Technology Communications Correlations

STPAX Fund

USD 23.59 0.08 0.34%

The current 90-days correlation between Technology Communications and Vanguard Information Technology is 0.93 (i.e., Almost no diversification). The correlation of Technology Communications 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 Communications Correlation With Market

Poor diversification

The correlation between Technology Munications Portfol and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technology Munications Portfol and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Technology Munications Portfolio. 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 Technology Mutual Fund

0.66	DYSL	Dynasil Of	Pair Corr
0.72	DIDIY	Didi Global ADR	Pair Corr
0.79	WEBB	Web Global Holdings	Pair Corr
0.72	WELX	Winland Holdings	Pair Corr
0.66	WGNR	Wegener	Pair Corr
0.76	CETXP	Cemtrex Pref	Pair Corr
0.68	HAUP	Hauppauge Digital OTC	Pair Corr

Moving against Technology Mutual Fund

0.81	EVOL	Evolving Systems	Pair Corr
0.77	VVPR	VivoPower International	Pair Corr
0.76	VHAI	VHAI	Pair Corr
0.73	DLPX	Delphax Technologies	Pair Corr
0.66	ELCO	Elcom International	Pair Corr
0.62	DMAN	Innovativ Media Group	Pair Corr
0.55	SBIGW	SpringBig Holdings	Pair Corr
0.53	DZSI	DZS Inc	Pair Corr
0.49	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.47	WRNT	Warrantee American	Pair Corr
0.45	XELA	Exela Technologies Earnings Call This Week	Pair Corr
0.35	WBTN	WEBTOON Entertainment	Pair Corr
0.84	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.8	IQST	Iqstel Inc	Pair Corr
0.79	VLD	Velo3D Inc	Pair Corr
0.79	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.79	ZPTAW	Zapata Computing Holdings	Pair Corr
0.67	SURGW	SurgePays Warrant	Pair Corr
0.36	GTLL	Global Techs	Pair Corr

Related Correlations Analysis

	VITAX	FSPTX	FSELX	FSCSX	SLMCX	SCICX	WSTCX
VITAX		0.92	0.85	0.83	0.91	0.97	0.9	VITAX
FSPTX	0.92		0.93	0.87	0.95	0.89	0.91	FSPTX
FSELX	0.85	0.93		0.65	0.86	0.79	0.93	FSELX
FSCSX	0.83	0.87	0.65		0.91	0.87	0.74	FSCSX
SLMCX	0.91	0.95	0.86	0.91		0.93	0.92	SLMCX
SCICX	0.97	0.89	0.79	0.87	0.93		0.86	SCICX
WSTCX	0.9	0.91	0.93	0.74	0.92	0.86		WSTCX
	VITAX	FSPTX	FSELX	FSCSX	SLMCX	SCICX	WSTCX

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Risk-Adjusted Indicators

There is a big difference between Technology Mutual Fund performing well and Technology Communications 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 Communications' 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
VITAX	0.99	(0.02)	0.00	0.08	1.47	(0.94)	1.98	(2.45)	6.25
FSPTX	1.07	0.10	(0.01)	(1.10)	1.69	(0.98)	2.16	(2.58)	7.16
FSELX	1.69	0.02	(0.03)	(0.78)	2.54	(1.62)	3.39	(4.38)	10.85
FSCSX	0.76	0.15	0.03	(1.18)	0.91	(0.82)	1.66	(1.81)	5.90
SLMCX	0.85	0.11	0.00	(0.82)	1.20	(0.88)	1.61	(1.79)	5.65
SCICX	0.85	(0.02)	0.00	0.08	1.21	(0.88)	1.62	(1.80)	5.67
WSTCX	1.01	0.06	(0.03)	(0.63)	1.47	(0.99)	1.78	(2.46)	6.40

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