Science Technology Correlations

USTCX Fund

USD 29.87 0.74 2.42%

The current 90-days correlation between Science Technology and Delaware Healthcare 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 0.89 (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 state and metro area employment, hours, and earnings.

Moving together with Science Mutual Fund

0.87	SBFMX	Victory Portfolios	Pair Corr
0.92	MAICX	Victory Trivalent	Pair Corr
0.93	URITX	International Fund	Pair Corr
0.78	USBAX	Usaa Ultra Short	Pair Corr
0.96	USWGX	World Growth	Pair Corr
0.75	UGTCX	Usaa Growth And	Pair Corr
0.77	FSELX	Fidelity Select Semi	Pair Corr
0.86	SLMCX	Columbia Seligman	Pair Corr
0.9	SCICX	Columbia Seligman	Pair Corr
0.84	CCIFX	Columbia Seligman	Pair Corr
0.94	PRSCX	T Rowe Price	Pair Corr
0.74	FSCSX	Software And It	Pair Corr
0.79	CII	Blackrock Enhanced	Pair Corr
0.79	ETV	Eaton Vance Tax	Pair Corr
0.89	CLM	Cornerstone Strategic	Pair Corr
0.86	CRF	Cornerstone Total Return	Pair Corr
0.9	USA	Liberty All Star	Pair Corr
0.8	NFJ	Virtus Dividend Interest	Pair Corr
0.75	WMNUX	Westwood Market Neutral	Pair Corr
0.88	QRSIX	Fpa Queens Road	Pair Corr
0.87	RIRHX	Capital Income Builder	Pair Corr
0.92	QGIRX	Pear Tree Quality	Pair Corr
0.85	ICBAX	Icon Natural Resources	Pair Corr
0.85	HNINX	Harbor International	Pair Corr
0.95	SCDGX	Deutsche E Equity	Pair Corr
0.89	HBLVX	Hartford Balanced	Pair Corr
0.81	RGWFX	American Funds Growth	Pair Corr
0.81	RDETX	American Funds 2030	Pair Corr

Moving against Science Mutual Fund

0.72

IFN

India Closed

Pair Corr

Related Correlations Analysis

	AHSCX	PHLAX	SBHIX	VGHCX	ETAHX	PGHAX	DLHIX
AHSCX		0.82	0.93	0.97	0.96	0.93	0.9	AHSCX
PHLAX	0.82		0.89	0.81	0.71	0.8	0.85	PHLAX
SBHIX	0.93	0.89		0.95	0.85	0.95	0.89	SBHIX
VGHCX	0.97	0.81	0.95		0.91	0.97	0.9	VGHCX
ETAHX	0.96	0.71	0.85	0.91		0.87	0.9	ETAHX
PGHAX	0.93	0.8	0.95	0.97	0.87		0.84	PGHAX
DLHIX	0.9	0.85	0.89	0.9	0.9	0.84		DLHIX
	AHSCX	PHLAX	SBHIX	VGHCX	ETAHX	PGHAX	DLHIX

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
AHSCX	0.82	0.12	0.10	0.31	0.80	(1.01)	2.05	(1.53)	5.46
PHLAX	1.09	0.30	0.35	0.42	0.46	(1.50)	2.06	(1.38)	19.85
SBHIX	0.63	0.14	0.15	0.41	0.52	(0.73)	1.69	(1.16)	4.28
VGHCX	0.66	0.08	0.09	0.21	0.63	(0.77)	1.94	(1.24)	4.26
ETAHX	1.10	0.17	0.13	0.51	0.97	(1.26)	3.21	(1.85)	5.52
PGHAX	0.64	0.08	0.08	0.18	0.57	(0.74)	1.80	(1.15)	3.94
DLHIX	0.87	0.20	0.23	0.33	0.52	(1.12)	2.07	(1.17)	7.47

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