Consumer Goods Correlations

CNPSX Fund

USD 65.41 0.97 1.51%

The current 90-days correlation between Consumer Goods Ultra and Consumer Goods Ultrasector is -0.1 (i.e., Good diversification). The correlation of Consumer Goods 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.

Consumer Goods Correlation With Market

Significant diversification

The correlation between Consumer Goods Ultrasector and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Goods Ultrasector and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Consumer Goods Ultrasector. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Consumer Mutual Fund

0.69	RYCCX	Nasdaq 100 2x	Pair Corr
0.83	RMQHX	Monthly Rebalance	Pair Corr
0.83	RMQAX	Monthly Rebalance	Pair Corr
0.84	RMQCX	Monthly Rebalance	Pair Corr
0.66	MCD	McDonalds Earnings Call This Week	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.78	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.77	TRV	The Travelers Companies	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.71	HPQ	HP Inc	Pair Corr

Moving against Consumer Mutual Fund

0.53	BA	Boeing	Pair Corr
0.41	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.32	MMM	3M Company	Pair Corr

Related Correlations Analysis

	CNPIX	CYPSX	UMPSX	INPSX	UOPSX
CNPIX		0.05	0.65	-0.01	0.15	CNPIX
CYPSX	0.05		0.02	0.93	0.87	CYPSX
UMPSX	0.65	0.02		0.09	0.18	UMPSX
INPSX	-0.01	0.93	0.09		0.83	INPSX
UOPSX	0.15	0.87	0.18	0.83		UOPSX
	CNPIX	CYPSX	UMPSX	INPSX	UOPSX

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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

INPSX	+ 0.93	CYPSX
UOPSX	+ 0.87	CYPSX
UOPSX	+ 0.83	INPSX
UMPSX	+ 0.65	CNPIX
UOPSX	+ 0.18	UMPSX
UOPSX	+ 0.15	CNPIX

High negative correlations

INPSX

- 0.01

CNPIX

Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Goods 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 Consumer Goods' 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
CNPIX	0.81	(0.08)	0.00	(0.15)	0.00	0.00	1.61	(2.26)	6.53
CYPSX	1.41	0.29	0.14	0.36	1.69	(1.54)	3.17	(2.41)	11.70
UMPSX	1.47	(0.01)	0.02	0.08	1.86	(1.62)	3.22	(2.23)	15.99
INPSX	1.44	0.28	0.15	0.31	1.61	(1.54)	3.08	(2.31)	10.61
UOPSX	1.80	0.10	0.05	0.16	2.28	(1.97)	3.31	(3.61)	12.66

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