Upright Assets Correlations

UPAAX Fund

USD 14.15 0.17 1.22%

The current 90-days correlation between Upright Assets Allocation and Upright Growth Income is 0.96 (i.e., Almost no diversification). The correlation of Upright Assets 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.

Upright Assets Correlation With Market

Very poor diversification

The correlation between Upright Assets Allocation and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upright Assets Allocation 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 Upright Assets Allocation. 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 Upright Mutual Fund

0.97	UPDDX	Upright Growth Income	Pair Corr
0.78	UPUPX	Upright Growth	Pair Corr
0.94	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VITSX	Vanguard Total Stock	Pair Corr
0.95	VFFSX	Vanguard 500 Index	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VINIX	Vanguard Institutional	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.72	RCILX	Alternative Credit Income	Pair Corr
0.92	VTMFX	Vanguard Tax Managed	Pair Corr
0.91	RWSIX	Redwood Systematic Macro	Pair Corr
0.94	THMAX	Thrivent Moderate	Pair Corr
0.9	RQECX	Resq Dynamic Allocation	Pair Corr
0.95	VWELX	Vanguard Wellington	Pair Corr
0.88	GRSPX	Greenspring Fund Retail	Pair Corr
0.95	INDEX	Sp 500 Equal	Pair Corr
0.73	RIV	Rivernorth Opportunities	Pair Corr
0.96	CMEUX	Six Circles Managed	Pair Corr
0.94	FBALX	Fidelity Balanced	Pair Corr
0.95	AGTHX	Growth Fund	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.97	FCNTX	Fidelity Contrafund	Pair Corr
0.97	VNSNX	Vaughan Nelson Select	Pair Corr
0.95	FXAIX	Fidelity 500 Index	Pair Corr

Moving against Upright Mutual Fund

0.47	PAUPX	Pimco All Asset	Pair Corr
0.45	PAUIX	Pimco All Asset	Pair Corr

Related Correlations Analysis

	UPDDX	UPUPX	FTAGX	SWLGX	LIADX	FAGIX	HFMIX	FADMX	AMDVX
UPDDX		0.76	0.88	0.95	0.51	0.9	0.89	0.16	0.71	UPDDX
UPUPX	0.76		0.5	0.58	0.34	0.58	0.5	0.09	0.28	UPUPX
FTAGX	0.88	0.5		0.95	0.64	0.94	0.97	0.45	0.92	FTAGX
SWLGX	0.95	0.58	0.95		0.64	0.96	0.95	0.33	0.8	SWLGX
LIADX	0.51	0.34	0.64	0.64		0.75	0.6	0.74	0.46	LIADX
FAGIX	0.9	0.58	0.94	0.96	0.75		0.94	0.47	0.78	FAGIX
HFMIX	0.89	0.5	0.97	0.95	0.6	0.94		0.43	0.88	HFMIX
FADMX	0.16	0.09	0.45	0.33	0.74	0.47	0.43		0.39	FADMX
AMDVX	0.71	0.28	0.92	0.8	0.46	0.78	0.88	0.39		AMDVX
	UPDDX	UPUPX	FTAGX	SWLGX	LIADX	FAGIX	HFMIX	FADMX	AMDVX

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Risk-Adjusted Indicators

There is a big difference between Upright Mutual Fund performing well and Upright Assets 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 Upright Assets' 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
UPDDX	1.24	(0.03)	0.02	0.10	1.65	(1.27)	3.05	(2.57)	9.40
UPUPX	0.88	(0.09)	(0.08)	0.01	1.28	(0.89)	1.67	(1.91)	5.68
FTAGX	0.31	0.00	(0.17)	0.12	0.23	(0.35)	0.63	(0.64)	2.05
SWLGX	0.71	0.01	0.00	0.14	1.04	(0.68)	1.67	(2.11)	5.14
LIADX	0.07	0.00	0.00	0.00	0.00	0.00	0.31	0.00	1.11
FAGIX	0.19	0.03	(0.20)	0.23	0.00	(0.27)	0.41	(0.29)	1.21
HFMIX	0.75	0.04	0.04	0.16	0.81	(0.82)	1.75	(1.33)	4.42
FADMX	0.14	0.00	(0.54)	0.21	0.08	(0.17)	0.26	(0.26)	0.85
AMDVX	0.53	0.00	(0.07)	0.12	0.41	(0.63)	0.89	(0.82)	3.22

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