Upright Growth Correlations

UPUPX Fund

USD 10.35 0.09 0.86%

The current 90-days correlation between Upright Growth and Seafarer Overseas Growth is 0.5 (i.e., Very weak 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

Weak diversification

The correlation between Upright Growth Fund and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upright Growth Fund 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 Fund. 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 american community survey.

Moving together with Upright Mutual Fund

0.69	ZSPC	zSpace, Common stock Upward Rally	Pair Corr
0.82	INGM	Ingram Micro Holding	Pair Corr
0.74	MIND	Mind Technology	Pair Corr
0.77	PENG	Penguin Solutions, Symbol Change	Pair Corr

Moving against Upright Mutual Fund

0.49	INFN	Infinera	Pair Corr
0.33	FOXX	Foxx Development Holdings	Pair Corr
0.37	AMBR	Amber Road, Symbol Change	Pair Corr

Related Correlations Analysis

	SFGIX	SMSDX	BXECX	TEOJX	DBELX	APDOX
SFGIX		0.88	0.81	0.94	0.92	0.74	SFGIX
SMSDX	0.88		0.91	0.85	0.88	0.91	SMSDX
BXECX	0.81	0.91		0.84	0.92	0.9	BXECX
TEOJX	0.94	0.85	0.84		0.94	0.76	TEOJX
DBELX	0.92	0.88	0.92	0.94		0.8	DBELX
APDOX	0.74	0.91	0.9	0.76	0.8		APDOX
	SFGIX	SMSDX	BXECX	TEOJX	DBELX	APDOX

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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
SFGIX	0.54	0.05	0.11	0.05	0.79	(0.53)	1.09	(1.25)	4.18
SMSDX	0.22	0.03	0.21	0.05	0.26	(0.27)	0.43	(0.51)	1.30
BXECX	0.19	0.04	0.36	0.67	0.00	(0.32)	0.55	(0.27)	1.21
TEOJX	0.78	0.10	0.14	0.19	0.92	(0.85)	1.54	(1.53)	5.83
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07

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