Technology Portfolio Correlations

FSPTX Fund

USD 43.42 0.70 1.64%

The current 90-days correlation between Technology Portfolio and Gqg Partners Emerg is 0.01 (i.e., Significant diversification). The correlation of Technology Portfolio 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.

Technology Portfolio Correlation With Market

Very weak diversification

The correlation between Technology Portfolio Technolog and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technology Portfolio Technolog and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Technology Portfolio Technology. 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 producer price index.

Moving together with Technology Mutual Fund

0.74	FPURX	Fidelity Puritan	Pair Corr
0.74	FPUKX	Fidelity Puritan	Pair Corr
0.64	FQIFX	Fidelity Freedom Index	Pair Corr
0.76	FQIPX	Fidelity Freedom Index	Pair Corr
0.72	FQITX	Fidelity Salem Street	Pair Corr
0.72	FQLSX	Fidelity Flex Freedom	Pair Corr
0.72	FRBDX	Fidelity Freedom 2070	Pair Corr
0.72	FRBHX	Fidelity Freedom 2070	Pair Corr
0.73	FRBJX	Fidelity Advisor Freedom	Pair Corr
0.73	FRBLX	Fidelity Advisor Freedom	Pair Corr
0.73	FRBNX	Fidelity Advisor Freedom	Pair Corr
0.73	FRBOX	Fidelity Advisor Freedom	Pair Corr
0.72	FRBPX	Fidelity Advisor Freedom	Pair Corr
0.73	FRBQX	Fidelity Flex Freedom	Pair Corr
0.76	FRBUX	Fidelity Freedom Index	Pair Corr
0.76	FRBVX	Fidelity Freedom Index	Pair Corr
0.76	FRBWX	Fidelity Freedom Index	Pair Corr
0.73	FRBYX	Fidelity Freedom Blend	Pair Corr
0.77	FRAGX	Aggressive Growth	Pair Corr
0.72	FRAMX	Fidelity Income Repl	Pair Corr
0.62	FRASX	Fidelity Income Repl	Pair Corr
0.73	FRCFX	Fidelity Freedom Blend	Pair Corr
0.73	FRCHX	Fidelity Freedom Blend	Pair Corr
0.61	FRCJX	Fidelity Freedom Blend	Pair Corr
0.64	FRCKX	Fidelity Freedom Blend	Pair Corr
0.72	FRCLX	Fidelity Freedom Blend	Pair Corr
0.73	FRCNX	Fidelity Freedom Blend	Pair Corr
0.74	FRCQX	Fidelity Sustainable	Pair Corr
0.74	FRCRX	Fidelity Sustainable	Pair Corr
0.63	FRCVX	Fidelity Sustainable	Pair Corr
0.74	FRCWX	Fidelity Sustainable	Pair Corr
0.74	FRCYX	Fidelity Sustainable	Pair Corr
0.74	FRDCX	Fidelity Sustainable	Pair Corr
0.74	FRDDX	Fidelity Sustainable	Pair Corr

Related Correlations Analysis

	VAFIX	DFSTX	WCMRX	DFSVX	FSELX	TEPLX	FZTKX	TWCGX	OTCIX	GQGPX
VAFIX		0.22	0.32	0.03	0.34	0.37	0.27	0.19	0.11	0.11	VAFIX
DFSTX	0.22		0.85	0.9	0.66	0.9	0.75	0.74	0.81	0.62	DFSTX
WCMRX	0.32	0.85		0.84	0.69	0.9	0.74	0.79	0.86	0.7	WCMRX
DFSVX	0.03	0.9	0.84		0.66	0.77	0.76	0.7	0.87	0.6	DFSVX
FSELX	0.34	0.66	0.69	0.66		0.68	0.96	0.66	0.65	0.37	FSELX
TEPLX	0.37	0.9	0.9	0.77	0.68		0.73	0.78	0.73	0.73	TEPLX
FZTKX	0.27	0.75	0.74	0.76	0.96	0.73		0.71	0.75	0.41	FZTKX
TWCGX	0.19	0.74	0.79	0.7	0.66	0.78	0.71		0.8	0.5	TWCGX
OTCIX	0.11	0.81	0.86	0.87	0.65	0.73	0.75	0.8		0.44	OTCIX
GQGPX	0.11	0.62	0.7	0.6	0.37	0.73	0.41	0.5	0.44		GQGPX
	VAFIX	DFSTX	WCMRX	DFSVX	FSELX	TEPLX	FZTKX	TWCGX	OTCIX	GQGPX

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Risk-Adjusted Indicators

There is a big difference between Technology Mutual Fund performing well and Technology Portfolio 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 Technology Portfolio'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
VAFIX	0.95	(0.15)	0.00	(0.09)	0.00	0.00	1.71	(2.59)	5.85
DFSTX	0.78	0.12	0.07	0.57	0.84	(0.83)	1.86	(1.34)	4.38
WCMRX	0.79	0.10	0.08	0.21	0.72	(0.92)	1.49	(1.46)	6.97
DFSVX	0.78	0.11	0.12	0.17	0.67	(0.87)	2.42	(1.22)	4.86
FSELX	1.68	0.26	0.13	0.24	1.93	(1.76)	3.75	(3.66)	10.78
TEPLX	0.57	0.06	0.00	0.59	0.74	(0.54)	1.26	(1.25)	3.66
FZTKX	0.51	0.07	0.06	0.16	0.64	(0.53)	1.08	(1.20)	2.72
TWCGX	1.08	0.29	0.17	(1.11)	0.82	(1.26)	1.35	(1.88)	23.80
OTCIX	1.06	0.21	0.17	0.38	0.82	(1.33)	1.35	(1.67)	18.76
GQGPX	0.48	0.04	0.01	0.16	0.49	(0.50)	0.85	(0.72)	2.32

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Technology Portfolio Correlations

Technology Portfolio Correlation With Market

Very weak diversification

Moving together with Technology Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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