Upright Growth Correlations

UPDDX Fund

USD 27.24 0.28 1.04%

The current 90-days correlation between Upright Growth Income and Franklin Gold Precious is 0.35 (i.e., Weak diversification). The correlation of Upright Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Upright Growth Income and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upright Growth Income 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 Growth Income. 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 small area income & poverty estimates.

Moving together with Upright Mutual Fund

0.87	UPAAX	Upright Assets Allocation	Pair Corr
0.92	UPUPX	Upright Growth	Pair Corr
0.61	GFAFX	Growth Fund	Pair Corr
0.61	AGTHX	Growth Fund	Pair Corr
0.61	FAFGX	American Funds	Pair Corr
0.61	FFAFX	American Funds	Pair Corr
0.61	CGFFX	Growth Fund	Pair Corr
0.65	CGFAX	Growth Fund	Pair Corr
0.61	CGFEX	Growth Fund	Pair Corr
0.74	FTYPX	Fidelity Freedom Index	Pair Corr
0.83	FFBTX	Fidelity Freedom Blend	Pair Corr
0.79	GCAVX	Gmo Small Cap	Pair Corr
0.68	PSAIX	Pimco Global Advantage	Pair Corr
0.77	PHSIX	Pimco High Yield	Pair Corr
0.87	SOAVX	Spirit Of America	Pair Corr
0.68	MMMMX	Victory Integrity	Pair Corr
0.81	FGEMX	Fidelity Advisor Com	Pair Corr
0.72	PCLIX	Pimco Commoditiesplus	Pair Corr
0.68	TMCPX	Touchstone Mid Cap	Pair Corr
0.77	GEMIX	Goldman Sachs Emerging	Pair Corr
0.61	TEUIX	T Rowe Price	Pair Corr
0.72	EXMAX	Eaton Vance Short	Pair Corr
0.83	CCKTX	American Funds 2060	Pair Corr
0.72	NFACX	Neuberger Berman Focus	Pair Corr

Moving against Upright Mutual Fund

0.57

GABFX

Gmo Asset Allocation

Pair Corr

Related Correlations Analysis

	AGGWX	RYMPX	SGDLX	GIDAX	FGDIX	MXKJX	FRGOX
AGGWX		1.0	0.98	0.95	1.0	0.93	0.98	AGGWX
RYMPX	1.0		0.98	0.95	1.0	0.93	0.98	RYMPX
SGDLX	0.98	0.98		0.96	0.98	0.92	1.0	SGDLX
GIDAX	0.95	0.95	0.96		0.95	0.95	0.97	GIDAX
FGDIX	1.0	1.0	0.98	0.95		0.92	0.98	FGDIX
MXKJX	0.93	0.93	0.92	0.95	0.92		0.93	MXKJX
FRGOX	0.98	0.98	1.0	0.97	0.98	0.93		FRGOX
	AGGWX	RYMPX	SGDLX	GIDAX	FGDIX	MXKJX	FRGOX

Risk-Adjusted Indicators

There is a big difference between Upright Mutual Fund performing well and Upright Growth 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 Growth'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
AGGWX	1.67	0.58	0.27	0.77	1.53	(1.95)	4.54	(3.74)	10.21
RYMPX	1.82	0.59	0.25	0.63	1.71	(2.03)	4.89	(3.85)	10.98
SGDLX	1.53	0.56	0.30	2.40	1.16	(1.84)	3.79	(3.17)	8.64
GIDAX	0.49	0.12	0.08	1.08	0.42	(0.57)	0.97	(0.96)	3.10
FGDIX	1.65	0.55	0.24	0.74	1.56	(1.91)	4.53	(4.12)	9.73
MXKJX	0.67	0.08	0.09	0.16	0.63	(0.78)	1.60	(1.25)	3.20
FRGOX	1.65	0.67	0.33	2.22	1.27	(1.96)	4.32	(3.51)	9.48

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