Upright Growth Correlations

UPDDX Fund

USD 27.56 0.29 1.06%

The current 90-days correlation between Upright Growth Income and Western Asset Municipal is 0.21 (i.e., Modest 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

Almost no diversification

The correlation between Upright Growth Income and DJI is 0.96 (i.e., Almost no 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

0.98	UPAAX	Upright Assets Allocation	Pair Corr
0.96	UPUPX	Upright Growth	Pair Corr
0.82	FAFGX	American Funds	Pair Corr
0.82	FFAFX	American Funds	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.91	VTSNX	Vanguard Total Inter	Pair Corr
0.91	VTISX	Vanguard Total Inter	Pair Corr
0.91	VTPSX	Vanguard Total Inter	Pair Corr
0.87	VINIX	Vanguard Institutional	Pair Corr
0.92	AGDAX	Ab High Income	Pair Corr
0.87	RYSEX	Royce Special Equity	Pair Corr
0.9	ANOHX	American Century Small	Pair Corr
0.92	RPNCX	Riverpark/next Century	Pair Corr
0.92	ASHAX	Allianzgi Short Duration	Pair Corr
0.94	LERKX	Blackrock Lifepath Esg	Pair Corr
0.88	UIVNX	Mfs Intrinsic Value	Pair Corr
0.89	ENGCX	Cboe Vest Sp	Pair Corr
0.72	BDKNX	Braddock Multi Strategy	Pair Corr
0.95	PLRTX	Principal Lifetime Hybrid	Pair Corr
0.94	CPAEX	Counterpoint Tactical	Pair Corr
0.68	VEIRX	Vanguard Equity Income	Pair Corr
0.95	AADTX	American Funds 2025	Pair Corr
0.87	FXAIX	Fidelity 500 Index	Pair Corr
0.87	DODBX	Dodge Balanced	Pair Corr
0.94	VEUSX	Vanguard European Stock	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	FKORQX	IAADX	VOLJX	FBANJX	FIJFX	XMHFX
FKORQX		-0.87	-0.43	-0.81	-0.89	-0.43	FKORQX
IAADX	-0.87		0.56	0.92	0.98	0.45	IAADX
VOLJX	-0.43	0.56		0.79	0.61	-0.12	VOLJX
FBANJX	-0.81	0.92	0.79		0.95	0.32	FBANJX
FIJFX	-0.89	0.98	0.61	0.95		0.43	FIJFX
XMHFX	-0.43	0.45	-0.12	0.32	0.43		XMHFX
	FKORQX	IAADX	VOLJX	FBANJX	FIJFX	XMHFX

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

FIJFX	+ 0.98	IAADX
FIJFX	+ 0.95	FBANJX
FBANJX	+ 0.92	IAADX
FBANJX	+ 0.79	VOLJX
FIJFX	+ 0.61	VOLJX
VOLJX	+ 0.56	IAADX

High negative correlations

FIJFX	- 0.89	FKORQX
IAADX	- 0.87	FKORQX
FBANJX	- 0.81	FKORQX
XMHFX	- 0.43	FKORQX
VOLJX	- 0.43	FKORQX
XMHFX	- 0.12	VOLJX

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
FKORQX	0.06	(0.04)	0.00	1.68	0.00	0.00	0.03	(0.02)	2.22
IAADX	0.15	0.06	(0.01)	0.64	0.00	(0.21)	0.42	(0.21)	1.03
VOLJX	0.60	(0.03)	(0.04)	0.04	0.80	(0.66)	1.32	(1.40)	4.25
FBANJX	0.44	0.03	0.01	0.11	0.45	(0.53)	0.96	(0.99)	3.03
FIJFX	0.96	0.25	0.20	0.30	0.92	(1.06)	2.11	(1.75)	5.59
XMHFX	0.09	(0.01)	(0.22)	(0.13)	0.14	(0.14)	0.14	(0.29)	0.72

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