Upright Growth Correlations

UPDDX Fund

USD 18.18 0.13 0.71%

The current 90-days correlation between Upright Growth Income and T Rowe Price is 0.13 (i.e., Average diversification). The correlation of Upright Growth 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 Growth Correlation With Market

Good diversification

The correlation between Upright Growth Income and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upright Growth Income 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 Growth Income. 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 unemployment.

Moving together with Upright Mutual Fund

0.97	UPAAX	Upright Assets Allocation	Pair Corr
0.83	UPUPX	Upright Growth	Pair Corr
0.76	FAFGX	American Funds	Pair Corr
0.76	FFAFX	American Funds	Pair Corr
0.74	GFACX	Growth Fund	Pair Corr
0.8	GFAFX	Growth Fund	Pair Corr
0.85	AGTHX	Growth Fund	Pair Corr
0.76	CGFFX	Growth Fund	Pair Corr
0.77	CGFCX	Growth Fund	Pair Corr
0.76	CGFAX	Growth Fund	Pair Corr
0.76	CGFEX	Growth Fund	Pair Corr
0.76	RGAEX	Growth Fund	Pair Corr
0.67	FTYPX	Fidelity Freedom Index	Pair Corr
0.64	FFBTX	Fidelity Freedom Blend	Pair Corr
0.75	GCAVX	Gmo Small Cap	Pair Corr
0.72	GQLOX	Gmo Quality Fund	Pair Corr
0.86	GMCQX	Gmo Equity Allocation	Pair Corr

Moving against Upright Mutual Fund

0.6	GAAVX	Gmo Alternative Allo	Pair Corr
0.45	GABFX	Gmo Asset Allocation	Pair Corr
0.45	HOSGX	Short Term Government	Pair Corr
0.32	GSRUX	Goldman Sachs Inflation	Pair Corr
0.31	FCBCX	Nuveen Strategic Income	Pair Corr
0.31	DBLLX	Doubleline Low Duration	Pair Corr
0.6	DPFAX	Deer Park Total	Pair Corr
0.59	DPFNX	Deer Park Total	Pair Corr
0.41	MPIBX	Bny Mellon Intermediate	Pair Corr
0.39	PRCIX	T Rowe Price	Pair Corr

Related Correlations Analysis

	PRFHX	UGSFX	TIMTX	BMBSX	FCSCX	LCPMX	FMUUX
PRFHX		0.78	0.98	0.98	0.69	0.88	0.76	PRFHX
UGSFX	0.78		0.7	0.86	0.94	0.68	0.9	UGSFX
TIMTX	0.98	0.7		0.94	0.6	0.87	0.67	TIMTX
BMBSX	0.98	0.86	0.94		0.78	0.87	0.84	BMBSX
FCSCX	0.69	0.94	0.6	0.78		0.65	0.94	FCSCX
LCPMX	0.88	0.68	0.87	0.87	0.65		0.78	LCPMX
FMUUX	0.76	0.9	0.67	0.84	0.94	0.78		FMUUX
	PRFHX	UGSFX	TIMTX	BMBSX	FCSCX	LCPMX	FMUUX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Upright Mutual Fund performing well and Upright Growth 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 Growth'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
PRFHX	0.19	(0.01)	0.00	(0.65)	0.00	0.00	0.37	(0.54)	1.27
UGSFX	0.25	0.02	0.15	0.73	0.24	(0.30)	0.60	(0.50)	1.55
TIMTX	0.17	(0.02)	0.00	(0.86)	0.00	0.00	0.29	(0.38)	1.03
BMBSX	0.10	(0.01)	0.12	(0.40)	0.15	(0.13)	0.18	(0.26)	0.71
FCSCX	0.06	0.01	0.33	0.80	0.00	(0.18)	0.13	(0.13)	0.66
LCPMX	0.16	(0.02)	0.00	0.45	0.00	0.00	0.34	(0.45)	1.14
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40

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