Union Street Correlations
USPVX Fund | USD 31.19 0.24 0.78% |
The current 90-days correlation between Union Street Partners and Hennessy Bp Energy is 0.49 (i.e., Very weak diversification). The correlation of Union Street 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.
Union Street Correlation With Market
Very poor diversification
The correlation between Union Street Partners and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Street Partners and DJI in the same portfolio, assuming nothing else is changed.
Union |
Moving together with Union Mutual Fund
1.0 | USPFX | Union Street Partners | PairCorr |
1.0 | USPCX | Union Street Partners | PairCorr |
0.84 | VVIAX | Vanguard Value Index | PairCorr |
0.82 | DOXGX | Dodge Cox Stock | PairCorr |
0.81 | AFMFX | American Mutual | PairCorr |
0.81 | FFMMX | American Funds American | PairCorr |
0.81 | FFFMX | American Funds American | PairCorr |
0.81 | AMRMX | American Mutual | PairCorr |
0.81 | AMFFX | American Mutual | PairCorr |
0.81 | AMFCX | American Mutual | PairCorr |
0.82 | DODGX | Dodge Stock Fund | PairCorr |
0.84 | VIVAX | Vanguard Value Index | PairCorr |
0.78 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.78 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.66 | LSHUX | Horizon Spin Off Downward Rally | PairCorr |
0.66 | LSHEX | Kinetics Spin Off Downward Rally | PairCorr |
0.77 | RSNYX | Victory Global Natural | PairCorr |
0.77 | RSNRX | Victory Global Natural | PairCorr |
0.77 | RGNCX | Victory Global Natural | PairCorr |
0.65 | WWNPX | Kinetics Paradigm Downward Rally | PairCorr |
0.85 | RMQAX | Monthly Rebalance | PairCorr |
0.85 | RMQHX | Monthly Rebalance | PairCorr |
0.82 | OAKBX | Oakmark Equity And | PairCorr |
0.86 | FBMTX | American Funds 2065 | PairCorr |
0.68 | BUFHX | Buffalo High Yield | PairCorr |
0.85 | NOIEX | Northern Income Equity | PairCorr |
0.77 | AVEMX | Ave Maria Value | PairCorr |
0.69 | FSCSX | Software And It | PairCorr |
0.84 | FIFRX | Franklin Growth | PairCorr |
0.81 | RNGEX | New Economy Fund | PairCorr |
0.85 | ANOIX | Small Cap Growth | PairCorr |
0.8 | MUTHX | Franklin Mutual Shares | PairCorr |
0.8 | AMECX | Income Fund | PairCorr |
0.72 | GAB | Gabelli Equity Trust | PairCorr |
0.81 | FSPGX | Fidelity Large Cap | PairCorr |
0.82 | AIWEX | World Energy | PairCorr |
0.83 | AAMCX | Absolute Capital Asset | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Union Mutual Fund performing well and Union Street 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 Union Street'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 | ||
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HNRGX | 0.92 | 0.05 | 0.03 | 0.18 | 1.04 | 1.84 | 5.32 | |||
ALEFX | 0.63 | 0.23 | 0.28 | 0.64 | 0.00 | 1.37 | 3.08 | |||
FNCRX | 0.77 | (0.01) | (0.04) | 0.10 | 1.03 | 1.60 | 5.15 | |||
ENPSX | 1.38 | 0.06 | 0.04 | 0.18 | 1.79 | 2.58 | 7.85 | |||
PNRCX | 0.92 | (0.05) | (0.04) | 0.07 | 1.37 | 2.10 | 7.19 | |||
FRNRX | 0.77 | (0.01) | (0.03) | 0.11 | 1.05 | 1.59 | 5.19 | |||
ALTEX | 1.35 | (0.19) | 0.00 | (0.05) | 0.00 | 2.83 | 9.14 | |||
GMOWX | 1.09 | (0.09) | 0.00 | (0.04) | 0.00 | 1.88 | 7.69 |