Technology Ultrasector Correlations

TEPIX Fund

USD 36.83 0.85 2.36%

The current 90-days correlation between Technology Ultrasector and Transamerica Financial Life is 0.04 (i.e., Significant diversification). The correlation of Technology Ultrasector 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 Ultrasector Correlation With Market

Modest diversification

The correlation between Technology Ultrasector Profund and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technology Ultrasector Profund 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 Ultrasector Profund. 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 Technology Mutual Fund

0.99	TEPSX	Technology Ultrasector	Pair Corr
0.63	GVPIX	Us Government Plus	Pair Corr
0.63	GVPSX	Us Government Plus	Pair Corr
0.82	ULPIX	Ultrabull Profund	Pair Corr
0.87	ULPSX	Ultrabull Profund	Pair Corr
0.61	SVPSX	Small Cap Value	Pair Corr
0.62	UMPSX	Ultramid Cap Profund	Pair Corr
0.61	UMPIX	Ultramid Cap Profund	Pair Corr

Moving against Technology Mutual Fund

0.59	UIPSX	Ultrashort Mid Cap	Pair Corr
0.58	UIPIX	Ultrashort Mid Cap	Pair Corr
0.56	SRPSX	Short Real Estate Potential Growth	Pair Corr
0.55	SRPIX	Short Real Estate Potential Growth	Pair Corr
0.55	BRPIX	Bear Profund Bear	Pair Corr
0.55	BRPSX	Bear Profund Bear	Pair Corr
0.37	UKPSX	Ultrashort Japan Profund Steady Growth	Pair Corr
0.65	RRPSX	Rising Rates Opportunity	Pair Corr
0.65	RRPIX	Rising Rates Opportunity	Pair Corr
0.57	RTPIX	Rising Rates Opportunity	Pair Corr
0.56	RTPSX	Rising Rates Opportunity	Pair Corr

Related Correlations Analysis

	IAAEX	FIDAX	RMBLX	XFINX	SBFAX	FIKBX
IAAEX		0.87	0.64	0.14	0.83	0.63	IAAEX
FIDAX	0.87		0.9	0.36	0.85	0.91	FIDAX
RMBLX	0.64	0.9		0.52	0.71	0.98	RMBLX
XFINX	0.14	0.36	0.52		0.07	0.53	XFINX
SBFAX	0.83	0.85	0.71	0.07		0.71	SBFAX
FIKBX	0.63	0.91	0.98	0.53	0.71		FIKBX
	IAAEX	FIDAX	RMBLX	XFINX	SBFAX	FIKBX

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Risk-Adjusted Indicators

There is a big difference between Technology Mutual Fund performing well and Technology Ultrasector 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 Ultrasector'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
IAAEX	0.67	(0.11)	0.00	(0.72)	0.00	0.00	1.27	(0.93)	9.89
FIDAX	0.95	0.00	0.00	0.00	1.65	(0.96)	1.79	(2.01)	14.53
RMBLX	1.18	0.06	0.04	0.11	1.37	(1.33)	2.60	(2.31)	15.68
XFINX	0.12	0.00	0.00	(0.15)	0.21	(0.15)	0.21	(0.28)	1.14
SBFAX	0.93	(0.04)	0.00	(0.11)	0.00	0.00	1.73	(1.85)	15.92
FIKBX	0.85	0.08	0.07	0.23	1.02	(0.94)	1.66	(1.95)	11.21

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