Telecommunications Correlations
FTUTX Fund | USD 56.45 0.11 0.20% |
The current 90-days correlation between Telecommunications and Boston Partners Small is -0.02 (i.e., Good diversification). The correlation of Telecommunications 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.
Telecommunications Correlation With Market
Good diversification
The correlation between Telecommunications Portfolio F and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telecommunications Portfolio F and DJI in the same portfolio, assuming nothing else is changed.
Telecommunications |
Moving together with Telecommunications Mutual Fund
0.76 | PRMTX | T Rowe Price | PairCorr |
0.76 | TTMIX | T Rowe Price | PairCorr |
0.75 | VTCAX | Vanguard Telecommunicatio | PairCorr |
0.68 | FBMPX | Multimedia Portfolio | PairCorr |
0.68 | FGHMX | Fidelity Advisor Com | PairCorr |
0.68 | FGJMX | Fidelity Advisor Com | PairCorr |
0.69 | FGKMX | Fidelity Advisor Com | PairCorr |
0.68 | FGEMX | Fidelity Advisor Com | PairCorr |
0.68 | FGDMX | Fidelity Advisor Com | PairCorr |
0.79 | FTUAX | Telecommunications | PairCorr |
0.8 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
0.79 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
0.8 | SPMPX | Invesco Steelpath Mlp | PairCorr |
0.8 | MLPLX | Oppenheimer Steelpath Mlp | PairCorr |
0.82 | LSHUX | Horizon Spin Off | PairCorr |
0.81 | LSHEX | Kinetics Spin Off | PairCorr |
0.8 | SPMJX | Invesco Steelpath Mlp | PairCorr |
0.82 | LSHAX | Horizon Spin Off | PairCorr |
0.81 | LSHCX | Horizon Spin Off | PairCorr |
0.82 | WWNPX | Kinetics Paradigm | PairCorr |
0.8 | CLM | Cornerstone Strategic | PairCorr |
0.78 | RYRCX | Retailing Fund Class | PairCorr |
0.76 | MNEVX | Mainstay Conservative Etf | PairCorr |
0.73 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.83 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.78 | DIS | Walt Disney | PairCorr |
0.76 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Telecommunications Mutual Fund
0.72 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
0.69 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.69 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
0.99 | 0.93 | 0.95 | 0.95 | 0.94 | BPSCX | ||
0.99 | 0.93 | 0.94 | 0.95 | 0.94 | UAPIX | ||
0.93 | 0.93 | 0.99 | 0.98 | 0.99 | PCSVX | ||
0.95 | 0.94 | 0.99 | 0.99 | 0.99 | MLPSX | ||
0.95 | 0.95 | 0.98 | 0.99 | 0.98 | QRSAX | ||
0.94 | 0.94 | 0.99 | 0.99 | 0.98 | UMPSX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Telecommunications Mutual Fund performing well and Telecommunications 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 Telecommunications' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BPSCX | 0.81 | (0.02) | 0.04 | 0.11 | 0.63 | 1.77 | 7.51 | |||
UAPIX | 1.78 | (0.05) | 0.10 | 0.11 | 1.64 | 4.19 | 15.23 | |||
PCSVX | 0.75 | 0.14 | 0.04 | 1.30 | 0.54 | 1.83 | 5.70 | |||
MLPSX | 0.67 | 0.13 | 0.03 | 1.33 | 0.48 | 1.65 | 5.59 | |||
QRSAX | 0.73 | 0.16 | 0.06 | 1.57 | 0.48 | 1.87 | 6.37 | |||
UMPSX | 1.34 | 0.27 | 0.12 | 1.07 | 1.08 | 3.41 | 10.41 |