Science Technology Correlations

VCSTX Fund

USD 30.93 0.70 2.32%

The current 90-days correlation between Science Technology and Oakhurst Short Duration is -0.29 (i.e., Very 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

Very weak diversification

The correlation between Science Technology Fund and DJI is 0.57 (i.e., Very weak 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 estimate.

Moving together with Science Mutual Fund

0.65	VEEA	Veea Inc Symbol Change	Pair Corr
0.75	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.61	YAAS	Youxin Technology	Pair Corr
0.65	ZSPC	zSpace, Common stock	Pair Corr
0.76	INGM	Ingram Micro Holding	Pair Corr
0.66	MIND	Mind Technology	Pair Corr
0.85	HPE-PC	Hewlett Packard Ente	Pair Corr
0.66	VEEAW	Veea Inc Symbol Change	Pair Corr
0.65	NOVA	Sunnova Energy Inter	Pair Corr
0.65	NXXT	NextNRG Symbol Change	Pair Corr
0.71	CORZZ	Core Scientific, Tranche Downward Rally	Pair Corr
0.71	SLNHP	Soluna Holdings Preferred	Pair Corr
0.8	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.61	RZLVW	Rezolve AI Limited	Pair Corr

Moving against Science Mutual Fund

0.52	EMKR	EMCORE	Pair Corr
0.65	INFN	Infinera	Pair Corr
0.6	MTTR	Matterport	Pair Corr
0.52	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.38	HPAIW	Helport AI Limited	Pair Corr
0.58	VCBDX	Valic Company I	Pair Corr

Related Correlations Analysis

	OHSHX	PHDTX	WAYRX	NMHYX	MWHYX	HYSZX	AHYMX
OHSHX		0.95	0.92	0.96	0.92	0.93	0.83	OHSHX
PHDTX	0.95		0.95	0.93	0.96	0.96	0.92	PHDTX
WAYRX	0.92	0.95		0.95	0.95	0.95	0.88	WAYRX
NMHYX	0.96	0.93	0.95		0.9	0.91	0.79	NMHYX
MWHYX	0.92	0.96	0.95	0.9		0.98	0.94	MWHYX
HYSZX	0.93	0.96	0.95	0.91	0.98		0.91	HYSZX
AHYMX	0.83	0.92	0.88	0.79	0.94	0.91		AHYMX
	OHSHX	PHDTX	WAYRX	NMHYX	MWHYX	HYSZX	AHYMX

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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
OHSHX	0.13	0.00	0.14	(0.09)	0.13	(0.17)	0.23	(0.23)	1.02
PHDTX	0.12	0.00	0.14	0.08	0.13	(0.15)	0.22	(0.23)	0.79
WAYRX	0.16	0.01	0.17	0.07	0.09	(0.26)	0.44	(0.29)	1.02
NMHYX	0.13	0.00	0.14	(0.03)	0.14	(0.16)	0.24	(0.24)	0.95
MWHYX	0.12	0.00	0.21	0.04	0.08	(0.18)	0.43	(0.22)	0.76
HYSZX	0.13	0.01	0.23	(0.23)	0.00	(0.22)	0.48	(0.24)	1.08
AHYMX	0.12	0.00	0.15	0.13	0.13	(0.18)	0.22	(0.33)	0.76

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