Science Technology Correlations

USSCX Fund

USD 33.06 0.30 0.90%

The current 90-days correlation between Science Technology and Janus High Yield Fund is 0.19 (i.e., Average diversification). The correlation of Science Technology 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.

Science Technology Correlation With Market

Very poor diversification

The correlation between Science Technology Fund 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 Science Technology Fund 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 Science Technology Fund. 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 unemployment.

Moving together with Science Mutual Fund

0.78	FSELX	Fidelity Select Semi	Pair Corr
0.81	SLMCX	Columbia Seligman	Pair Corr
0.91	SCICX	Columbia Seligman	Pair Corr
0.8	CCIFX	Columbia Seligman	Pair Corr
0.94	PRSCX	T Rowe Price	Pair Corr
0.75	FSCSX	Software And It	Pair Corr
0.76	WHIAX	Ivy High Income	Pair Corr
0.78	IVHIX	Ivy High Income	Pair Corr
0.78	IHIFX	Ivy High Income	Pair Corr
0.76	WRHIX	Ivy High Income	Pair Corr
0.76	WHIYX	Ivy High Income	Pair Corr
0.89	QRSAX	Fpa Queens Road	Pair Corr
0.83	CAMYX	Cambiar International	Pair Corr
0.96	FLRYX	Nuveen Large Cap	Pair Corr
0.78	WMT	Walmart Common Stock	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.76	DD	Dupont De Nemours Sell-off Trend	Pair Corr

Moving against Science Mutual Fund

0.76	ERH	Allspring Utilities And	Pair Corr
0.68	T	ATT Inc Earnings Call This Week	Pair Corr
0.42	MMM	3M Company	Pair Corr
0.35	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	GTMUX	TEGIX	PREFX	HCKAX	IBALX	HILVX	JDHCX	JHYFX
GTMUX		0.84	0.31	0.8	0.83	0.97	0.9	0.96	GTMUX
TEGIX	0.84		0.21	0.89	0.88	0.85	0.79	0.82	TEGIX
PREFX	0.31	0.21		0.27	0.29	0.24	0.29	0.25	PREFX
HCKAX	0.8	0.89	0.27		0.94	0.79	0.84	0.83	HCKAX
IBALX	0.83	0.88	0.29	0.94		0.84	0.79	0.85	IBALX
HILVX	0.97	0.85	0.24	0.79	0.84		0.86	0.94	HILVX
JDHCX	0.9	0.79	0.29	0.84	0.79	0.86		0.95	JDHCX
JHYFX	0.96	0.82	0.25	0.83	0.85	0.94	0.95		JHYFX
	GTMUX	TEGIX	PREFX	HCKAX	IBALX	HILVX	JDHCX	JHYFX

Risk-Adjusted Indicators

There is a big difference between Science Mutual Fund performing well and Science Technology 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 Science Technology'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
GTMUX	0.93	0.10	0.05	2.03	0.97	(1.08)	1.97	(1.68)	4.60
TEGIX	0.99	0.12	0.09	0.31	0.90	(1.19)	1.34	(1.77)	14.07
PREFX	0.69	(0.07)	0.00	(0.31)	0.00	0.00	1.32	(1.81)	4.89
HCKAX	0.47	0.11	0.13	0.28	0.31	(0.57)	0.87	(0.84)	6.53
IBALX	0.42	0.09	0.08	1.26	0.28	(0.51)	0.73	(0.73)	6.88
HILVX	0.53	0.09	0.05	(11.81)	0.51	(0.63)	1.24	(0.95)	3.35
JDHCX	0.13	0.01	(0.14)	0.17	0.00	(0.23)	0.27	(0.26)	1.08
JHYFX	0.13	0.02	(0.15)	0.41	0.00	(0.25)	0.27	(0.27)	1.08

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