Upright Assets Correlations

UPAAX Fund

USD 18.56 0.25 1.37%

The current 90-days correlation between Upright Assets Allocation and Ab Global E is 0.19 (i.e., Average 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

Almost no diversification

The correlation between Upright Assets Allocation and DJI is 0.93 (i.e., Almost no 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

0.98	UPDDX	Upright Growth Income	Pair Corr
0.93	UPUPX	Upright Growth	Pair Corr
0.77	PAALX	All Asset Fund	Pair Corr
0.77	PATRX	Pimco All Asset	Pair Corr
0.77	PAAIX	All Asset Fund	Pair Corr
0.77	PALPX	Pimco All Asset	Pair Corr
0.77	PASAX	All Asset Fund	Pair Corr
0.77	PASCX	All Asset Fund	Pair Corr
0.77	PAANX	Pimco All Asset	Pair Corr
0.75	PAUPX	Pimco All Asset	Pair Corr
0.76	PAUIX	Pimco All Asset	Pair Corr
0.77	WARRX	Wells Fargo Advantage	Pair Corr
0.81	EKWDX	Wells Fargo Advantage	Pair Corr
0.74	OEPIX	Oil Equipment Services Steady Growth	Pair Corr
0.74	OEPSX	Oil Equipment Services Steady Growth	Pair Corr
0.91	TTOIX	Target 2060 Fund	Pair Corr
0.86	OGMCX	Oppenheimer Gold Special Steady Growth	Pair Corr
0.82	RMDUX	American Funds Multi	Pair Corr
0.7	TOLIX	Deutsche Global Infr	Pair Corr
0.9	VWEAX	Vanguard High Yield	Pair Corr
0.76	POSKX	Primecap Odyssey Stock	Pair Corr
0.81	GCEYX	Ab Global E	Pair Corr
0.77	AMDVX	Mid Cap Value	Pair Corr
0.82	TAARX	Transamerica Asset	Pair Corr
0.93	RYDHX	Dow Jones Industrial	Pair Corr
0.92	SVSPX	Ssga Sp 500	Pair Corr
0.95	CWIEX	Capital World Growth	Pair Corr
0.94	FFNOX	Fidelity Four-in-one	Pair Corr
0.91	AICCX	Investment Of America	Pair Corr
0.87	CGIFX	International Growth And	Pair Corr
0.83	DWGCX	American Funds Developing	Pair Corr
0.92	PSGRX	Putnam Small Cap	Pair Corr
0.86	AMFFX	American Mutual	Pair Corr
0.86	AMIDX	Amana Developing World	Pair Corr
0.86	FGFCX	Federated International	Pair Corr
0.88	FTCNX	Fidelity Canada	Pair Corr
0.83	PCEMX	Pace International	Pair Corr

Related Correlations Analysis

	UPAAX	UPDDX	UPUPX	BAISX	HCMNX	RIDFX	FEMKX	FPTKX	FKLAX	GCEYX
UPAAX		0.98	0.93	0.55	0.95	0.83	0.85	0.87	0.68	0.81	UPAAX
UPDDX	0.98		0.96	0.63	0.91	0.89	0.89	0.92	0.77	0.86	UPDDX
UPUPX	0.93	0.96		0.64	0.83	0.9	0.93	0.97	0.81	0.85	UPUPX
BAISX	0.55	0.63	0.64		0.5	0.82	0.74	0.76	0.87	0.51	BAISX
HCMNX	0.95	0.91	0.83	0.5		0.74	0.73	0.77	0.59	0.77	HCMNX
RIDFX	0.83	0.89	0.9	0.82	0.74		0.95	0.96	0.93	0.77	RIDFX
FEMKX	0.85	0.89	0.93	0.74	0.73	0.95		0.97	0.89	0.74	FEMKX
FPTKX	0.87	0.92	0.97	0.76	0.77	0.96	0.97		0.9	0.83	FPTKX
FKLAX	0.68	0.77	0.81	0.87	0.59	0.93	0.89	0.9		0.64	FKLAX
GCEYX	0.81	0.86	0.85	0.51	0.77	0.77	0.74	0.83	0.64		GCEYX
	UPAAX	UPDDX	UPUPX	BAISX	HCMNX	RIDFX	FEMKX	FPTKX	FKLAX	GCEYX

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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
UPAAX	1.31	0.05	0.05	0.10	1.72	(1.31)	2.72	(3.12)	7.24
UPDDX	1.03	0.10	0.07	0.15	1.33	(1.08)	2.17	(2.63)	6.33
UPUPX	1.10	0.25	0.17	0.34	1.15	(1.25)	2.56	(2.45)	11.37
BAISX	0.14	0.02	(0.28)	1.11	0.00	(0.21)	0.35	(0.23)	0.71
HCMNX	0.86	(0.02)	0.00	0.06	1.17	(0.85)	1.71	(1.92)	5.72
RIDFX	0.34	0.09	0.13	0.27	0.06	(0.40)	0.79	(0.62)	1.97
FEMKX	0.67	0.12	0.10	0.25	0.62	(0.68)	1.76	(1.51)	4.14
FPTKX	0.25	0.07	0.07	0.36	0.00	(0.32)	0.51	(0.43)	2.69
FKLAX	0.07	0.02	(0.26)	1.43	0.00	(0.14)	0.20	(0.10)	0.69
GCEYX	0.72	0.16	0.17	0.33	0.49	(0.93)	1.30	(1.30)	11.04

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Upright Assets Correlations

Upright Assets Correlation With Market

Almost no diversification

Moving together with Upright Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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