It Services Correlations
| FBSOX Fund | USD 61.01 1.09 1.82% |
The current 90-days correlation between It Services Portfolio and Retailing Portfolio Retailing is 0.81 (i.e., Very poor diversification). The correlation of It 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.
It Services Correlation With Market
Very weak diversification
The correlation between It Services Portfolio and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding It Services Portfolio and DJI in the same portfolio, assuming nothing else is changed.
FBSOX |
Moving together with FBSOX Mutual Fund
Moving against FBSOX Mutual Fund
| 0.31 | EMKR | EMCORE | PairCorr |
| 0.46 | NTCL | NETCLASS TECHNOLOGY INC | PairCorr |
| 0.32 | HPAIW | Helport AI Limited | PairCorr |
| 0.44 | AMBR | Amber Road, Symbol Change | PairCorr |
Related Correlations Analysis
| 0.95 | 0.79 | 0.75 | 0.76 | FSRPX | ||
| 0.95 | 0.7 | 0.71 | 0.73 | FSCSX | ||
| 0.79 | 0.7 | 0.72 | 0.73 | FBMPX | ||
| 0.75 | 0.71 | 0.72 | 0.68 | FSCHX | ||
| 0.76 | 0.73 | 0.73 | 0.68 | FDLSX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between FBSOX Mutual Fund performing well and It 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 It 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSRPX | 1.03 | (0.22) | 0.00 | (0.32) | 0.00 | 1.46 | 6.48 | |||
| FSCSX | 1.20 | (0.26) | 0.00 | (0.33) | 0.00 | 1.64 | 7.78 | |||
| FBMPX | 1.07 | (0.05) | 0.00 | (0.12) | 0.00 | 1.72 | 6.14 | |||
| FSCHX | 0.87 | (0.09) | 0.00 | (0.19) | 0.00 | 1.33 | 4.80 | |||
| FDLSX | 1.03 | (0.13) | 0.00 | (0.22) | 0.00 | 1.69 | 6.64 |