Science Technology Correlations

USTCX Fund

USD 26.56 0.02 0.08%

The current 90-days correlation between Science Technology and Tax Free Conservative Income is -0.03 (i.e., Good diversification). The correlation of Science Technology 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.

Science Technology Correlation With Market

Poor diversification

The correlation between Science Technology Fund and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Science Technology 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 Science Technology 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 main economic indicators.

Moving together with Science Mutual Fund

0.76	VEEA	Veea Inc Symbol Change	Pair Corr
0.78	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.93	FIVN	Five9 Inc	Pair Corr
0.91	FLYW	Flywire Corp	Pair Corr
0.91	DBX	Dropbox	Pair Corr
0.76	DDD	3D Systems	Pair Corr
0.86	DLO	Dlocal	Pair Corr
0.9	DXC	DXC Technology	Pair Corr
0.81	GIB	CGI Inc	Pair Corr
0.75	OSS	One Stop Systems	Pair Corr
0.71	PAY	Paymentus Holdings	Pair Corr
0.8	SOS	SOS Limited	Pair Corr

Moving against Science Mutual Fund

0.6	EMKR	EMCORE	Pair Corr
0.35	III	Information Services	Pair Corr
0.32	HCP	Hashicorp	Pair Corr
0.53	SWI	SolarWinds Corp	Pair Corr

Related Correlations Analysis

	TFCAX	BICPX	QDARX	DIFIX	GPICX	PGBAX	PGFCX
TFCAX		0.66	0.95	0.86	0.92	0.86	0.62	TFCAX
BICPX	0.66		0.65	0.89	0.79	0.84	0.93	BICPX
QDARX	0.95	0.65		0.88	0.96	0.88	0.6	QDARX
DIFIX	0.86	0.89	0.88		0.9	0.95	0.83	DIFIX
GPICX	0.92	0.79	0.96	0.9		0.9	0.72	GPICX
PGBAX	0.86	0.84	0.88	0.95	0.9		0.84	PGBAX
PGFCX	0.62	0.93	0.6	0.83	0.72	0.84		PGFCX
	TFCAX	BICPX	QDARX	DIFIX	GPICX	PGBAX	PGFCX

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Risk-Adjusted Indicators

There is a big difference between Science Mutual Fund performing well and Science Technology 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 Science Technology'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
TFCAX	0.02	0.00	0.00	0.27	0.00	0.00	0.10	0.00	0.40
BICPX	0.24	0.00	(0.01)	(0.01)	0.30	(0.30)	0.54	(0.45)	1.55
QDARX	0.08	0.03	0.26	1.92	0.00	(0.13)	0.25	(0.08)	0.49
DIFIX	0.28	0.01	0.01	0.02	0.35	(0.33)	0.58	(0.57)	1.51
GPICX	0.04	0.01	0.00	0.20	0.00	0.00	0.10	(0.10)	0.21
PGBAX	0.14	0.01	0.01	(0.12)	0.09	(0.18)	0.34	(0.25)	0.85
PGFCX	0.30	(0.01)	(0.02)	0.05	0.39	(0.34)	0.67	(0.48)	1.75

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