Precious Metals Correlations

UIPMX Fund

USD 22.27 0.70 3.25%

The current 90-days correlation between Precious Metals And and Enhanced Large Pany is 0.19 (i.e., Average diversification). The correlation of Precious Metals 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.

Precious Metals Correlation With Market

Average diversification

The correlation between Precious Metals And and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precious Metals And 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 Precious Metals And. 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 population.

Moving together with Precious Mutual Fund

0.78	UIEMX	Emerging Markets	Pair Corr
0.79	UIIFX	International Fund	Pair Corr
1.0	SGGDX	First Eagle Gold Steady Growth	Pair Corr
1.0	FEGIX	First Eagle Gold Steady Growth	Pair Corr
0.94	FEGOX	First Eagle Gold Steady Growth	Pair Corr
0.98	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.98	OGMCX	Oppenheimer Gold Special	Pair Corr
0.99	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.99	FIJDX	Gold Portfolio Fidelity Steady Growth	Pair Corr
0.72	NHS	Neuberger Berman High	Pair Corr

Moving against Precious Mutual Fund

0.47	URUSX	Ultra Short Term	Pair Corr
0.35	URSBX	Short Term Bond	Pair Corr
0.33	URNQX	Nasdaq 100 Index	Pair Corr
0.32	UISBX	Short Term Bond	Pair Corr
0.46	UUSIX	Ultra Short Term	Pair Corr
0.37	LWHIX	Western Asset Short	Pair Corr

Related Correlations Analysis

	DFELX	PBLIX	JAAIX	CMACX	HBACX	GGRYX	ILESX
DFELX		0.69	0.83	0.76	0.91	0.74	0.78	DFELX
PBLIX	0.69		0.48	0.95	0.88	0.99	0.89	PBLIX
JAAIX	0.83	0.48		0.52	0.78	0.57	0.47	JAAIX
CMACX	0.76	0.95	0.52		0.92	0.96	0.93	CMACX
HBACX	0.91	0.88	0.78	0.92		0.92	0.86	HBACX
GGRYX	0.74	0.99	0.57	0.96	0.92		0.89	GGRYX
ILESX	0.78	0.89	0.47	0.93	0.86	0.89		ILESX
	DFELX	PBLIX	JAAIX	CMACX	HBACX	GGRYX	ILESX

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Risk-Adjusted Indicators

There is a big difference between Precious Mutual Fund performing well and Precious Metals 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 Precious Metals' 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
DFELX	0.62	0.03	(0.03)	0.16	0.86	(0.64)	1.28	(1.42)	5.57
PBLIX	0.51	(0.02)	(0.09)	0.04	0.75	(0.50)	1.06	(1.24)	3.61
JAAIX	0.16	0.01	(0.28)	0.22	0.12	(0.21)	0.31	(0.31)	1.13
CMACX	0.38	(0.01)	(0.12)	0.04	0.60	(0.36)	0.73	(0.92)	2.88
HBACX	0.37	0.01	(0.10)	0.12	0.55	(0.37)	0.79	(0.70)	2.93
GGRYX	0.42	(0.02)	(0.12)	0.03	0.58	(0.46)	0.86	(0.76)	3.17
ILESX	0.70	(0.01)	(0.06)	0.06	1.00	(0.69)	1.24	(1.84)	6.28

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