Firsthand Technology Correlations

SVVC Fund

USD 0.05 0.03 150.00%

The current 90-days correlation between Firsthand Technology and Flow Capital Corp is -0.09 (i.e., Good diversification). The correlation of Firsthand 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.

Firsthand Technology Correlation With Market

Good diversification

The correlation between Firsthand Technology Value and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Firsthand Technology Value 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 Firsthand Technology Value. Also, note that the market value of any otc fund could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving against Firsthand OTC Fund

0.69	CLM	Cornerstone Strategic	Pair Corr
0.65	CRF	Cornerstone Total Return	Pair Corr
0.63	MRK	Merck Company	Pair Corr
0.62	CII	Blackrock Enhanced	Pair Corr
0.62	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.58	DD	Dupont De Nemours	Pair Corr
0.57	NFJ	Virtus Dividend Interest	Pair Corr
0.56	ETV	Eaton Vance Tax	Pair Corr
0.55	AXP	American Express	Pair Corr
0.54	CAT	Caterpillar	Pair Corr
0.51	USA	Liberty All Star	Pair Corr
0.43	WMT	Walmart Common Stock	Pair Corr
0.41	CSCO	Cisco Systems	Pair Corr
0.33	CVX	Chevron Corp	Pair Corr
0.31	IBM	International Business	Pair Corr

Related Correlations Analysis

	ICMB	AEF	AHFCF	BLRZF	PYCFF	STRS	OFS	RAND	SSBI
ICMB		-0.22	-0.08	-0.12	-0.2	0.44	-0.02	0.34	0.18	ICMB
AEF	-0.22		0.16	0.51	0.54	0.54	-0.44	-0.42	0.17	AEF
AHFCF	-0.08	0.16		0.22	0.3	0.03	-0.3	-0.13	-0.16	AHFCF
BLRZF	-0.12	0.51	0.22		0.75	0.28	-0.74	-0.06	-0.46	BLRZF
PYCFF	-0.2	0.54	0.3	0.75		0.29	-0.75	-0.12	-0.52	PYCFF
STRS	0.44	0.54	0.03	0.28	0.29		-0.48	-0.08	0.34	STRS
OFS	-0.02	-0.44	-0.3	-0.74	-0.75	-0.48		0.15	0.54	OFS
RAND	0.34	-0.42	-0.13	-0.06	-0.12	-0.08	0.15		-0.12	RAND
SSBI	0.18	0.17	-0.16	-0.46	-0.52	0.34	0.54	-0.12		SSBI
	ICMB	AEF	AHFCF	BLRZF	PYCFF	STRS	OFS	RAND	SSBI

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

PYCFF	+ 0.75	BLRZF
PYCFF	+ 0.54	AEF
STRS	+ 0.54	AEF
SSBI	+ 0.54	OFS
BLRZF	+ 0.51	AEF
STRS	+ 0.44	ICMB

High negative correlations

OFS	- 0.75	PYCFF
OFS	- 0.74	BLRZF
SSBI	- 0.52	PYCFF
OFS	- 0.48	STRS
SSBI	- 0.46	BLRZF
OFS	- 0.44	AEF

Risk-Adjusted Indicators

There is a big difference between Firsthand OTC Fund performing well and Firsthand Technology OTC 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 Firsthand 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
ICMB	1.22	(0.02)	0.00	(0.52)	0.00	0.00	2.60	(2.45)	8.55
AEF	0.90	0.12	0.09	0.23	0.93	(1.03)	2.13	(1.64)	5.49
AHFCF	0.28	0.14	0.00	(2.07)	0.00	0.00	0.00	0.00	7.69
BLRZF	28.98	12.61	0.00	1.10	0.00	0.00	0.00	0.00	900.00
PYCFF	9.94	4.88	2.68	2.28	0.00	(14.29)	2.72	(2.72)	337.53
STRS	2.28	0.27	0.12	0.25	2.33	(2.73)	5.07	(4.41)	17.98
OFS	2.20	(0.58)	0.00	(1.71)	0.00	0.00	4.14	(5.92)	16.93
RAND	2.33	(0.27)	0.00	(6.94)	0.00	0.00	6.53	(8.40)	20.24
SSBI	1.02	0.00	(0.03)	0.07	1.99	(0.94)	2.38	(2.69)	8.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Firsthand Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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