1.83	0.08	0.03	(0.10)	2.43	(1.86)	3.31	(4.14)	10.85
INPSX	1.40	0.06	0.03	(0.17)	1.88	(1.42)	3.08	(2.33)	10.34
UMPSX	1.37	(0.15)	0.00	(0.09)	0.00	0.00	2.92	(2.53)	11.03
BIPSX	2.40	(0.88)	0.00	(4.31)	0.00	0.00	3.25	(4.62)	39.12

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