Science Technology Correlations

VCSTX Fund

USD 32.54 0.37 1.15%

The current 90-days correlation between Science Technology and Firsthand Technology Opportunities is 0.77 (i.e., 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

Poor diversification

The correlation between Science Technology Fund and DJI is 0.64 (i.e., 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 estimate.

Moving together with Science Mutual Fund

0.66	DYSL	Dynasil Of	Pair Corr
0.77	DIDIY	Didi Global ADR	Pair Corr
0.81	WEBB	Web Global Holdings	Pair Corr
0.67	WELX	Winland Holdings	Pair Corr
0.7	CETXP	Cemtrex Pref	Pair Corr
0.71	HAUP	Hauppauge Digital OTC	Pair Corr

Moving against Science Mutual Fund

0.74	VHAI	VHAI	Pair Corr
0.74	EVOL	Evolving Systems	Pair Corr
0.73	ELCO	Elcom International	Pair Corr
0.72	VVPR	VivoPower International	Pair Corr
0.66	DLPX	Delphax Technologies	Pair Corr
0.66	DMAN	Innovativ Media Group	Pair Corr
0.56	DZSI	DZS Inc	Pair Corr
0.54	WRNT	Warrantee American	Pair Corr
0.51	SBIGW	SpringBig Holdings	Pair Corr
0.5	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.43	XELA	Exela Technologies Earnings Call This Week	Pair Corr
0.85	IQST	Iqstel Inc	Pair Corr
0.82	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.8	VLD	Velo3D Inc	Pair Corr
0.73	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.72	ZPTAW	Zapata Computing Holdings	Pair Corr
0.56	SURGW	SurgePays Warrant	Pair Corr
0.45	OGBLY	Onion Global Limited	Pair Corr

Related Correlations Analysis

	TEFQX	FIKHX	RCGTX	USTCX	PGKCX	HTECX	DRGTX
TEFQX		0.9	0.91	0.92	0.93	0.85	0.87	TEFQX
FIKHX	0.9		0.88	0.89	0.9	0.89	0.94	FIKHX
RCGTX	0.91	0.88		0.98	0.98	0.78	0.94	RCGTX
USTCX	0.92	0.89	0.98		0.96	0.81	0.93	USTCX
PGKCX	0.93	0.9	0.98	0.96		0.77	0.93	PGKCX
HTECX	0.85	0.89	0.78	0.81	0.77		0.86	HTECX
DRGTX	0.87	0.94	0.94	0.93	0.93	0.86		DRGTX
	TEFQX	FIKHX	RCGTX	USTCX	PGKCX	HTECX	DRGTX

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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
TEFQX	1.17	(0.06)	(0.01)	0.05	1.70	(1.12)	2.40	(2.66)	8.22
FIKHX	1.08	0.08	(0.01)	(0.98)	1.69	(0.98)	2.17	(2.57)	7.16
RCGTX	1.01	0.01	0.02	0.09	1.57	(0.94)	1.81	(2.50)	6.58
USTCX	0.93	0.03	0.03	0.11	1.28	(0.88)	2.39	(2.53)	6.28
PGKCX	1.07	0.00	0.01	0.09	1.61	(1.02)	2.27	(2.67)	6.31
HTECX	0.88	0.01	(0.06)	(0.73)	1.29	(0.81)	1.64	(2.15)	6.25
DRGTX	1.01	0.13	0.02	(0.86)	1.57	(0.92)	1.80	(2.47)	6.64

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