Upright Assets Correlations

UPAAX Fund

USD 13.34 0.08 0.60%

The current 90-days correlation between Upright Assets Allocation and One Choice In is -0.08 (i.e., Good diversification). The correlation of Upright Assets 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.

Upright Assets Correlation With Market

Good diversification

The correlation between Upright Assets Allocation and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upright Assets Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Upright Assets Allocation. 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 nation.

Moving together with Upright Mutual Fund

0.98	UPDDX	Upright Growth Income	Pair Corr
0.91	UPUPX	Upright Growth	Pair Corr

Moving against Upright Mutual Fund

0.42	EPLBX	Mainstay Epoch Equity	Pair Corr
0.41	TGROX	Tiaa Cref Green	Pair Corr
0.37	BBGVX	Sterling Capital Int	Pair Corr
0.35	SCSTX	Sterling Capital Sec	Pair Corr
0.34	ANVLX	American Century Non	Pair Corr
0.45	HSTRX	Hussman Strategic Total	Pair Corr
0.43	BICAX	Sterling Capital Total	Pair Corr
0.41	HILSX	Hartford Interna	Pair Corr
0.38	SCSSX	Sterling Capital Sec	Pair Corr
0.34	BICCX	Sterling Capital Total	Pair Corr
0.32	GPGAX	Dreyfus Gnma	Pair Corr

Related Correlations Analysis

	ATTIX	TBLSX	TBLDX	JTMIX	SXMAX	MURFX	ARTOX
ATTIX		0.91	0.91	0.96	0.87	0.81	0.86	ATTIX
TBLSX	0.91		1.0	0.85	0.79	0.86	0.9	TBLSX
TBLDX	0.91	1.0		0.85	0.78	0.86	0.91	TBLDX
JTMIX	0.96	0.85	0.85		0.93	0.86	0.89	JTMIX
SXMAX	0.87	0.79	0.78	0.93		0.86	0.87	SXMAX
MURFX	0.81	0.86	0.86	0.86	0.86		0.99	MURFX
ARTOX	0.86	0.9	0.91	0.89	0.87	0.99		ARTOX
	ATTIX	TBLSX	TBLDX	JTMIX	SXMAX	MURFX	ARTOX

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Risk-Adjusted Indicators

There is a big difference between Upright Mutual Fund performing well and Upright Assets 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 Upright Assets' 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
ATTIX	0.32	(0.01)	(0.02)	(0.02)	0.42	(0.31)	0.63	(0.71)	1.93
TBLSX	0.35	0.00	0.00	0.02	0.51	(0.34)	0.70	(0.80)	2.14
TBLDX	0.38	0.00	0.00	0.03	0.54	(0.36)	0.70	(0.80)	2.12
JTMIX	0.31	0.00	0.02	0.01	0.36	(0.33)	0.65	(0.56)	1.88
SXMAX	0.40	0.02	0.05	0.04	0.42	(0.45)	0.76	(0.75)	1.93
MURFX	0.27	0.00	0.02	(0.07)	0.29	(0.31)	0.58	(0.46)	1.62
ARTOX	0.31	0.01	0.02	(0.09)	0.36	(0.34)	0.63	(0.55)	2.01

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