Science Technology Correlations
| USTCX Fund | USD 30.25 0.62 2.09% |
The current 90-days correlation between Science Technology and Blackrock Large Cap is 0.03 (i.e., Significant 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
Significant diversification
The correlation between Science Technology Fund and DJI is 0.08 (i.e., Significant 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.
Science |
Moving together with Science Mutual Fund
| 0.76 | UINQX | Usaa Nasdaq 100 | PairCorr |
| 0.64 | RSGFX | Victory Rs Select | PairCorr |
| 0.84 | MAICX | Victory Trivalent | PairCorr |
| 0.7 | URITX | International Fund | PairCorr |
| 0.85 | UANQX | Usaa Nasdaq 100 | PairCorr |
| 0.91 | USWGX | World Growth | PairCorr |
| 0.77 | MUXYX | Victory Sp 500 | PairCorr |
| 0.77 | UCNQX | Usaa Nasdaq 100 | PairCorr |
Related Correlations Analysis
| 0.62 | 0.49 | 0.72 | 0.68 | 0.66 | 0.59 | MKFOX | ||
| 0.62 | 0.61 | 0.72 | 0.61 | 0.73 | 0.65 | TRLUX | ||
| 0.49 | 0.61 | 0.71 | 0.46 | 0.63 | 0.43 | SMVLX | ||
| 0.72 | 0.72 | 0.71 | 0.68 | 0.9 | 0.82 | ALCEX | ||
| 0.68 | 0.61 | 0.46 | 0.68 | 0.82 | 0.85 | TAGRX | ||
| 0.66 | 0.73 | 0.63 | 0.9 | 0.82 | 0.9 | MXHAX | ||
| 0.59 | 0.65 | 0.43 | 0.82 | 0.85 | 0.9 | NEAMX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MKFOX | 0.99 | 0.04 | 0.02 | 0.10 | 1.26 | 2.12 | 13.17 | |||
| TRLUX | 0.87 | 0.03 | 0.00 | 0.11 | 1.89 | 1.32 | 22.90 | |||
| SMVLX | 0.76 | (0.05) | (0.05) | 0.01 | 0.94 | 1.91 | 3.97 | |||
| ALCEX | 0.65 | 0.05 | 0.05 | 0.11 | 0.82 | 1.62 | 3.64 | |||
| TAGRX | 0.60 | 0.02 | (0.03) | 0.19 | 0.88 | 1.46 | 3.41 | |||
| MXHAX | 0.52 | 0.06 | 0.01 | 0.37 | 0.55 | 1.01 | 2.98 | |||
| NEAMX | 0.49 | 0.05 | (0.01) | 0.40 | 0.68 | 1.06 | 3.21 |