Upright Assets Correlations

UPAAX Fund

USD 17.57 -0.35 -1.95%

Current 90-days correlation between Upright Assets Allocation and JPMorgan Short Intermediate Municipal is 0.08 (i.e., Significant diversification).The correlation of Upright Assets 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.

Market Correlation Summary - Upright Assets

Poor diversification

For the present investment horizon, the measured correlation between UPAAX and DJI stands at 0.68, or Poor diversification. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Review World Market Map to understand diversified portfolio construction. Additional portfolio transparency improves capital positioning. This includes a position in Upright Assets Allocation within the portfolio mix. 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 nation.

Moving together with Upright Mutual Fund

0.94	UPDDX	Upright Growth Income	Pair Corr
0.79	UPUPX	Upright Growth	Pair Corr
0.87	FTYPX	Fidelity Freedom Index	Pair Corr
0.86	FFBTX	Fidelity Freedom Blend	Pair Corr
0.69	GCAVX	Gmo Small Cap	Pair Corr
0.8	GHVIX	Gmo High Yield	Pair Corr
0.85	GMCQX	Gmo Equity Allocation	Pair Corr
0.75	BADEX	BlackRock Defensive	Pair Corr
0.92	CAGCX	Calamos Global Vertible	Pair Corr
0.67	FSDPX	Materials Portfolio	Pair Corr
0.72	PFUMX	FINISTERRE UNCONSTRAINED	Pair Corr
0.86	LPVRX	BlackRock Lifepath	Pair Corr
0.69	PQTNX	PIMCO Trends Managed	Pair Corr
0.87	RHITX	American Funds 2050	Pair Corr
0.84	STLFX	BlackRock Lifepath	Pair Corr
0.8	JLFEX	Retirement Living Through	Pair Corr

Related Correlations Analysis

	HHMAX	DUTMX	FYMNX	TIMTX	VMLTX	PATIX	OSTAX
HHMAX		0.88	0.98	0.99	0.98	0.98	0.98	HHMAX
DUTMX	0.88		0.91	0.89	0.86	0.83	0.83	DUTMX
FYMNX	0.98	0.91		0.99	0.97	0.96	0.94	FYMNX
TIMTX	0.99	0.89	0.99		0.99	0.98	0.97	TIMTX
VMLTX	0.98	0.86	0.97	0.99		0.99	0.98	VMLTX
PATIX	0.98	0.83	0.96	0.98	0.99		0.99	PATIX
OSTAX	0.98	0.83	0.94	0.97	0.98	0.99		OSTAX
	HHMAX	DUTMX	FYMNX	TIMTX	VMLTX	PATIX	OSTAX

Risk-Adjusted Indicators

There is a big difference between Upright Mutual Fund performing well and Upright Assets 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 Assets' 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
HHMAX	0.08	0.01	0.36	0.41	0.00	-0.15	0.23	-0.24	0.95
DUTMX	0.23	0.01	0.24	0.10	0.29	-0.25	0.41	-0.54	1.48
FYMNX	0.08	0.01	0.44	1.38	0.00	-0.14	0.19	-0.19	0.93
TIMTX	0.08	0.01	0.39	0.62	0.00	-0.13	0.19	-0.19	0.83
VMLTX	0.05	0.01	0.62	0.68	0.00	-0.13	0.09	-0.09	0.55
PATIX	0.06	0.01	0.00	0.33	0.00	0.00	0.18	-0.18	0.55
OSTAX	0.04	0.01	0.00	0.82	0.00	0.00	0.10	-0.10	0.39

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Upright Assets Correlations

Market Correlation Summary - Upright Assets

Moving together with Upright Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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