Upright Assets Correlations

UPAAX Fund

USD 18.05 0.28 1.58%

The current 90-days correlation between Upright Assets Allocation and Aqr Managed Futures is 0.18 (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

Significant diversification

The correlation between Upright Assets Allocation and DJI is 0.09 (i.e., Significant 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

0.8	UPDDX	Upright Growth Income	Pair Corr
0.63	UPUPX	Upright Growth	Pair Corr
0.67	WARCX	Wells Fargo Advantage	Pair Corr

Related Correlations Analysis

	QMHIX	GPMFX	ABNYX	ABYIX	ANBIX	AMFAX	MFTFX
QMHIX		0.32	-0.4	0.44	-0.35	0.4	0.26	QMHIX
GPMFX	0.32		0.25	0.82	0.25	0.98	0.95	GPMFX
ABNYX	-0.4	0.25		0.28	0.73	0.14	0.3	ABNYX
ABYIX	0.44	0.82	0.28		0.38	0.8	0.84	ABYIX
ANBIX	-0.35	0.25	0.73	0.38		0.16	0.37	ANBIX
AMFAX	0.4	0.98	0.14	0.8	0.16		0.94	AMFAX
MFTFX	0.26	0.95	0.3	0.84	0.37	0.94		MFTFX
	QMHIX	GPMFX	ABNYX	ABYIX	ANBIX	AMFAX	MFTFX

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

AMFAX	+ 0.98	GPMFX
MFTFX	+ 0.95	GPMFX
MFTFX	+ 0.94	AMFAX
MFTFX	+ 0.84	ABYIX
ABYIX	+ 0.82	GPMFX
AMFAX	+ 0.8	ABYIX

High negative correlations

ABNYX	- 0.4	QMHIX
ANBIX	- 0.35	QMHIX

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
QMHIX	0.74	0.04	0.00	0.16	1.01	(0.75)	1.41	(1.98)	4.49
GPMFX	0.69	0.05	(0.01)	0.34	0.82	(0.73)	1.30	(1.53)	3.61
ABNYX	0.07	(0.01)	(0.65)	(0.36)	0.08	(0.11)	0.09	(0.09)	0.57
ABYIX	0.43	0.03	(0.03)	0.16	0.44	(0.49)	0.92	(1.00)	2.56
ANBIX	0.07	(0.01)	(0.80)	(0.34)	0.06	(0.11)	0.19	(0.10)	0.48
AMFAX	0.68	0.05	(0.02)	0.34	0.78	(0.74)	1.22	(1.46)	3.63
MFTFX	1.17	0.15	0.06	0.77	1.17	(1.38)	2.76	(2.24)	6.84

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