Specialized Technology Correlations

WFTDX Fund

USD 12.53 0.23 1.87%

The current 90-days correlation between Specialized Technology and Veea Inc is -0.09 (i.e., Good diversification). The correlation of Specialized 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.

Specialized Technology Correlation With Market

Average diversification

The correlation between Specialized Technology Fund and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Specialized Technology Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Specialized 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 unemployment.

Moving together with Specialized Mutual Fund

0.67

EACO

Eaco Corp

Pair Corr

Moving against Specialized Mutual Fund

0.57	VEEA	Veea Inc Symbol Change	Pair Corr
0.42	WGNR	Wegener	Pair Corr
0.42	EXOD	Exodus Movement,	Pair Corr
0.71	MIND	Mind Technology	Pair Corr
0.47	HPAIW	Helport AI Limited	Pair Corr
0.36	LTCH	Latch Inc	Pair Corr

Related Correlations Analysis

	VEEA	VVPR	EXOD	DHICX	VMPYX	VMPAX	SADAX	SADIX	EMGYX	EMGNX
VEEA		-0.24	-0.22	0.15	0.08	0.03	-0.49	-0.45	0.54	0.53	VEEA
VVPR	-0.24		0.72	-0.13	-0.08	0.16	0.7	0.81	-0.7	-0.71	VVPR
EXOD	-0.22	0.72		-0.41	-0.35	-0.13	0.65	0.74	-0.76	-0.76	EXOD
DHICX	0.15	-0.13	-0.41		0.98	0.93	-0.05	-0.09	0.51	0.52	DHICX
VMPYX	0.08	-0.08	-0.35	0.98		0.95	0.05	0.02	0.43	0.44	VMPYX
VMPAX	0.03	0.16	-0.13	0.93	0.95		0.25	0.25	0.25	0.26	VMPAX
SADAX	-0.49	0.7	0.65	-0.05	0.05	0.25		0.94	-0.72	-0.72	SADAX
SADIX	-0.45	0.81	0.74	-0.09	0.02	0.25	0.94		-0.73	-0.73	SADIX
EMGYX	0.54	-0.7	-0.76	0.51	0.43	0.25	-0.72	-0.73		1.0	EMGYX
EMGNX	0.53	-0.71	-0.76	0.52	0.44	0.26	-0.72	-0.73	1.0		EMGNX
	VEEA	VVPR	EXOD	DHICX	VMPYX	VMPAX	SADAX	SADIX	EMGYX	EMGNX

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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

EMGNX	+ 1.0	EMGYX
VMPYX	+ 0.98	DHICX
VMPAX	+ 0.95	VMPYX
SADIX	+ 0.94	SADAX
VMPAX	+ 0.93	DHICX
SADIX	+ 0.81	VVPR

High negative correlations

EMGNX	- 0.76	EXOD
EMGYX	- 0.76	EXOD
EMGNX	- 0.73	SADIX
EMGYX	- 0.73	SADIX
EMGNX	- 0.72	SADAX
EMGYX	- 0.72	SADAX

Risk-Adjusted Indicators

There is a big difference between Specialized Mutual Fund performing well and Specialized 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 Specialized 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
VEEA	5.40	(0.34)	0.00	0.15	0.00	0.00	9.54	(10.26)	31.60
VVPR	6.17	1.63	0.18	(2.64)	7.63	(8.14)	16.30	(9.64)	112.34
EXOD	7.13	1.71	0.17	(1.10)	7.03	(10.89)	21.55	(16.54)	56.37
DHICX	0.11	(0.03)	0.00	(2.29)	0.00	0.00	0.23	(0.23)	1.02
VMPYX	0.11	(0.02)	0.00	(23.57)	0.00	0.00	0.23	(0.23)	0.91
VMPAX	0.11	0.00	0.00	0.00	0.00	0.00	0.23	(0.34)	1.02
SADAX	0.04	0.00	(0.14)	0.43	0.00	(0.14)	0.11	(0.11)	0.46
SADIX	0.04	0.00	(0.08)	(1.12)	0.00	(0.21)	0.11	(0.11)	0.57
EMGYX	0.58	(0.14)	0.00	(1.23)	0.00	0.00	0.99	(1.76)	3.81
EMGNX	0.58	(0.14)	0.00	(1.28)	0.00	0.00	1.00	(1.75)	3.80

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