Enrolled Investment Correlations
| UTAWX Fund | USD 10.30 0.02 0.19% |
The current 90-days correlation between Enrolled Investment and Allianzgi Technology Fund is 0.24 (i.e., Modest diversification). The correlation of Enrolled Investment 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.
Enrolled Investment Correlation With Market
Modest diversification
The correlation between Enrolled Investment Option and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enrolled Investment Option and DJI in the same portfolio, assuming nothing else is changed.
Enrolled |
Moving together with Enrolled Mutual Fund
| 0.64 | HCMFX | Hcm Dynamic Income | PairCorr |
| 0.63 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Enrolled Mutual Fund
| 0.68 | BIGBX | Blackrock Government Bond | PairCorr |
| 0.49 | HPQ | HP Inc | PairCorr |
| 0.35 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.31 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Enrolled Mutual Fund performing well and Enrolled Investment 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 Enrolled Investment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DRGTX | 0.83 | 0.15 | 0.10 | 0.26 | 1.00 | 2.21 | 6.59 | |||
| DTEYX | 0.86 | 0.08 | 0.05 | 0.19 | 0.96 | 1.86 | 5.99 | |||
| BIPIX | 1.60 | (0.31) | 0.00 | (0.08) | 0.00 | 3.10 | 11.89 | |||
| BSTSX | 0.96 | 0.04 | 0.02 | 0.13 | 1.56 | 2.16 | 8.70 | |||
| ROGSX | 0.77 | 0.03 | 0.02 | 0.13 | 0.95 | 1.70 | 5.59 | |||
| FIKHX | 0.89 | 0.13 | 0.09 | 0.24 | 1.02 | 1.82 | 6.65 | |||
| JAGTX | 0.94 | (0.10) | 0.00 | (0.02) | 0.00 | 1.88 | 12.93 |