Science Technology Correlations

USSCX Fund

USD 31.50 0.11 0.35%

The current 90-days correlation between Science Technology and Aggressive Growth Fund is 0.88 (i.e., Very poor 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 weak diversification

The correlation between Science Technology Fund and DJI is 0.51 (i.e., Very weak 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 main economic indicators.

Moving together with Science Mutual Fund

0.61

WARCX

Wells Fargo Advantage

Pair Corr

Moving against Science Mutual Fund

0.36

WSTCX

Ivy Science And

Pair Corr

Related Correlations Analysis

	USAUX	USSPX	USNQX	USIFX	USAWX
USAUX		0.95	0.75	0.67	0.85	USAUX
USSPX	0.95		0.69	0.74	0.87	USSPX
USNQX	0.75	0.69		0.33	0.33	USNQX
USIFX	0.67	0.74	0.33		0.83	USIFX
USAWX	0.85	0.87	0.33	0.83		USAWX
	USAUX	USSPX	USNQX	USIFX	USAWX

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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
USAUX	1.03	(0.01)	(0.02)	0.07	1.46	(1.10)	1.99	(2.33)	7.15
USSPX	0.66	0.01	(0.02)	0.11	0.93	(0.68)	1.25	(1.50)	5.61
USNQX	0.88	0.03	0.00	0.14	1.11	(0.98)	1.69	(1.79)	6.35
USIFX	0.55	(0.02)	(0.11)	(0.02)	0.79	(0.57)	1.17	(1.49)	3.36
USAWX	0.64	(0.07)	0.00	(0.04)	0.00	0.00	1.20	(1.41)	5.95

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