Consumer Services Correlations

CYPIX Fund

USD 76.76 1.55 2.06%

The current 90-days correlation between Consumer Services and Msift High Yield is 0.56 (i.e., Very weak diversification). The correlation of Consumer Services 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 Services Correlation With Market

Average diversification

The correlation between Consumer Services Ultrasector 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 Consumer Services 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 Services Ultrasector. 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 gross domestic product.

Moving together with Consumer Mutual Fund

0.91	LGPIX	Large Cap Growth	Pair Corr
0.95	LGPSX	Profunds Large Cap	Pair Corr
0.92	OTPIX	Nasdaq 100 Profund	Pair Corr
0.93	OTPSX	Nasdaq 100 Profund	Pair Corr
0.93	BTCFX	Bitcoin Strategy Profund Steady Growth	Pair Corr
0.99	INPIX	Internet Ultrasector	Pair Corr
0.98	INPSX	Internet Ultrasector	Pair Corr
0.94	WCPIX	Mobile Telecommunicatio	Pair Corr
0.9	WCPSX	Mobile Telecommunicatio	Pair Corr
1.0	CYPSX	Consumer Services	Pair Corr

Moving against Consumer Mutual Fund

0.71	BRPSX	Bear Profund Bear	Pair Corr
0.68	BRPIX	Bear Profund Bear	Pair Corr
0.58	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.58	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.41	UIPSX	Ultrashort Mid Cap	Pair Corr
0.39	GVPSX	Us Government Plus	Pair Corr
0.39	UKPIX	Ultrashort Japan Profund	Pair Corr
0.38	GVPIX	Us Government Plus	Pair Corr
0.37	UIPIX	Ultrashort Mid Cap	Pair Corr
0.78	FDPSX	Falling Dollar Profund	Pair Corr
0.78	FDPIX	Falling Dollar Profund	Pair Corr
0.66	UNPSX	Ultrainternational	Pair Corr
0.64	UNPIX	Ultrainternational	Pair Corr

Related Correlations Analysis

	MRHYX	FAGIX	IPYSX	BUFHX	JYHRX	RIMOX	JDHYX
MRHYX		0.95	0.9	0.87	0.93	0.57	0.91	MRHYX
FAGIX	0.95		0.94	0.85	0.97	0.57	0.89	FAGIX
IPYSX	0.9	0.94		0.75	0.93	0.61	0.91	IPYSX
BUFHX	0.87	0.85	0.75		0.84	0.63	0.73	BUFHX
JYHRX	0.93	0.97	0.93	0.84		0.53	0.87	JYHRX
RIMOX	0.57	0.57	0.61	0.63	0.53		0.55	RIMOX
JDHYX	0.91	0.89	0.91	0.73	0.87	0.55		JDHYX
	MRHYX	FAGIX	IPYSX	BUFHX	JYHRX	RIMOX	JDHYX

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Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Services 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 Services' 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
MRHYX	0.11	0.01	0.08	0.42	0.00	(0.15)	0.24	(0.24)	0.59
FAGIX	0.25	0.03	0.09	0.65	0.21	(0.30)	0.59	(0.39)	1.87
IPYSX	0.14	0.01	0.04	1.40	0.09	(0.20)	0.46	(0.23)	1.04
BUFHX	0.09	0.03	0.21	2.14	0.00	(0.13)	0.19	(0.09)	0.66
JYHRX	0.12	0.01	0.06	0.57	0.00	(0.19)	0.31	(0.30)	0.77
RIMOX	0.06	0.00	0.04	0.28	0.00	(0.07)	0.10	(0.10)	0.57
JDHYX	0.15	0.00	0.02	0.05	0.13	(0.23)	0.27	(0.41)	1.37

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